Nvidia's board has authorized an additional $150 billion for share repurchases, bringing the total remaining buyback authorization to $235 billion. The company plans to execute these repurchases through fiscal year 2028. This marks the largest single increase in buyback authorization in history, signaling strong confidence in Nvidia's long-term growth prospects.
In March, Janice Malone noticed alarming reports of suspicious activity affecting her nonprofit, Vivian's Door. The Alabama-based organization supports underserved and minority-owned businesses and often handles sensitive financial data. Unexpectedly, people worldwide reported receiving fraudulent emails soliciting money that Janice never sent. This breach prompted the organization's IT team to take systems offline for three days to identify and seal vulnerabilities.
UK-based digital bank Monzo is reportedly considering acquisition talks with Brazil's Nubank, alongside the option to pursue a significant new funding round as it looks to accelerate growth.
Nscale has secured $3.36 billion in convertible financing from investors including Third Point and Nvidia. This capital injection will support the company's expansive development of AI data centers, positioning it for its upcoming IPO in the United States.
Blue Cross Blue Shield reports that the integration of AI tools in hospitals has contributed to an increase of $942 million in healthcare expenses over a span of two years.
Anthropic has entered into a significant seven-year contract worth $11.6 billion to utilize Akamai's cloud infrastructure, as announced by Akamai after the US market closed on Thursday. The agreement includes an option to expand by an additional $9 billion, potentially raising the total value to approximately $20 billion. Additionally, Akamai has granted Anthropic a warrant for 7.7 million shares on an as-converted basis, representing a 5% equity stake in Akamai.
Baselayer, an AI-driven startup specialized in helping financial institutions verify business identities and mitigate fraud, has raised $35 million in Series A funding led by M13. The San Francisco-based company has developed technology that integrates business identity, credit, and fraud data to assist banks and fintech firms in evaluating prospective customers. Over 2,000 financial institutions use Baselayer's platform, which has helped prevent more than $1 billion in fraud losses since its founding in early 2023.
With its new funding, Baselayer is expanding to address the challenge of verifying AI agents acting on behalf of individuals or businesses. Their newly launched Agentic Identity Suite aims to establish authorized credentials for AI agents to prove legitimacy, helping merchants and financial institutions make informed decisions on transactions involving such agents. Baselayer is collaborating with industry players like FIS, Prove, and Socure in this effort.
The rise of AI agents creates both opportunities and risks, as fraudsters can now exploit automation to scale fraudulent activities more rapidly. Baselayer's platform seeks to provide a framework to identify and trust AI agents, a necessary evolution in a world where AI increasingly performs economic and transactional roles.
Cyera's CEO, Yotam Segev, highlighted the company's focus on building trust in AI agents' capabilities as a crucial step before scaling their use. On Tuesday, Cyera announced a $400 million investment from Growth Equity at Goldman Sachs Alternatives, part of their Series G funding round. This recent infusion brings Cyera's total funding to $1.4 billion over the year, reinforcing their commitment to improving AI security and monitoring for enterprise clients, particularly among the Global 2000 companies.
Angle Health has expanded its customer base to 5,000 small businesses and achieved profitability by offering level-funded health insurance plans that provide cost-effective coverage solutions.
Nik Storonsky, the founder of Revolut, shared with Les Echos that the company is planning to list on both the London Stock Exchange and Nasdaq. Speaking during his visit to Paris, this marks the first time Storonsky has openly confirmed the strategy of a dual listing. The interview was conducted by Gabriel Nédélec and Ingrid Feuerstein and published in the French newspaper. This move reflects Revolut's ambition to expand its presence across major financial markets.
