Digital payments platform Stripe has yet to lay out plans to go public, but in the meantime the company has thrown past and present employees a line for some liquidity. The company on Thursday confirmed a tender offer where investors will buy up shares from those employees at a valuation of $91.5 billion. Stripe said […]
© 2024 TechCrunch. All rights reserved. For personal use only.
IBM has finalized its multi-billion dollar HashiCorp acquisition, two days after the U.K.’s antitrust regulator gave the deal its blessing. Today’s announcement comes 10 months after IBM announced plans to pay $6.4 billion for HashiCorp, an enterprise software company best known for Terraform, an “infrastructure as code” tool for provisioning and managing infrastructure across clouds. […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Amazon Web Services (AWS) has introduced Ocelot, its first quantum computing chip. The news brings it into line with its big cloud rivals Microsoft and Google, which have also unveiled their own quantum chips in recent months, respectively Majorana and Willow. The cloud computing giant has long been investing in the quantum computing space, starting […]
© 2024 TechCrunch. All rights reserved. For personal use only.
A four-year-old Swiss startup has raised a sizable chunk of change to capitalize on the burgeoning “agentic AI” movement. Unique said on Thursday that it has raised $30 million in a Series A funding round that was led by London-based VC firm DN Capital and CommerzVentures, the investment offshoot of Germany’s Commerzbank. “Agentic AI” is […]
© 2024 TechCrunch. All rights reserved. For personal use only.
The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with […]
© 2024 TechCrunch. All rights reserved. For personal use only.