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Socure secures investment at $5.2 billion valuation, buys Fravity

Socure secures investment at $5.2 billion valuation, buys Fravity

Aug 27 (Reuters) - Identity verification startup Socure said on Thursday it had secured a strategic growth investment, which valued the company at $5.2 billion, and acquired agentic operations platform Fravity.

As AI agents go rogue, cyber insurers are adapting their policies

As AI agents go rogue, cyber insurers are adapting their policies

By Anhata Rooprai and Manya Saini Aug 27 (Reuters) - Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies.

Wall Street dips on hot inflation data ahead of Nvidia earnings

Wall Street dips on hot inflation data ahead of Nvidia earnings

By Purvi Agarwal, Niket Nishant and Saeed Azhar Aug 26 (Reuters) - Wall Street's main indexes edged lower on Wednesday after a U.S. inflation reading came in hotter than expected, while many investors stuck to the sidelines ahead of AI bellwether Nvidia's earnings later in the day.

Nasdaq futures take lead after Nvidia forecast refuels AI trade

Nasdaq futures take lead after Nvidia forecast refuels AI trade

Aug 27 (Reuters) - Futures tied to the tech-heavy Nasdaq outperformed peers on Thursday after AI bellwether Nvidia's blockbuster forecast renewed investor confidence in the AI trade and boosted technology stocks globally.

Nasdaq poised to lead Wall St after Nvidia puts AI fears to rest

Nasdaq poised to lead Wall St after Nvidia puts AI fears to rest

By Purvi Agarwal and Niket Nishant Aug 27 (Reuters) - The S&P 500 and the Nasdaq were set to open higher on Thursday after Nvidia's blockbuster forecast renewed investor confidence in the AI trade and boosted technology stocks.

China's MiniMax sees revenue nearly quadruple in first half as AI demand surges

China's MiniMax sees revenue nearly quadruple in first half as AI demand surges

Aug 26 (Reuters) - Chinese AI startup MiniMax on Wednesday posted a nearly four-fold jump in first-half revenue as demand for its low-cost models and AI platform accelerated, with the company continuing to target cheaper ways to deploy AI at scale.

The AI accountability problem is getting bigger

The AI accountability problem is getting bigger

Companies and regulators are struggling to determine who is responsible when things go wrong.

Visa to Acquire Behavioral Biometrics Firm BioCatch from Permira for $2.4 Billion

Visa to Acquire Behavioral Biometrics Firm BioCatch from Permira for $2.4 Billion

Visa to Acquire Behavioral Biometrics Firm BioCatch from Permira for $2.4 Billion

Nasdaq leads Wall St higher as Nvidia eases AI growth concerns

Nasdaq leads Wall St higher as Nvidia eases AI growth concerns

By Purvi Agarwal and Niket Nishant Aug 27 (Reuters) - The tech-heavy Nasdaq outperformed peers on Thursday after Nvidia's blockbuster results reaffirmed the strength of the AI boom and fueled gains in technology stocks.

Best Buy's stronger forecast fails to reassure investors; shares fall

Best Buy's stronger forecast fails to reassure investors; shares fall

By Angela Christy M Aug 27 (Reuters) - Best Buy raised its full-year forecasts on Thursday on expectations of AI-driven device upgrades and advertising growth, but its shares fell 6% as investors looked past a tariff-refund boost and booked profits after a recent rally.

Gatik secures $200 million in funding as autonomous freight market accelerates

Gatik secures $200 million in funding as autonomous freight market accelerates

Aug 25 (Reuters) - Gatik has raised $200 million in Series D funding, the autonomous trucking startup said on Tuesday, as interest in driverless commercial freight surges in North America and Europe.

Investment Banks Balance Spending Between Operations, Growth, and Innovation

Investment Banks Balance Spending Between Operations, Growth, and Innovation

Investment Banks Balance Spending Between Operations, Growth, and Innovation