JPMorgan could take over Goldman's Apple Card business | TechCrunch
JPMorgan Chase is in talks to take over the Apple Card business from Goldman Sachs, The Wall Street Journal reports.
Goldman has issued credit for the Apple Card since its launch in 2019, but the Wall Street and Silicon Valley giants have been trying to untie their partnership since last year. In 2023, Goldman decided to abandon its push into consumer banking, including the $17 billion Apple Card program, because it was seen as a distraction from its core business.
Goldman and Apple reportedly approached multiple lenders about becoming the credit card’s new backer, including American Express. Some of those deals were held up due to the Apple Card’s high loss rate, which may cause Goldman to sell the business to JPMorgan for less than its face value.
23andMe, the personal genomics company, went public in early 2021 via a merger with a blank check company that valued it at $3.5 billion. Then its fortunes began to sink.…
California Governor Gavin Newsom said there are 38 bills on his desk that would create laws around artificial intelligence on Tuesday, but one looms larger than all of them: SB…
Amazon has named long-time executive Samir Kumar as the new head of its India consumer business, a month after its domestic business’ head resigned.
Al Gore has enjoyed a very successful career, including as a U.S. senator, U.S. Vice President, U.S. presidential nominee, and even Nobel Peace Prize winner in 2007 for “informing the…
On Tuesday, California Governor Gavin Newsom signed some of America’s toughest laws yet regulating the artificial intelligence sector. Three of these laws crack down on AI deepfakes that could influence…
NASA wants to establish a permanent human presence on the moon, but right now, astronauts have to be in direct line of sight with Earth to phone home. The space…
JPMorgan Chase is in talks to take over the Apple Card business from Goldman Sachs, The Wall Street Journal reports. Goldman has issued credit for the Apple Card since its…
Featured Article
Why United chose SpaceX’s Starlink to power its free Wi-Fi
Late last week, United Airlines announced that it signed an agreement with Elon Musk’s SpaceX to bring its Starlink internet service to its entire fleet and — for the first time — offer free Wi-Fi to all passengers. To dig a bit deeper into why United went with Starlink, what…
Every month, 400,000 free members upgrade to paid memberships, the company says. According to Patreon, Autopilot improved the rate of free-to-paid membership upgrades by an average of 19% in testing.
Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today. According…
Neuralink, the Elon Musk-owned brain-computer interface company, on Tuesday received “breakthrough device” clearance from the FDA. But this does not mean the outfit has developed a cure for blindness, no…
Users will be able to download their data or migrate their account to another Mastodon instance, if they choose.
Mistral AI launched a new free tier to let developers fine-tune and build test apps with the startup’s AI models, the company announced in a blog post Tuesday. The startup…
Ursa Major, a startup that produces rocket motors through 3D printing, received a $12.5 million grant to develop new solid-fuel rocket engines.
AWS’ weird AI-powered keyboard experiment, DeepComposer, is no more. In a blog post today, the company announced it’s shutting down the 5-year-old DeepComposer, a physical MIDI piano and AWS service…
Snap, Snapchat’s parent company, is expanding its suite of AI tools for creators. At this year’s Snap Partner Summit in Santa Monica, California, Snap announced a new feature, Easy Lens,…
At Tuesday’s annual Snap Partner Summit, the Snapchat maker unveiled new tools for creators designed to bring its app more in line with its competitors, like TikTok and Instagram. The…
At its annual Snap Partner Summit on Tuesday, Snapchat announced that it’s introducing a new AI video-generation tool for creators. The tool will allow select creators to generate AI videos…
Snapchat is rolling out a simplified version of the app to some users, the company announced on Tuesday during its Snap Partner Summit, as part of a test to make…
At its annual Snap Partner Summit on Tuesday, the Snapchat maker announced a series of new AI features coming to its app. Most notably, the app’s My AI chatbot is…
Just a day after third-party app stores were officially allowed on the iPad in the European Union, Epic Games announced on X that the Epic Games Store can now be…
Tuesday’s announcement follows IBM’s $4.3 billion acquisition of Apptio in 2023, another company in the FinOps space.
Google says that it plans to roll out changes to Google Search to make clearer which images in results were AI generated — or edited by AI tools. In the…
With iOS 18, users can replace the default camera app on the lock screen with a third-party app. Halide and Obscura — two popular camera apps designed as alternatives to…
A joint pilot by Apian, Alphabet’s drone company Wing, and the U.K.’s NHS will see drones used to fly urgent blood samples between two hospitals in London.
We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages —…
