London-headquartered fintech Zepz is laying off 20% of its global workforce, marking another significant round of redundancies as the company restructures to streamline operations and cut costs. CNBC, citing anonymous sources, reported that the layoffs primarily impact IT functions, including database administration, development operations, and software engineering. Zepz—formerly known as WorldRemit—confirmed the workforce reduction, stating that the move is necessary to “sustainably
READ MOREJapanese tech investor SoftBank Group has announced a strategic alliance with US-based OpenAI to establish SB OpenAI Japan, a joint venture aimed at revolutionizing artificial intelligence services for Japan’s top businesses. At the heart of this initiative is Cristal Intelligence, a next-generation enterprise AI solution designed to provide seamless system integration and customization for companies looking to enhance operational efficiency. As part
READ MOREOpenAI has unveiled its latest innovation, Operator, a groundbreaking service designed to redefine how businesses and individuals interact with artificial intelligence. As a pioneer in the AI space, OpenAI continues to push the boundaries of technology, and Operator is poised to be a game-changer. Operator is a general-purpose AI agent that OpenAI claims it has the potential to automate many day-to-day tasks
READ MORESwedih fintech Klarna has signed a strategic, multi-year agreement with a subsidiary of funds advised by Elliott Advisors (UK) Limited for the on-going sale of substantially all of Klarna’s short-term, interest free product receivables in the UK. Klarna will still own all consumer-facing activities, including underwriting and servicing. The Financial Times earlier reported on the deal. Over the past three years, Klarna
READ MOREBillionaire entrepreneur and Tesla’s CEO, Elon Musk is again proposing to buy Twitter for $54.20 a share, according to a new security filing made public on Tuesday (Oct. 4) by the US Securities and Exchange Commission (SEC). “On October 3, 2022, the Reporting Person’s advisors sent a letter to Twitter (on the Reporting Person’s behalf) notifying Twitter that the Reporting Person intends to proceed to
READ MOREThe first neobank with Lithuanian capital SME Bank has partnered with the Baltic country’s next-generation payment infrastructure provider kevin to create a “one-stop-shop” for e-commerce business owners. The combined offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics, as well as revenue-based financing based on e-retailers’ expenses and profit, simplifying life for SME owners. The payment collection options
READ MOREStreaming platform Netflix Inc. fired 300 of its employees on Thursday (June 23) according to a report published by Variety. Last month the company laid off 150 employees and dozens of contractors and part-time workers. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are
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