Accel announced on Tuesday that it raised $5 billion in fresh capital to back late-stage companies building AI.

Pillar hopes to offer sophisticated, institutional-grade tools to small and medium-sized enterprises. "Our goal is to make hedging as accessible and ubiquitous as payments or accounting software," he said.

IBM entered into a $17 million settlement agreement on Friday with the U.S. DOJ over allegations that it engaged in “illegal DEI practices.”