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Jack Dorsey to cut 4,000 workers at Block amid AI advances – but specters such as weak crypto market haunt companyJack Dorsey cited AI as the driving force behind cutting 40% of his company’s employees, but other factors such as a weak crypto market, overstaffing and a declining stock price may also have motivated the […]
Can AI do 40% of your job? Block’s Jack Dorsey thinks so Read More »
Fintech infrastructure company Plaid revealed on Thursday that it has completed a new fundraise to provide liquidity to employees at a valuation of $8 billion. That valuation is up 31% from the $6.1 billion the San Francisco-based company was valued at in April 2025 when it completed a separate tender offer. At its peak in
Fintech Plaid Completes Tender Offer At $8B Valuation Read More »
Elena Sakach is on a roll. A partner at GV (Google Ventures), Sakach has helped lead the firm’s investments in high-profile startups such as Humans&, Ramp, Stripe, Tennr and Basis. Unsurprisingly, considering her involvement in so many significant fintech deals, Sakach followed a fairly traditional path into finance. She started in the technology, media and
Basware has introduced a AI agents in its invoice lifecycle management platform to extend the existing InvoiceAI abilities of the platform. The company positions the agents as a step towards what it calls “Agentic Finance,” a model in which AI systems undertake finance tasks under preset controls. Jason Kurtz, chief executive officer of Basware said:
Basware’s AI agents: From invoicing to “100% automated” Read More »
It’s an open secret (that is, not many people seem to know) that the institutions keeping the global financial system turnig over run code that is ancient, barely understood, and frighteningly hard to replace. Now, AI is finally making that problem solvable – and the market has responded with a reality check for one of
COBOL modernisation just got an AI shortcut–and the market noticed Read More »
Want to keep track of the largest startup funding deals in 2025 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board. This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding deal
The Week’s 10 Biggest Funding Rounds: World Labs Leads Another AI-Heavy Lineup Read More »
The adoption of AI for enterprise treasury management enables businesses to abandon manual spreadsheets for automated data pipelines. Corporate finance departments face pressure from market volatility, regulatory demands, and digital finance requirements. Ashish Kumar, head of Infosys Oracle Sales for North America, and CM Grover, CEO of IBS FinTech, recently discussed the realities of corporate
American International Group (AIG) has reported faster than expected gains from its use of generative AI, with implications for underwriting capacity, operating cost, and portfolio integration. The company’s recent disclosures at an Investor Day merit attention from AI decision-makers as they contain assertions about measurable throughput and workflow redesign. AIG has outlined potential benefits from
Insurance giant AIG deploys agentic AI with orchestration layer Read More »
Goldman Sachs plans to deploy Anthropic’s Claude model in trade accounting and client onboarding, and, according to an article in American Banker, presents this as part of a broader push among large banks to use generative artificial intelligence to improve efficiency. The focus is on operational processes that sit in the back office and have
Goldman Sachs deploys Anthropic systems with success Read More »
A total of 31 companies joined The Crunchbase Unicorn Board in January, the largest count of companies to join in a single month since June 2022. Collectively, those companies added $9.3 billion in funding and $58.5 billion in value to the board. And underlining the pace at which some startups are now sprinting to billion-dollar-plus
January Delivers Highest New Unicorn Count In More Than 3 Years Read More »
