Features
Major Tech Firms Commit to Covering Energy Costs, Easing Pressure on...
Several major technology companies have agreed to fund new energy generation and grid infrastructure tied to their data center operations, under a new “Ratepayer Protection Pledge” announced by the White House. Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI signed the agreement, committing to build, bring, or buy power for their facilities and cover the full cost of required delivery infrastructure, ensuring those expenses are not passed on to consumers...
Markets & Trends
Pine Labs Plans Stablecoin-Linked Prepaid Card Expansion Across Emerging Markets
Pine Labs plans to launch a stablecoin-backed prepaid card across nine markets in the Middle East, Africa, and Southeast Asia by the end of April 2025, marking a notable international expansion for the Indian fintech firm. CEO Amrish Rau said the initiative represents the company’s first consumer-facing stablecoin payments offering and will focus on jurisdictions that maintain a supportive regulatory environment for such assets...
Strategy
AI SaaS Startups Face a Higher Bar as Investors Pull Back...
Investors are still pouring money into artificial intelligence, but the bar for AI software startups is getting sharper. In the current market, founders building generic SaaS products with an AI layer are facing a harder pitch than they would have a year ago. The startups drawing interest now tend to be the ones with deeper product infrastructure, stronger control over customer workflows, or access to proprietary data that cannot be easily replicated...
Capital & Transactions
Kraken Financial Secures Federal Reserve Master Account, Gaining Direct Access to...
Payward announced that Kraken Financial, its Wyoming-chartered bank that supports the Kraken digital asset platform, has received a Federal Reserve master account, allowing direct participation in the U.S. central bank’s payment infrastructure. The approval makes Kraken Financial the first digital-asset-focused bank in the United States to obtain this access...
Health & Wellness
Grow Therapy Raises $150M Series D to Expand Integrated Mental Health...
Grow Therapy has secured $150 million in Series D funding to expand its mental health platform and strengthen connections between insurers, employers, and healthcare providers. The round was led by TCV and Goldman Sachs Alternatives Growth Equity, with participation from new investors BCI and Menlo Ventures, alongside existing backers Sequoia Capital, SignalFire, and Transformation Capital...
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