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Southeast Super App Grab consolidates financial offerings under new brand GrabFin

Grab Financial Group, has launched a new brand, GrabFin, for its digital payment, insurance, lending and wealth management offerings. With GrabFin, Grab users will be offered a single entry point to access payment, investment and insurance services on the Grab app. Following its launch in Singapore and Malaysia, the GrabFin brand will be progressively rolled out in other Southeast Asian markets in the coming months.

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Neon triples revenue in quest to become the biggest bank for Brazil’s working class

May 26, 2022

Neon was founded specifically with the mission of decreasing inequality in Brazil, which is known for having a large gap between the wealthier members of its population and lower income residents. Its focus is on the underbanked population of the Brazilian working class. In February, Neon raised a $300 million Series D financing that valued the company at $1.6 billion, officially giving it unicorn status.

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Meta Releases Lying, Offensive AI and Pretends to Be Surprised

November 23, 2022

Like trouble, bad behavior by Meta shows up whether you look for it or not.  The latest is an open-source language model that was supposed to provide reliable search results because it was trained on academic papers.  Alas, it was quickly withdrawn after reviewers found that it returned results that were grammatical and plausible but also incorrect, not to mention filled with “antisemitism, homophobia, and misogyny.”  How can this be a surprise?

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