PayPal finally addressed the $53bn offer sitting on its table. Its answer was: not at that price. The company gave its first public response on Tuesday’s Q2 earnings call, alongside a beat. Chief executive Enrique Lores would not comment on Stripe and …
Visa is cutting about 2,600 jobs, roughly 7% of its staff, and it is cutting them mostly from the teams that build its technology. The money it saves is going into the payment methods that could one day make those rails matter less. The payments networ…
Options traders are positioning for a swing of roughly $190 billion in Microsoft’s market value after its results, an unusually large bet on a single earnings report. The pricing, reported by Reuters on 29 July, implies a move of about 6.6% in either d…
For a year, the story of Chinese AI has been simple. It is nearly as good as the American frontier, and it is effectively free. That second part may be about to change. Chinese developers could start charging cloud platforms commercial licensing fees t…
The most expensive moment in a B2B sales cycle does not look like one. An account executive is thirty minutes into a live call. Discovery is finished, the buyer is engaged, and the conversation has moved past polite curiosity into the part where deals …
A penetration test at a financial services firm managing billions of dollars in client assets has found a critical flaw in AI-generated code. The interesting part is what the code got right. Sygnia, the incident response firm, assessed a customer onboa…
Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPE…
Wall Street has spent three years paying for the companies that build AI. It is starting to pay for the companies that use it. The rotation has a number behind it. Morgan Stanley ran a systematic analysis of earnings call transcripts. It found that 25%…
Cover Genius has acquired Friendsurance, the Berlin company that invented peer-to-peer insurance. The deal took effect immediately, and neither side disclosed a price. Friendsurance built its name on a simple idea. Small groups of policyholders pool to…
Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an indu…