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Mastercard has agreed to acquire stablecoin infrastructure firm BVNK in a deal valued at up to $1.8 billion, marking a major step in its push into blockchain-based payments. The acquisition is expected to strengthen Mastercard’s capabilities in digital money movement, particularly for cross-border transfers and business payments. BVNK provides infrastructure that connects traditional financial systems […]
Qualcomm has announced a new $20 billion stock buyback program as the semiconductor company moves to support shareholder returns following a decline in its share price. The buyback comes amid market pressures tied to global memory shortages that are expected to slow smartphone production, affecting demand for mobile processors. In addition to the repurchase program, […]
Elon Musk’s artificial intelligence company xAI is facing a lawsuit in the United States alleging its Grok image generator enabled the creation of explicit content using real photos of individuals. The complaint was filed in federal court by three plaintiffs, including two minors, who claim the system allowed altered images based on their likeness to […]