Acquisition Brazil Fintech Celcoin Acquires Reg+ in Fourth Deal Over Two Years Reg+ technology helps fintechs meet Brazilian regulatory requirements; terms of the deal remain undisclosed. May 10, 2024
Artificial Intelligence Microsoft Microsoft Expands AI Efforts Beyond OpenAI Partnership Microsoft builds its own AI technology, balancing external investments with internal innovation. May 10, 2024
DeepTech Neuralink’s First Human Brain-Chip Implant Faces Challenges Despite Successful Demos Despite initial success, Neuralink encounters issues with implant threads retracting, potentially affecting data capture in their groundbreaking brain-computer interface. May 9, 2024
Chile Colombia Duemint Plans Colombia Expansion and AI Risk Analysis Launch Backed by LarrainVial and Chile Ventures, the fintech will initiate its AI risk analysis model this quarter and expand to Colombia by year-end. May 9, 2024
Artificial Intelligence Security Microsoft and OpenAI Initiate $2M Fund to Combat Election Deepfakes The fund aims to tackle AI-generated disinformation during elections, enhancing voter literacy and resilience against deceptive content. May 9, 2024
Colombia Startups Colombia Records 1,720 Startups in 2023, a 30% Increase From Previous Year Bogotá and Antioquia are home to 80% of these businesses, with significant growth noted across other regions. May 9, 2024
Briefs Deals Inteligencia Artificial Elon Musk’s xAI Startup Poised for $18 Billion Valuation in Imminent Funding Round developer of AI assistant Grok, is expected to close a funding round potentially reaching $6 billion, with Sequoia as a key investor. May 9, 2024
Latin America Latin America’s Subscription Economy Poised for Robust Growth Stripe and PCMI's latest report predicts significant growth in digital subscriptions across varied sectors in Latin America by 2026. May 8, 2024
Brazil Fintech Brazilian Fintech Accounts Surge 77%, Surpassing Population Count A Zetta survey reveals Brazilian fintechs now manage over 251 million individual accounts, driven by diverse consumer benefits. May 8, 2024
Colombia Fintech Bold to Launch New Business Account with Mastercard Free, fully digital business account linked to a Mastercard, accessible to all business sizes. May 8, 2024