Michael Roddan

The sudden rise of DeepSeek represents an opportunity for banks and financial firms to access a low-cost but still sophisticated artificial intelligence model—if only it wasn’t from China. Geopolitical tensions between Washington and Beijing, along with perceived security risks posed by the ...

Klarna eked out a slim $21 million profit last year after a series of annual losses following an international expansion into the U.S., according to the the Swedish buy-now, pay-later company’s prospectus filed on FridayKlarna, which is preparing to IPO on the New York Stock Exchange, also revealed revenue grew 24% to $2.8 billion last year–faster than the 20% growth rate a year earlier.

Until this week, I didn’t know Keith O’Brien existed. The payroll compliance manager—and now accused corporate spy—was suddenly very interested in me. O’Brien’s curiosity was piqued last month when I was writing a story about a bitter feud between his company, Rippling, and its archrival, Deel. ...

Philippe Bouaziz has always expected his only son to fight—and to fight alongside him. He made his hope plainly apparent on the day he chose his son’s name: Alexandre, a deliberate homage to Alexander the Great, the ancient Macedonian conqueror, Philippe has told people with evident pride. The ...

A federal judge halted agencywide job cuts at the Consumer Financial Protection Bureau a day after employees at the agency received termination notices that would have cut 90% of staff.U.S. District Judge Amy Berman Jackson on Friday said she would be issuing a written order blocking the layoffs, according to Bloomberg . An appeals court last week narrowed Jackson’s preliminary injunction on

Deel, the fintech software company accused of spying on archrival Rippling, hit back with a lawsuit that claims the spy that Deel allegedly paid was actually a whistleblower trying to bring to light wrongdoing by Rippling.Deel’s lawsuit, filed in the superior court of Delaware on Thursday, claims that Rippling has defamed Deel and interfered with its business by making false and misleading

Venture capital firm Andreessen Horowitz has landed in the middle of a nasty Silicon Valley spy scandal between one of its most successful startups and a company run by a chief executive the VC firm pushed out nearly a decade ago from the company he founded. The VC firm is playing a central role ...

A group of Wall Street banks sold the final tranches of debt it lent Elon Musk in 2022 for his takeover of Twitter, now called X, The Wall Street Journal reported .The $1.2 billion sale marks the end of a long-running headache for the banking syndicate that lent a total of $13 billion to Musk. Interest rates shot up in the period between when Musk launched the deal and when it finally