OpenAI says ChatGPT and its API are grappling with “abnormal traffic” and has spotted signs of a DDoS attack resulting in periodic outages
- OpenAI says on its site it's grappling with “abnormal traffic” — The US startup introduced a preview version of GPT-4 Turbo
On September 1, Slack plans to update its free plan to show the last 90 days of messages and raise its Pro pricing to $87/user per year or $8.75/user per month
Slack, the chat platform that serves as an online watercooler for oh-so-many teams, is bumping up its monthly price and changing the way its free plan works.
Google scraps plans for mobile-first bank accounts service Plex; sources say the move follows April departure of a Google Pay exec who championed the project
Tech giant had partnered with Citigroup and other banks on ‘Plex’ accounts that would sync with Google Pay
Denver-based Reserve Trust, which enables domestic and international B2B payments, raises $30.5M Series A led by QED Investors
Mary Ann Azevedo / TechCrunch :
Square says it's buying Australia-based buy now, pay later service Afterpay for $29B in an all-stock deal, paying a 30% premium on Afterpay's last closing
U.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd …
Facebook details DINO self-supervised AI for object discovery and segmentation in images/videos, and PAWS, a new ML approach to classify poorly labelled images
Square acquires a majority stake in Jay-Z's streaming service Tidal for $297M; Jay-Z will join Square's board
What did Jay-Z and Jack Dorsey talk about when they went yachting around the Hamptons together last summer? Perhaps only Beyoncé knows. — Maybe now we do, too.
Stripe launches Treasury to let its customers offer checking accounts and other business-banking services; Shopify will offer the services from early next year
Hello! Today: A new breed of startups is trying to help other startups manage their finances better. Stripe : Stripe launches Stripe Treasury in major expansion of financial servi...
In email to staff, Uber CEO says it will “deprioritize” its finance-related projects, including Uber Money, as the head of its financial products quits
Uber Technologies Inc.'s financial services leader Peter Hazlehurst is calling it quits as the ride-hailing giant focuses …
Behind Facebook's rewrite of Messenger, going live today, that has shrunk the iOS app's size from 130MB to 30MB and its codebase from 1.7M to 360K lines of code
To make its iPhone messaging app run better—especially on older phones—Facebook rewrote it from the ground up. The new version is going live now.
Sources: Intuit is nearing a deal to buy personal finance portal Credit Karma for about $7B in cash and stock; the deal could be announced as soon as Monday
Acquisition would be Intuit's largest ever and the first sizable transaction under CEO Sasan Goodarzi Tweets: @cararlombardo , @carnage4life , @bsteverman , @chriszeoli , @cararlom...
LendingClub is acquiring Boston-based online bank Radius Bancorp in a deal valued at $185M, making it the first US fintech company to acquire a bank
- LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source of funding, CNBC has learned.
Varo Money says it has received FDIC approval for federal deposit insurance, bringing it closer to a national bank charter, a first for a fintech startup
Felix Salmon / Axios :
LexisNexis Risk Solutions, part of RELX, agrees to buy Arizona-based Emailage, which uses machine learning to help clients detect fraud; source says for ~$480M
Relx is to buy Arizona-based Emailage for about $480m, as the UK-listed information and analytic group deepens its push into the fraud prevention sector.
Research: Opera, known for its web browser, allegedly issues predatory loans in Kenya, Nigeria, and India via Android apps, likely violating Play Store policies
GET OUR LATEST REPORTS DELIVERED TO YOUR INBOX — Summary (NASDAQ: OPRA) — Opera went public in mid-2018 based largely on prospects for its core browser business.
Google says it will phase out support for third-party cookies in Chrome within two years
just not anytime soon Tweets: Justin Schuh / @justinschuh : We shared an update today on our plans to phase out 3P tracking from the Web over the next two years. https://blog.chrom...
Profile of VSCO, a photo-sharing app with a reported valuation of $550M, which is trending towards 4M paying users in 2020, up from 2M in late 2018
No likes, no comments, no follower count — VSCO sells a sense of belonging — Long before Instagram toyed with removing “likes,” VSCO … Tweets: @glenngabe , @jessiechar , @joeldfl...