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Business & Lifestyle

Visa to buy fintech provider Plaid in $5.3 billion deal

SAN FRANCISCO (UPI) -- Visa has announced it will pay more than $5 billion to acquire financial technology company Plaid, which produces software for startups to connect to users' bank accounts. Some of Plaid's clients include payment app Venmo, investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini. The firm was founded in 2013 and is based in San Francisco. The deal is worth $5.3 billion, the companies said. Visa said three-fourths of the world's online consumers used a financial […]

todayJanuary 14, 2020 9

Business & Lifestyle

Raytheon tapped for self-evaluating machine learning system

WALTHAM, Mass. (UPI) -- Raytheon Co. announced on Monday it has begun work on a machine-learning technology allowing machines to teach machines through artificial intelligence use. The $6 million contract is one of four, valued at a total of $20.9 million, between the U.S. Defense Research Projects Agency and Raytheon BBN Technologies, SRI International, BBN Technologies, Teledyne Scientific & Imaging and BAE Systems. The new deal calls for the development of systems able to communicate information and the conditions of […]

todayJanuary 13, 2020 7

Business & Lifestyle

Aramco raises $29.4 billion in world’s biggest initial public offering

NEW YORK/DHAHRAN, Saudi Arabia (UPI) -- Saudi Arabia's Aramco raised $29.4 billion in the world's largest initial public offering, surpassing the oil company's original listing by $5 billion. Goldman Sachs Group Inc., one of the underwriters of the IPO, exercised the option to place 450 million additional shares that were initially separated to avoid price swings, according to a statement. The shares at $8.53 were placed with investors during the book-building process. The stabilization period ended Friday. "The 450 million […]

todayJanuary 12, 2020 12

Business & Lifestyle

Why your software team should be remote

The future of work is remote, and in no industry is this truer than in programming and software development. A globalized workforce allows companies to harness the skills of programmers from around the world, saving time and money in the process. Many companies, including Stripe, ESPN, and Coffee Meets Bagel, have capitalized on working with top developers no matter where they live. Here are some of the main benefits companies gain by working with remote software teams. Benefit from increased productivity  It’s […]

todayJanuary 12, 2020 8

Business & Lifestyle

EDITORIAL: Twitter, Spotify choose to be losers in 2020 election ad race while Facebook, Google cash in

Presidential candidates running for the role of commander-in-chief have spent more than $105 million on digital ads to date. Facebook and Google have received a lion's share of the ad revenue. Twitter chose to opt-out for the 2020 presidential election, and just recently, Spotify decided to opt-out as well. This is despite political organizations like the campaign of Bernie Sanders and the Republican National Committee who previously utilized the platform's paid ad network. With billionaires in the presidential race, such […]

todayDecember 28, 2019 19

Business & Lifestyle

Musk predicts Las Vegas tunnel to be completed in 2020, ahead of schedule

LAS VEGAS (UPI) -- Entrepreneur Elon Musk said he believes the Las Vegas tunneling system his Boring Company is creating under the city's convention center could be done by next year, possibly months ahead of schedule. Musk, the founder of Tesla and SpaceX, made the prediction on Twitter. The $48.7 million project will transport visitors to and from the massive Las Vegas Convention Center along three spots to the Las Vegas Strip, turning a 15-minute walk into a one-minute trip. […]

todayDecember 28, 2019 30

Business & Lifestyle

Gaming trends you should pay attention to in the 2019 holiday season

With the festive season fast approaching, many of us thinking about what to gift the gamers in our lives. Of course, the gaming selection of games, systems, and accessories is so vast that it can be dazzling and make deciding what to buy a tough choice indeed.  Virtual Reality There is no doubt about it, virtual reality (VR) is one of the biggest trends this Christmas. After all, what gamers do you know that wouldn't want to be wholly immersed […]

todayNovember 28, 2019 24

Business & Lifestyle

Beyond Bitcoin: how developers are helping traditional banks modernize

Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive. According to one survey, 80% of bankers agreed that their institution “needs to complete an assessment over the next three years, but only 15% expected that to lead to a modernization effort.” Security threats, the […]

todayNovember 12, 2019 5

Business & Lifestyle

How your business could get involved in the climate movement

This year, the climate movement has taken the world by storm. It all began with the Swedish teenager Greta Thunberg, who went on ‘School Strike for Climate’ in August 2018. Ever since, swathes of young people have been saying goodbye to their lessons once a month and heading out onto the streets to protest about climate change and the disinterest from many governments when it comes to protecting the environment. And it’s not just young people who are finally telling […]

todayNovember 8, 2019 3

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