Remove Arizona Remove Innovation Remove Management Remove Operations
article thumbnail

Autonomous Delivery Startup Nuro Nets $500M In Funding On $5B Valuation

PYMNTS

Rowe Price Associates, with participation from new investors, including Fidelity Management & Research Company and Baillie Gifford. That vehicle also made headlines for being the first one to drive on public roads in three different states: California, Texas and Arizona. The round was led by funds and accounts advised by T.

Houston 249
article thumbnail

The Innovation Lessons Behind Walgreens’ Breakup With Theranos

PYMNTS

And like Walgreens is now painfully aware, sometimes the mad dash to gobble up innovative startup partners can lead merchants down a dark path. It may have been a long time coming, but Walgreens has, as of Sunday (June 12), officially announced that its operating partnership with Theranos Wellness Centers has been torn up and tossed aside.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Utah’s new regulatory sandbox

CFPB Monitor

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Arizona’s program, in contrast, is administered by the Arizona Attorney General.

Utah 60
article thumbnail

Einride Presses The Pedal On Autonomous Delivery

PYMNTS

The company works in partnership with fleet managers to deploy those vehicles, or sells them outright, and has clients such as supermarket chain Lidl. The money will also go toward helping the company develop partnerships and joint production operations with manufacturers. million trucks on the road across the U.S.

Houston 116
article thumbnail

New Alphabet Boss To Scrutinize High-Tech Ventures?

PYMNTS

It’s not uncommon for new management at a company, upon taking the corner office, to take a look at what he or she has been left. These efforts are grouped inside the unit known as “Other Bets,” which had an operating loss of $3.4 billion operating income reported by Google. billion through the past year.

Google 131
article thumbnail

The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

Fintech 167
article thumbnail

Self-Driving Vehicles Face New Speed Bumps

PYMNTS

The ride-sharing technology provider managed to trim its loss in the second quarter of 2018 , to $891 million from the $1.1 Another survey provides a similar view in the aftermath of the Arizona accident. billion reported for the same period last year — but still more than the $550 million loss reported for the first quarter of 2018.

Arizona 100