Covering Latin America’s tech, startups and venture capital ecosystem.
Latin America
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Visa's Fintech Innovation Program opens for market-ready fintechs, offering mentorship and global connections. With success in Spain/Portugal, it's set to bolster next-gen payment solutions. #VisaInnovation #FintechGrowth #PaymentSolutions
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OpenAI's employee share sale reflects $86B valuation. Stability returns with CEO Altman, as the company eyes over $100B with new funding, leveraging ChatGPT's success and a $13B Microsoft boost. #OpenAI #AI #TechValuation
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Reddit lands $60M/y deal for AI training with user posts, undisclosed AI firm buys in. Raises big ethical questions on user content monetization. #RedditAI #DataEthics #UserRights
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SoftBank seeks $100B for an AI chip venture, Izanagi, to challenge Nvidia and bolster Arm Holdings. Masayoshi Son's strategy bets on technology's future, with optimistic market response. #SoftBankAI #TechInvestment #SemiconductorRace
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Atlas raises $2.75M for AI-driven global benefits platform, now in 26 countries. Seed round boosts expansion in Americas, catering to US firms with global staff. #AtlasFunding #EmployeeBenefits #GlobalWorkforce
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Brazil's Koin achieves a positive EBITDA Q4 '23, targets full-year '24. With a 75% BNPL approval rate and daily 400 transactions, it aims to double credit volume amidst Brazil's favorable rates. #FintechGrowth #BNPL #CreditExpansion
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4MDG lands R$3.8M for AI-powered MDM, led by BR Angels & Darwin Startups, targeting new features, market growth, and a data management academy. They aim for a sixfold revenue boost by 2027. #AI #DataManagement #VentureCapital
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OpenAI's board restructuring stalls as it launches Sora, challenging AI video market leaders. Governance & transparency issues persist amid expansion. #OpenAI #AI #CorporateGovernance
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Mexico's fintech sector hits 990 firms with an 18.4% 5-yr growth. VC backs 75% of open finance startups signaling strong market impact. #MexicoFintech #OpenFinance #VCInvestment
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ProducePay raised $38M in Series D for global expansion, reducing waste with efficient trade programs that cut rejection rates by 90% and CO2 by 356 tons. #AgriTech #SustainableFarming #GlobalExpansion
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Lambda hits $1.5B valuation with a $320M Series C led by Thomas Tull’s fund, backed by B Capital, SK Telecom, T. Rowe Price, among others. Its AI cloud services draw heavy investments, with clients like Microsoft and Amazon. #Lambda #AI #CloudComputing
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OpenAI's Sora transforms text into minute-long videos with dynamic characters and scenes, despite some physics simulation issues. Under review and limited creator access for refinement. #OpenAI #AIvideo #Sora
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Zendesk acquires Klaus, boosting its AI quality management for CX, promising full-service interaction analysis, enhanced agent performance, and higher customer satisfaction. #Zendesk #CustomerExperience #AI
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Google's 'Goose' AI assistant, based on Gemini, streamlines coding, signaling cost cuts and less need for some engineering roles. #GoogleGoose #AI #TechEfficiency
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OpenAI, powered by Microsoft, challenges Google with AI-driven web search leveraging Bing. With ChatGPT's growth and strategic talent acquisition, the tech giants contest search ad revenue and AI market share. #OpenAI #AICompetition #SearchInnovation
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Meta cuts WhatsApp fact-check funding, risking misinformation rise amid key elections. Concerns mount over platform's role in public discourse and democracy. #Meta #WhatsApp #Elections
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Databricks CEO Ali Ghodsi advocates for LLMs to integrate real-time data with RAG, enhancing security and accuracy, amid a volatile AI chip market and uncertain tech dominance. #AI #DataSecurity #TechTrends
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Salesforce Ventures leads a funding round in Nvidia GPU reseller Together AI amid soaring demand for AI chips. Together AI shows strong growth, strategic AI model improvements. #AI #VentureCapital #TechTrends
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Bitso to push for crypto regulatory clarity in Mexico, targeting tax legislation and intellectual property laws, aiming to safeguard its 4M users with a focus on self-regulation and secure growth. #CryptoRegulation #Bitso #MexicoTech
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Wayra invests in GrabrFi to scale fintech services in Latin America, enabling non-residents to open U.S. accounts. With a $45M volume in '23, the initiative aligns Wayra with global digital finance growth. #Fintech #Wayra #GlobalBanking
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