tech:

taffy

UnionBank of the Philippines partners with Informatica

Informatica has formed a partnership with UnionBank of the Philippines. The collaboration involves UnionBank adopting Informatica’s Master Data Management (MDM) SaaS, transitioning from its current on-premises solution to a cloud-based system.

This initiative is intended to assist the bank in identifying individual customers and their interactions, enabling more personalized services and improving defenses against financial crimes such as money laundering and fraud.

UnionBank’s decision to move to cloud-based solutions comes after its acquisition of Citibank’s retail banking business in the Philippines, adding over 12 million customers.

Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.