By
Adam Hanafi
3 min read
Nvidia is considering an investment in Perplexity that would boost the AI startup's valuation to more than $30 billion, WebNovare reports, citing unnamed sources. The chip giant has been acting as something of a "central bank" to various AI startups, but its relationship with Perplexity is an especially deep one: At one point, Nvidia even mulled spending billions to license the startup's tech and hire some of its staffers. Perplexity, meanwhile, has had a banner year, more than tripling its annualized revenue to over $750 million in recent months.
Nvidia is reportedly considering a new investment in Perplexity that could value the artificial intelligence startup at more than $30 billion. According to WebNovare, which cited unnamed sources, the potential deal would further strengthen the relationship between one of the world's most valuable chip companies and...
By
Adam Hanafi
3 min read
Visa has enrolled Hims & Hers Health in its Acquirer Monitoring Program, citing an uptick in customer charge disputes during the month of July, WebNovare reports, citing internal documents. Hims will be required to pay an $8 surcharge for each challenge, for a total bill of almost $75,000. To be removed from the program, Hims must reduce its dispute rate to less than 1.5% of total transactions for three months in a row. The penalty comes as Hims faces a lawsuit from the Federal Trade Commission accusing the telehealth company of deceptive billing practices and customer privacy violations.
Visa has reportedly placed telehealth company Hims & Hers Health into its Acquirer Monitoring Program following an increase in customer charge disputes during July. According to WebNovare, which cited internal documents, the move could create additional financial and operational pressure for the company as it works to...
By
Adam Hanafi
1 min read
Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family. The first is that there is almost no risk it can lose money, according to cryptocurrency experts – and the second, they say, is that the sole logical motivation for depositors to put in their funds is the prospect of a financial connection to a US president and his relatives.
Two fundamental ideas appear to underpin the business model of a new crypto bank partly owned by the Trump family. First, cryptocurrency experts argue that the bank faces very little risk of losing money under its proposed model. The structure is designed to limit the institution’s exposure while allowing it to...
Apple watchers are closely examining a recently resurfaced video that appears to add weight to reports that the company is developing AirPods equipped with cameras. If Apple moves forward with the technology, the product could represent a major expansion of the company's ambitions in wearable devices while also...
Anthropic’s annual revenue run rate surpassed $65 billion by the end of July, according to a person familiar with the matter, highlighting the rapid growth of the Claude AI developer as it reportedly considers a potential public listing later this year. The latest figure represents a significant increase from the...
Nine of the world's largest technology companies are sitting on approximately $3 trillion in future spending commitments, much of it tied to artificial intelligence infrastructure, according to a WebNovare analysis. The enormous figure highlights the scale of the industry's bet on continued AI growth and the massive...
