The nation’s largest fitness company “indefinitely” suspended its allegedly menacing CEO amid a growing number of federal investigations into possible fraud, according to multiple reports. Xponential Fitness which has more than 3,000 boutique studios under brands such as PureBarre, Rumble and CycleBar — is under federal scrutiny over allegations that the company misled both franchisees
ChatGPT maker OpenAI said Monday it would release a new AI model called GPT-4o, capable of realistic voice conversation and able to interact across text and vision, its latest move to stay ahead in a race to dominate the emerging technology. The new audio capabilities enable users to speak to ChatGPT and obtain real-time responses
Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
Overkill — M4 iPad Pro review: Well, now youre just showing off This tablet offers much more than youll actually need. Samuel Axon – May 13, 2024 9:00 pm UTC Enlarge / The 2024, M4-equipped 13-inch iPad Pro.Samuel Axon reader comments 184 The new iPad Pro is a technical marvel, with one of the best
Loading… Loading… The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes
TikToks aggressive push to prevent Congress from forcing a sale or ban of the China-owned app was an epic disaster and insiders are blaming the company’s slick, seasoned lobbyist in Washington who they claim miscalculated with outdated, tone-deaf tactics. As the bipartisan bill moved toward passage late last month as part of a Ukraine-Israel aid
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
Loading… Loading… Janover IncJNVR announced that it achieved significant year-over-year growth in lenders on its fintech platform in 2023, providing borrowers access to a broad range of competitive loan products. In 2023, Janover noted a766% growth in banking originator sign-ups, a 647% increase in credit union originator sign-ups, and a 445% boost in the other
Elon Musk’s new AI startup could be valued at a higher-than-expected $20 billion in its first funding round, with investor demand surging as the process nears a close, The Post has learned. Musk’s xAI — which powers the snarky Grok chatbot — could raise between $7 billion and $8 billion at that lofty valuation as
Loading… Loading… In the latest market close, Upwork UPWK reached $11.37, with a +1.25% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%. Shares of the online freelance marketplace operator
A federal judge in Texas on Friday blocked the Consumer Financial Protection Bureau’s new rule for an $8 cap on credit card late fees, a victory for business and banking groups that said the regulator exceeded its authority. US District Judge Mark Pittman in Fort Worth issued a preliminary injunction against the rule, which was scheduled to take effect on May 14.
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
For the past couple of weeks, the vortex of campus politics has threatened to suck Joe Biden in. Protesters at colleges have dubbed the president Genocide Joe and demanded that he act to stop Israeli actions in Gaza, while conservatives have sought to blame Biden for disorder at colleges and universities. Even as other Democrats
space truckin’ — In the race for space metals, companies hope to cash in Mining asteroids could reduce the burden on Earths resources. Will it live up to its promise? Sarah Scoles, Undark – May 12, 2024 11:00 am UTC Enlarge / An illustration depicts a NASA spacecraft approaching the metal-rich asteroid Psyche. Though there
Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
Here comes a future — Forget aerobars: Ars tries out an entire aerobike Taking to the road in a modern, high-speed version of a 40-year-old dream. John Timmer – May 12, 2024 10:30 am UTC Enlarge / The Velomobile Blk, with its hood in place. Note the hood has an anti-fog covering on the visor
Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
People wait at the train station of Wu Qing, Tianjin, on January 8, 2016. Fred Dufour | Afp | Getty Images BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for
Westend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could reduce your bill, experts say. Most Americans don’t owe taxes for selling a primary residence because of a special tax break — known as the Section 121
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has said the UK can create a $1tn homegrown tech giant to rival Microsoft or Google as he shrugged off foreign bids for London-listed companies as “part of how capitalism works”. The chancellor
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