The Nike-lululemon rivalry rages on: This time, Nike is suing lululemon for infringing on its footwear patents.
Ingenico and Splitit are focused on cutting customer friction to grow their in-store BNPL presence.
Pressure to drop TikTok from app stores intensifies: Following the removal of TikTok from various government and educational institutions, US senators are urging app stores to drop the controversial app.
Meta’s vow of efficiency marks renewed optimism: Meta shares rally after analysts upgrade stock due to Meta’s new, leaner direction. Meanwhile, the company continues to spend billions on an unrealized metaverse pivot.
Generative AI likely to have market stickiness: ChatGPT frenzy seems to be increasing as use cases proliferate beyond chatting. Compute costs could be a bigger risk than a market bubble.
Amazon adds ‘a thousand bots a day’: The ecommerce giant’s robotic fleet might surpass its human workforce. It’s part of an automation trend that could gain steam in a recession.
The funding round shows there are opportunities for fintechs serving North Africa’s substantial underbanked population.
Challenger banks that cut costs and prioritize lucrative revenue streams are carving out the profits that still elude most.
Higher rates and the risk of increased defaults are hurting their business. They’re also losing market share to specialized fintechs.