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Grab Accelerates AI Expansion With $150M

PYMNTS

Grab is planning to earmark $150 million for additional research into artificial intelligence (AI), Bloomberg reported on Thursday (Sept. Tan said Grab is concentrating on its customers’ most immediate needs. “We The startup is planning to raise $6.5 We won’t just build AI for the sake of AI,” she said.

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Cyberattacks, Google Crash Bring Internet Security Into Question

PYMNTS

Whether it's the power grid, banking and financial markets, transportation, communications or even the highly generalized “internet of things,” the list of digital inroads that penetrate our daily lives has never been higher.

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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

I was particularly impressed with how organised and meticulous the Chinese are in their planning and how they receive their guests. I attended global mining conferences like Australia Down Under and China Mining, which offered insight into different business practices and cultural approaches.

CFO 95
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Members’ Profile: Rowen Pillai

CFO Talks

Rowen’s career in finance and leadership has positioned him as an influential figure, serving in executive roles across various sectors, including transportation, investment, and industrial management. In my career, I’ve faced situations where initial plans failed, markets shifted unexpectedly, or projects didn’t go as anticipated.

CFO 97
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Stakes Rising In The US-China AI Race

Global Finance

China’s strategy is characterized by centralized planning, with direct state funding funneling into specific AI projects and the development of national computing centers. AI’s positive impact will be concentrated, initially, “in a limited number of sectors.” Srivastava, an economist and chief policy adviser at Ernst & Young India.

Economics 105
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Does Ridesharing Help Minority And Low-Income Consumers?

PYMNTS

This newest study, a dissertation from the UCLA Institute for Transportation Studies , did, indeed, find that many ridesharing customers hail from “ wealthier neighborhoods ,” according to a summary. The new study, though, which focused on L.A.

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Can Lyft Solve The Food Desert Problem?

PYMNTS

Lyft recently launched the Grocery Access Program in Atlanta, and has plans for further expansion to such cities as Atlantic City, Baltimore, Chicago, Columbus, Detroit, Indianapolis, Los Angeles and Miami. Word is getting out about the program via media, the nonprofits that are or will be involved and word of mouth.