Visa will acquire Plaid, a startup that allows companies to connect with customer financial accounts, for $5.3 billion, the companies said. The price is about twice Plaid’s $2.65 billion valuation in a 2018 funding round, in which Visa participated, according to the Wall Street Journal . Other major Plaid investors include Spark Capital, NEA and Kleiner Perkins, according to Pitchbook data. ...
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Microsoft CEO Says AI ‘Vicious Cycle’ Will Boost Google; Meta and OpenAI’s Other Rivalry
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoft’s Bing search—then being...
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