PayPal’s AI-driven cybersecurity strategy is yielding fruitful results, bringing in $7.3 billion in revenue during fiscal Q2 2023 and recording a trailing twelve-month revenue run rate of $28.5 billion. Assaf Keren, PayPal’s CISO and VP of enterprise cyber security, credited AI for improving the company’s fraud detection and risk management systems, contributing to an 11% reduction in losses.
Sanofi Pumps $625M Into Venture Arm to Back Breakthroughs in Early-Stage Startups
With the new capital infusion, Sanofi Ventures’ total assets under management now tops $1.4 billion. Our recap of other financings includes startups raising money for
