3 months ago
By Aditya Soni and Arasu Kannagi Basil
Aug 19 (Reuters) - Payments firm Stripe said on Wednesday it had agreed to buy OpenRouter, which helps businesses route and optimize token usage, its latest bet on the fast-growing AI industry.
While the companies did not disclose the value of the deal, a source familiar with the matter, who requested anonymity to discuss confidential information, told Reuters it was worth slightly more than $8 billion.
The deal comes as soaring bills drive companies toward cheaper models and routing tools like OpenRouter, and deepens a year-long push by the fintech into AI. The push has included launching products like token billing to track AI model consumption.
AI marketplace platforms like OpenRouter allow developers to send queries to dozens of AI models through a single interface, making them a popular testing ground for new systems.
#aditya
Aug 19 (Reuters) - Payments firm Stripe said on Wednesday it had agreed to buy OpenRouter, which helps businesses route and optimize token usage, its latest bet on the fast-growing AI industry.
While the companies did not disclose the value of the deal, a source familiar with the matter, who requested anonymity to discuss confidential information, told Reuters it was worth slightly more than $8 billion.
The deal comes as soaring bills drive companies toward cheaper models and routing tools like OpenRouter, and deepens a year-long push by the fintech into AI. The push has included launching products like token billing to track AI model consumption.
AI marketplace platforms like OpenRouter allow developers to send queries to dozens of AI models through a single interface, making them a popular testing ground for new systems.
#aditya
3 months ago
By Arasu Kannagi Basil
Aug 3 (Reuters) - Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion in cash, marking the card giant's latest effort to beef up its cybersecurity offerings.
The deal would help the world's largest payment processor further bolster its existing cyber, fraud, risk and security offerings and enable it to help clients better protect themselves in an increasingly complex threat environment, Visa said.
"Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale. BioCatch will help our clients stop fraud before it reaches the point of payment," said Andrew Torre, president of value-added services at Visa.
Founded in 2011, BioCatch helps detect fraud and distinguish legitimate users from fraudsters in real time by ***** yzing signals such as keystrokes, touch gestures and device handling to safeguard transactions.
#Help #offerings #clients #arasu
Aug 3 (Reuters) - Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion in cash, marking the card giant's latest effort to beef up its cybersecurity offerings.
The deal would help the world's largest payment processor further bolster its existing cyber, fraud, risk and security offerings and enable it to help clients better protect themselves in an increasingly complex threat environment, Visa said.
"Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale. BioCatch will help our clients stop fraud before it reaches the point of payment," said Andrew Torre, president of value-added services at Visa.
Founded in 2011, BioCatch helps detect fraud and distinguish legitimate users from fraudsters in real time by ***** yzing signals such as keystrokes, touch gestures and device handling to safeguard transactions.
#Help #offerings #clients #arasu
3 months ago
By Isla Binnie and Arasu Kannagi Basil
NEW YORK, July 23 (Reuters) - Blackstone beat ******* yst expectations for second-quarter income on Thursday as the world's largest alternative ******* et manager cashed in on investments, raked in new funds and reaped profits from a mammoth bet on artificial intelligence.
The New York-based company said inflows in the quarter pushed total ******* ets to $1.35 trillion. Distributable earnings, or profit available to shareholders, rose 26% on a per-share basis to $1.52, above estimates of $1.35 provided by LSEG.
Deals to sell a stake in three data centers to Digital Realty and a majority holding in power infrastructure company Sabre Industries to TPG helped push its haul from monetizing ******* ets to $31.8 billion.
Market volatility had hampered some deals in the first quarter, but Blackstone picked up the pace in the second, completing the listings of advertising technology company Liftoff Mobile, a data center investment vehicle called Blackstone Digital Infrastructure Trust and Indian office REIT Bagmane.
#quarter
NEW YORK, July 23 (Reuters) - Blackstone beat ******* yst expectations for second-quarter income on Thursday as the world's largest alternative ******* et manager cashed in on investments, raked in new funds and reaped profits from a mammoth bet on artificial intelligence.
The New York-based company said inflows in the quarter pushed total ******* ets to $1.35 trillion. Distributable earnings, or profit available to shareholders, rose 26% on a per-share basis to $1.52, above estimates of $1.35 provided by LSEG.
Deals to sell a stake in three data centers to Digital Realty and a majority holding in power infrastructure company Sabre Industries to TPG helped push its haul from monetizing ******* ets to $31.8 billion.
Market volatility had hampered some deals in the first quarter, but Blackstone picked up the pace in the second, completing the listings of advertising technology company Liftoff Mobile, a data center investment vehicle called Blackstone Digital Infrastructure Trust and Indian office REIT Bagmane.
#quarter
4 months ago
By Arasu Kannagi Basil, Elvira Pollina and Echo *****
July 1 (Reuters) - Bending Spoons shares closed nearly 40% higher in their U.S. market debut on Wednesday, as investors bought into the Italian firm's model of buying and revamping struggling technology companies.
The Milan-based company's shares opened at $31 apiece and closed at $40.50, giving the firm a market value of $25.7 billion.
The listing adds to signs of a broadening recovery in the U.S. IPO market and serves as a gauge of investor appetite for software companies after the industry was hammered earlier this year by fears that AI could disrupt established business models.
Software companies have been largely absent from the U.S. IPO market in 2026, even as a steady flow of large deals and ***** eX's blockbuster listing pushed second-quarter proceeds past a record-breaking $100 billion.
July 1 (Reuters) - Bending Spoons shares closed nearly 40% higher in their U.S. market debut on Wednesday, as investors bought into the Italian firm's model of buying and revamping struggling technology companies.
The Milan-based company's shares opened at $31 apiece and closed at $40.50, giving the firm a market value of $25.7 billion.
The listing adds to signs of a broadening recovery in the U.S. IPO market and serves as a gauge of investor appetite for software companies after the industry was hammered earlier this year by fears that AI could disrupt established business models.
Software companies have been largely absent from the U.S. IPO market in 2026, even as a steady flow of large deals and ***** eX's blockbuster listing pushed second-quarter proceeds past a record-breaking $100 billion.
