A display for facial recognition and artificial intelligence is seen on monitors at Huawei’s Bantian campus on April 26, 2019 in Shenzhen, China. Kevin Frayer | Getty Images China’s seemingly unfettered push into facial recognition is getting some high-level pushback. Face-swapping app Zao went viral last weekend, but it subsequently triggered a backlash from media
Finance
DocuSign CEO Daniel Springer. Source: DocuSign Check out the companies making headlines after the bell: Shares of DocuSign surged as much as 22% after the company reported better-than-expected second-quarter revenue and issued strong third-quarter and full-year revenue guidance. That news outweighed DocuSign’s second quarter earnings per share, which fell 3 cents short of Refinitiv consensus
Stripe co-founders Patrick and John Collison Source: Stripe The world’s most valuable private fintech company is moving into a new area of banking: loans. Stripe, valued at $22.5 billion after its last funding round, announced the launch of a lending arm called Stripe Capital on Thursday. The new venture is meant to help online companies
French bank Societe Generale’s headquarters in Paris. Chesnot | Getty Images News | Getty Images Banks must be prepared for interest rates to remain low for a longer time — which will squeeze profitability for lenders, deputy chief executive of Societe Generale said on Thursday. Low interest rates have been one of the biggest challenges
The Slack Technologies logo is seen on a banner outside the New York Stock Exchange (NYSE) during thew company’s IPO in New York, June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Slack plunged 15% in extended trading after the company released its first earnings report