Feed Items
Criminals are using artificial intelligence in combination with websites, social media and other tools to carry out scams and other malicious operations, OpenAI said Wednesday (Feb. 25) in its latest threat report.
One of the latest threats the company disrupted involved an individual connected to Chinese law enforcement who tried to use its AI model to plan covert influence operations...
Interoperability in crypto payments has long been discussed as a technical aspiration. Over the past several months, it has started to look more like a commercial necessity.
As stablecoins and digital wallets enter mainstream commerce, financial institutions and their executives are no longer asking whether blockchain will play a role in payments. They are asking how to connect...
Home improvement company Lowe’s saw growth in its Pro, online and Home Services businesses in the fourth quarter while the do-it-yourself business remained muted.
Consumers remained reluctant to make significant investments in their homes amid the current economic uncertainty, so they continued to delay big-ticket, discretionary DIY projects, Lowe’s Chairman, President and CEO Marvin...
About a hundred years ago, so the story goes, F. Scott Fitzgerald, chronicler of the Jazz Age, turned to Ernest Hemingway and remarked, “The rich are different from you and me.”
To which fellow author Hemingway supposedly replied: “Yes. They have more money.”
The story resonates with a quarter century of the new millennium under our collective belts, but in the world of commerce, there...
While everyone is worried about AI’s ability to write everything from term papers to publication-ready journalism, it was a human writing about AI that rocked the markets. But as with many things surrounding artificial intelligence, a moderate approach is emerging.
Citrini Research’s Sunday (Feb. 22) Substack essay, “The 2028 Global Intelligence Crisis,” ricocheted through markets this...
New research from the Wharton School at the University of Pennsylvania suggests that artificial intelligence (AI) can significantly improve learning outcomes, but only when its assistance is structured rather than fully on demand.
The study, published on Tuesday (Feb. 24) by Knowledge at Wharton, examined how different forms of AI influence long-term skill development. In a three-month...
Updating the banking core has traditionally been viewed as akin to docking a cruise ship, with modernization serving as shorthand for incrementalism. Digitize the front end, bolt middleware onto aging cores and keep the balance sheet insulated from technological risk.
But JPMorgan Chase’s decision to spend roughly $19 billion to $20 billion annually on technology, revealed Monday (Feb...
Revolut is among four companies being tapped to test stablecoin use in the U.K.
The London-based FinTech has been chosen to take part in the Regulatory Sandbox program, which lets companies trial stablecoin products in real world settings with proper safeguards, the Financial Conduct Authority (FCA) announced Wednesday (Feb. 25).
“We are supporting UK stablecoin issuers to ensure they...
Paypal has formed a partnership with Rainforest, an embedded payment provider focused on software platforms.
The collaboration will see the companies launch an embedded payment integration to help software platforms move more processing volume away from offline methods of payments such as cash and checks, Rainforest announced Wednesday (Feb. 25).
Checks are still written by 61% of...
Investment company General Atlantic is reportedly selling an equity stake in ByteDance valuing it at $550 billion.
That’s according to a report Wednesday (Feb. 25) from Reuters, citing sources familiar with the planned share sale at the Chinese tech giant.
According to the report, the potential divestment would be the first since the U.S. government cleared the sale of the U.S....