FinTech
OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals
Sam Altman didn’t set out to compete with Nvidia. OpenAI began with a simple bet that better ideas, not better infrastructure, would unlock artificial general intelligence. But that view shifted years ago, as Altman realized that more compute, or processing power, meant more capability — and ultimately, more dominance. On Monday morning, he unveiled his […]
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AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker
OpenAI and Advanced Micro Devices have reached a deal that could see Sam Altman’s company take a 10% stake in the chipmaker. AMD stock skyrocketed more than 25% Monday during premarket trading following the news. OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units over multiple years and across multiple generations of hardware, […]
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Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say
Key Points OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned. OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash. By allowing OnePay users to hold bitcoin and ether in their mobile app, customers could […]
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OpenAI’s Sora 2 is putting safety and censorship to the test with stunningly real videos
Fresh off a $6.6 billion share sale that made it the world’s most valuable private company, OpenAI’s TikTok-style video app, powered by its new artificial intelligence model, Sora 2, is going viral. Despite the gated release that requires an invite code, the video creation tool has already shot to the number three spot on Apple‘s […]
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OpenAI wraps $6.6 billion share sale at $500 billion valuation
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record […]
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Wealthfront files for IPO, joining wave of fintech firms going public in 2025
Key Points Wealthfront, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday. It’s the latest in a wave of fintech firms going public this year after the likes of Chime and Klarna. Source
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Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase
US businesswoman Charlie Javice (L), founder of Frank, arrives for her sentencing hearing at federal court in Manhattan on Sept. 29, 2025, in New York City. Timothy A. Clary | AFP | Getty Images Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, is facing sentencing Monday for defrauding the bank by overstating […]
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OpenAI’s historic week has redefined the AI arms race for investors: ‘I don’t see this as crazy’
OpenAI CEO Sam Altman listens to questions at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters This week, OpenAI redefined what momentum — and risk — look like in the artificial intelligence arms race. Now comes the hard part: Executing on CEO […]
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Fintech Checkout.com’s valuation falls to $12 billion
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking at the annual Web Summit technology conference in Lisbon, Portugal, in 2022. Horacio Villalobos | Getty Images LONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out. The London-headquartered payments platform said Friday that it plans to […]
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Early Revolut backer invests in AI-focused finance software startup Light
Key Points Light, a Danish financial software startup, told CNBC it has raised $30 million in a Series A funding round led by Balderton Capital. Founded in 2022, Light’s software uses artificial intelligence to automate businesses’ accounting, bookkeeping and financial reporting. The startup recently opened an office in London and is planning to open one […]
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