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Finance firms struggle to modernize as AI and blockchain race ahead

Legacy tech – is holding finance back; nearly half of financial firms admit outdated infrastructure is stalling AI progress, with data quality and harmonization key to unlocking value. AI and cloud – dominate investments, with 80-90% of financial services outfits making both big AI bets,...

Helium rebranded Nova Labs, raises $200m in Series D – from a16z, DT, Goodyear, Nokia

Helium, the company in charge of the crowd-sourced Helium non-cellular IoT and cellular 5G networks, has rebranded as Nova Labs, and announced $200 million of Series D funding from New York-based investment company Tiger Global and Silicon Valley venture firm Andreessen Horowitz (a16z). Besides...