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The Latest Breaking News from Brex

The first big winners in the race to create AI superintelligence: the humans getting multi-million dollar pay packages

Despite the pessimism about job security in the AI era, one tiny group of humans has become extraordinarily valuable: Those creating AI.

95% of finance leaders say their roles have expanded beyond traditional functions

95% of finance leaders say their roles have expanded beyond traditional functions

The traditional remit of a CFO has greatly expanded.

Exclusive: Savvy Wealth closes Series A at $26.5 million

Savvy has raised $15.5 million in an additional round led by Canvas Ventures, closing the startup’s Series A at $26.5 million, Fortune can exclusively report. Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures, all existing investors, also participated in the round.

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An expensing firm CFO just revealed how remote work changes employee perks

For proof, take a look at the $21,000 VIP dinner, $350 haircut, and Taylor Swift concert tickets that workers got reimbursed last year.

Former Brex duo raises $5 million for new, pre-revenue A.I. agent startup meant to help fintech teams scale

AJ Asver and Miguel Rios-Berrios closed the round for Parcha AI in mid-July—a mere two months after publicly launching the company.

Mercury has attracted depositors after SVB fell. But can it keep them

Mercury CEO Immad Akhund says business has never been better, but some wonder if the new money is “sticky.”

The long, strange history between Credit Suisse and UBS

The two banks have a long history of not getting along.

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‘A huge disruption’: Startups worldwide gird for life after SVB

Quang Hoang, the co-founder of a startup called Birdly Inc., spent his Monday refreshing the website of Silicon Valley Bank every hour. His San Francisco-based mentoring startup had about $10 million deposited with the now-failed financial institution, patronized by a large portion of the country’s most promising tech companies. But…

Tribune News Service

Remote work has given the corporate offsite a new purpose

Remote work has given the corporate offsite a new purpose

Remote-first employers use company offsites to build connections and camaraderie among a dispersed workforce.

Where startups are cutting spending, in 3 charts

Where startups are cutting spending, in 3 charts

Consulting expenses are up and marketing spending is down, according to data from Brex based on 10,000 businesses.

The World's 10 Youngest Billionaires 2022: Cryptocurrency And Fintech Names Lead The Newcomers

The World's 10 Youngest Billionaires 2022: Cryptocurrency And Fintech Names Lead The Newcomers

There are 2,668 billionaires worldwide, according to a new report from Forbes. Among the list is a diverse range of men and women with an age range of 19 to 100.

People

Mark Zuckerberg

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Silicon Valley Bank

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