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China's Central Bank Tells Ant Group To Concentrate On Payments Business

PYMNTS

The regulations will mean that Ant, one of the most valuable startups in the world, will have to rein in its inroads into lucrative areas of business. Ant said it appreciated the bank's statements and would work toward complying, including putting together a timetable and plan of action, WSJ writes.

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Apple Buys AI Voice Assistant Startup To Make Siri Smarter

PYMNTS

Siri is getting an assistant by way of the artificial intelligence startup Voysis , which Apple acquired to improve natural language technology, according to a Bloomberg report on Friday (April 3). . Headquartered in Dublin, Voysis has been concentrating its efforts on enhancing digital assistants that are integrated with shopping apps.

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The Three Stages of Building a Strong Finance Function for Your Startup

The Finance Weekly

A startup usually can't afford to establish a complete finance organization with accountants, controllers, planners, and tax specialists right from the beginning. To establish an effective finance function for a startup, the process can be divided into three stages.

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China Powers Up Strategy To Entice Tech Startups

PYMNTS

The original plan concentrated on bigger firms, and fizzled after Alibaba and others “dragged their feet.” . The new rules will cover startups, as well as companies with international listings. New rules from regulators are expected soon, sources told WSJ.

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Snap Buys UK Tech Startup Ariel AI, Signaling Push Into AR

PYMNTS

Ariel AI had been concentrating on a type of AI called computer vision, which is used to develop augmented reality (AR) functionalities, CNBC reported. Snap told the outlet that the AR startup’s workforce became part of its computer vision personnel in London at the end of last year. Ariel AI had landed $1.1

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Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI Voice Assistant Startup Voysis

PYMNTS

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice assistant startup Voysis. Apple Buys AI Voice Assistant Startup To Make Siri Smarter. Wells Fargo To Cap SMB Bailout Loans at $10 Billion. Siri is getting an assistant, sort of.

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Traditional Healthcare Is Going Under The Knife Of Disruption

PYMNTS

From telehealth to new financing options for patient treatments to big retailers like Walmart , Walgreens and CVS mashing up retail with healthcare, everyone from startups to incumbents are using the pandemic as an opportunity to disrupt — and reinvent — healthcare. Here’s a look at some of the latest developments.