Private Equity Groups Begin Placing AI Experts in Portfolio Companies
Private equity firms are placing artificial intelligence experts in their portfolio companies to drive business growth. Blackstone and Hellman Friedman partnered with Anthropic in a $1.5 billion deal to support this strategy.
Read full story →Crypto Card Spending Jumps Threefold in a Year, Paymentscan Data Shows
Cryptocurrency card spending exceeded $1.04 billion in July, more than tripling over the past year as consumers purchased everyday items like groceries. Dollar-backed stablecoins accounted for 70% of the more than 10 million tracked transactions.
Helcim Raises $38 Million to Fill Small Business Banking Void
Helcim raised 38 million dollars in Series C funding to expand its small business banking platform. The Calgary payments company aims to serve Canadian merchants as major banks divest or outsource their merchant services operations.
Apollo Economist Says AI Affecting Wages More Than Employment
Artificial intelligence is reducing wage growth rather than causing widespread job losses, according to Apollo Global Management's chief economist Torsten Slok. AI's measurable impact appears in weaker wage growth across the labor market rather than in overall employment numbers.