venture capital

Revolut CEO confident of UK banking license approval as fintech firm posts record $545m profit

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Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The chief executive of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of getting a British banking license, as the company reported record pre-tax profits for the year thanks to … Read more

‘Godfather of AI’ emerges from stealth to support start-up of CO2 capture

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Since dramatically quitting Google last year, Geoffrey Hinton, better known as the “Godfather of AI,” has been a harbinger of doom for how the emerging technology could impact humanity. But more than a year later, the former Googler and AI naysayer is again betting on the technology’s ability to transform the world for the better. … Read more