Alerts
Euro-pegged stablecoin project Qivalis has received permission from the Dutch central bank to operate as an electronic money institution. The authorization from the De Nederlandsche Bank (DNB), announced Wednesday (Oct. 14), places the company under direct, ongoing supervision by DNB and fulfills a ...
OpenAI’s infrastructure and compute businesses have a new leader, Bloomberg reported Wednesday (Oct. 14). The artificial intelligence company appointed its chief technology officer for compute, Uday Ruddarraju, to head both the infrastructure and compute businesses. The previous head of the infrastr...
Artificial intelligence (AI) agents are knocking at JPMorgan Chase’s door, and CEO Jamie Dimon is not letting them in. The bank will not allow unvetted outside AI agents into its systems, Dimon said Tuesday (Oct. 13) on JPMorgan’s third-quarter earnings call, PYMNTS reported. “You don’t want rogue a...
A small business can have a warehouse full of merchandise, a growing order book and packages moving toward customers, and still struggle to qualify for financing. The problem isn’t that the business lacks money-making potential. It’s that traditional underwriting can struggle to distinguish between ...
Consumers have kept the economy moving without a boost in confidence about where it is headed. The Federal Reserve’s October Beige Book, released Wednesday (Oct. 14), found economic activity increased in nine of its 12 districts, but consumer spending showed less momentum, depending on where one loo...
Senior partners at global law firm Freshfields have discussed making its in-house legal technology unit, Freshfields Lab, a separate company that could be opened to external investors, the Financial Times reported Wednesday (Oct. 14). The senior partners believe the unit, which develops artificial i...
Gift shoppers usually know who they are buying for and what they can spend. What they do not know is which product to pick. Kohl’s is betting that a conversation closes that gap faster than a search box. The retailer launched a Gift Finder for Mother’s Day this April. Built with Google Cloud’s Gemin...
The guardrails put in place by the European Union’s AI Act are capable of meeting the risk posed by rogue artificial intelligence agents, EU tech chief Henna Virkkunen told Reuters in an interview published Friday (Oct. 9). “We see that the safety and security of very capable models is a very hot to...
American third-quarter corporate earnings are reportedly set to jump on the strength of artificial intelligence. That’s according to a report Friday (Oct. 9) by Reuters, which noted that investors are both enthusiastic about this surge but concerned about its longevity. Analysts are expecting a roug...
Like many industries, scamming is getting an artificial intelligence-powered upgrade. That’s according to a report Saturday (Oct. 10) by Bloomberg News, citing data from the Global Anti-Scam Alliance estimating victims lost $442 billion across 42 countries last year, more than some valuations for th...
New Federal Reserve data shows wealth gains cooling among American families amid a spike in loan delinquencies. Released Friday (Oct, 9) the Fed’s latest Survey of Consumer Finances (SCF) covers the years 2022 to 2025, a period in which the gross domestic product grew at an annual rate of around 2.5...
Microsoft’s CEO says companies should assume powerful artificial intelligence models could be compromised and create an “emergency brake” to rein them in. In comments posted to X on Saturday (Oct. 10) Satya Nadella argued that it is not enough to depend on assurances from the makers of AI models. “W...
