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Y Combinator’s Garry Tan Backs AI Rules, Warns of Monopolies
Garry Tan, the influential president and CEO of the startup incubator Y Combinator, recently addressed an audience at The Economic Club of Washington, D.C., emphasizing the need for regulatory frameworks in the rapidly evolving field of artificial intelligence (AI). Tan’s comments come at a critical juncture as AI technologies continue to permeate various aspects of […]
Fintech lender SoLo Funds faces another lawsuit from the government regarding its lending practices.
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against SoLo Funds, a fintech company specializing in peer-to-peer lending. The CFPB accuses the company of employing “digital dark patterns” to mislead borrowers and illegally extracting fees, despite advertising a fee-free service. Allegations of Deceptive Practices In a press release on May 17, CFPB Director […]
Why Microsoft Continues to Lead Google in the Battle for AI Developers
In a cheeky nod to last year’s viral video featuring a montage of every utterance of the word “AI” during the Google I/O keynotes, CEO Sundar Pichai decided to turn the tables this year. As he brought the keynote to a close, Pichai couldn’t resist the temptation to showcase the capabilities of Google’s latest Gemini […]
Triomics secures $15M in Series A funding to streamline cancer trial participant matching.
In the complex landscape of cancer treatment, clinical trials represent a beacon of hope, offering new therapies that could potentially extend or even save lives. Despite this, the rate of enrollment in these trials remains startlingly low, with only 3% to 5% of eligible patients participating annually in the United States. The reasons behind this […]
Fintech disputes have led TabaPay to abandon its purchase of bankrupt Synapse.
In a significant shift in the fintech landscape, TabaPay has officially withdrawn its intent to acquire the assets of the financially troubled Synapse, a banking-as-a-service startup. This decision, confirmed through multiple sources including TechCrunch and statements directly from the involved companies, highlights a complex web of relationships and contractual disagreements, primarily involving another key player, […]