Stefano Ermon's Inception releases Mercury 2, a diffusion AI model designed to field questions from users significantly faster and more cheaply than its rivals
Stefano Ermon helped pioneer technology that's used by popular artificial intelligence services to generate images and videos.
Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years
In fintech, most companies burn cash chasing growth at any cost, but for us? … Carly Lippman : Almost four years in at Mercury and I'm still so proud of what we're building. Loved seeing our 2025 gro...
Inception, which is building diffusion-based AI models for code and text, raised a $50M seed led by Menlo Ventures and releases a new Mercury coding model
With so much money flooding into AI startups, it's a good time to be an AI researcher with an idea to test out.
a16z releases a report, citing Mercury data, on the top 50 AI companies that startups pay; OpenAI leads, followed by Anthropic, Replit, Freepik, and ElevenLabs
On Thursday, Andreessen Horowitz released its first AI Spending Report in partnership with the fintech firm Mercury.
Google DeepMind says Gemini Diffusion, an experimental text diffusion model demoed at Google I/O and available by waitlist, generates 1,000-2,000 tokens/second
Our state-of-the-art, experimental text diffusion model Jose Antonio Lanz / Decrypt : Google Doubles Down on AI: Veo 3, Imagen 4 and Gemini Diffusion Push Creative Boundaries Matthias Bastian / The De...
Mercury, which helps startups manage their finances, raised $300M led by Sequoia at a $3.5B valuation; the fintech saw $2B in deposits after SVB's collapse
Fintech banking startup Mercury says it has more than doubled its valuation to $3.5 billion after raising $300 million in its latest funding round.
Advertising company Outfront, whose clients include Mercury, Brex, Klarna, and Venmo, says fintech ad spend is up 45%+ YoY on average over the past three years
Teresa Xie / Bloomberg :
Wise, Affirm, Mercury, and other companies say they're investigating how a recent ransomware attack by LockBit on Evolve Bank and Trust impacted their customers
The money transfer and fintech company Wise announced on Friday that some of its customers' personal data may have been stolen …
TabaPay, which offers instant payment services, agrees to acquire assets of banking-as-a-service startup Synapse, after Synapse filed for Chapter 11 bankruptcy
We are excited to announce that TabaPay is acquiring the assets of Synapse. TabaPay, Inc. : TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc. X: Rohit Mittal / @rohitdotmittal : Fo...