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Every Oscars season, Hollywood celebrates “human artistry” while quietly adopting whatever tech makes the deadline less terrifying. This year, artificial intelligence (AI) is the newest crew member: it doesn’t need a trailer, and it definitely won’t complain about craft-services hummus. The only catch? Nobody wants it walking the red carpet.
The Academy’s Neutrality Is a Choice
In a...
Inscope raised $14.5 million in a Series A funding round to increase the adoption and the capabilities of its artificial intelligence (AI)-powered financial reporting platform designed for use by both enterprises and their accounting firms.
The round brings the company’s total funding to $18.8 million, including the $4.3 million it raised in a seed round announced in June 2024.
Inscope...
First Citizens BancShares is looking to make acquisitions that will give it the scale needed to deal with the additional regulations that come into effect when a bank reaches $250 billion in assets, Bloomberg reported Friday (Feb. 20), citing unnamed sources.
The bank had $230 billion in assets at the end of December, according to the report.
Because of the additional regulations that...
For the last two years, enterprise artificial intelligence has been stuck in the assistant phase, a world of smarter emails and faster document summaries that boosted individual productivity but left core business logic untouched.
Now, the novelty of the chatbot is giving way to the utility of the agent.
The industry is pivoting from generative AI to agentic AI, reorganizing around...
Saks Global received court approval Friday (Feb. 20) for a $1 billion bankruptcy loan, Reuters reported Friday.
The financing had been held up by vendors’ concerns that they may not get paid for goods they shipped to the luxury retailer before it declared bankruptcy, according to the report.
Saks Global resolved those concerns before the court hearing, and the judge then approved the...
Consumers continue to shoulder the expansion of the U.S. economy, even as late-year data reveal a more deliberate spending posture and a softer pace of overall growth.
Income Growth Moderates as Spending Holds
The Bureau of Economic Analysis data for December, released Friday (Feb. 20), showd personal income rising 0.3% month over month, while personal consumption expenditures advanced...
Ripple CEO Brad Garlinghouse thinks there is a 90% chance the CLARITY Act will be signed into law by the end of April, he said in a Thursday (Feb. 19) interview on Fox Business.
“The White House is pushing hard on this, and I think that is a big reason why it will get done,” Garlinghouse said. “It needs to get done for U.S. leadership.”
Conceding the bill is not perfect, Garlinghouse...
Telecom operators’ relationship with artificial intelligence (AI) is now defined by results, not rhetoric. Nvidia’s 2026 State of AI in Telecommunications survey, which polled more than 1,000 industry professionals globally, found that 90% of operators say AI is driving positive return on investment (ROI) and boosting both revenue and cost efficiency, while 89% plan to increase AI spending in the...
Global business platform Square continues to expand its partner ecosystem and now has almost 1,000 partners in its Square App Marketplace and its Square Specialists directory, the company said in a Thursday (Feb. 19) press release.
The company’s partners offer tools that sellers can access on the marketplace and integrate with Square to help them optimize their business, according to...
OpenAI’s effort to develop artificial intelligence-powered devices involves more than 200 people, The Information reported Friday (Feb. 20), citing unnamed sources.
The team is working on devices that include a smart speaker, smart glasses and a smart lamp, according to the report.
OpenAI plans to release the smart speaker first, no earlier than February 2027, the report said. The...