Feed Items
Cryptocurrency users and platforms in 48 jurisdictions will reportedly begin to be impacted by the Crypto-Asset Reporting Framework (CARF) on Jan. 1, 2026.
CARF requires platforms to gather more detailed customer information, verify tax residency and report users’ balances and transactions each year to their domestic tax authorities, Cointelegraph reported Tuesday (Dec. 30).
Tax...
Artificial intelligence (AI) has begun to transform accounting by automating routine tasks such as data entry, transaction classification, reconciliations and document review while leaving strategic judgment and interpretation to human professionals.
What’s emerging is an accounting profession where AI handles repetitive work efficiently, human accountants focus on higher-value...
Scams involving bitcoin ATMs reportedly took $333.5 million from Americans from January through November, up from about $250 million in 2024.
Fraudulent transactions using cryptocurrency kiosks have seen a “clear and constant rise,” an FBI spokesperson told ABC News in a report posted Tuesday (Dec. 30).
Bitcoin ATMs have become attractive tools for fraudsters because these machines can...
New consumer privacy laws go into effect Thursday (Jan. 1) in Kentucky, Indiana and Rhode Island, each holding implications for banks, FinTechs and merchants. Together, they add to the growing patchwork of state-level privacy regimes payment processors must navigate, imposing new burdens on compliance departments.
The net effect, according to TrustArc, is that processors need to move...
Nvidia is reportedly in advanced discussions to acquire Israeli artificial intelligence (AI) startup AI21 Labs.
The company is among the few startups in Israel working on a large-scale language model for artificial intelligence, Israeli tech publication Calcalist reported Tuesday (Dec. 30).
The report says the deal could be valued at between $2 billion and $3 billion, up from AI21’s...
Venture capital firms reportedly expect enterprises to spend more on artificial intelligence in 2026 while also concentrating that spending on fewer contracts.
After testing AI tools for a few years, enterprises are ready to focus on the ones that have delivered results, TechCrunch reported Tuesday (Dec. 30), citing its survey of 24 VCs.
The areas in which some of the VCs said they...
Earlier this year, private equity firm Onyx Partners announced plans to buy 117 JCPenney stores.
But that $935 million deal, which Onyx said it is working to close, has been delayed multiple times, leading to speculation that it might fall apart, according to multiple published reports Tuesday (Dec. 30).
The stores in question are owned by Copper Property CTL Pass Through Trust, which...
SoftBank completed its promised $40 billion investment commitment to OpenAI, CNBC reported Tuesday (Dec. 30), citing unnamed sources.
The Japanese investment firm last week gave the artificial intelligence startup a final payment of $22 billion to $22.5 billion, the report said. SoftBank had previously syndicated $10 billion and invested $8 billion in OpenAI. This finalized investment...
Big Tech is closing the year with continued momentum as companies push artificial intelligence deeper into products, infrastructure and monetization strategies.
Meta’s acquisition of Manus adds millions of paying users and signals a sharper focus on subscription-based consumer AI, while Google, Amazon and Microsoft are rolling out new models and platforms across edge computing, smart...
Chinese artificial intelligence (AI) startup MiniMax reportedly aims to raise over $600 million in an initial public offering (IPO) in Hong Kong.
The company may start taking investor orders as early as Wednesday (Dec. 31) for a listing in January, although the size and timing of the deal could change, Bloomberg reported Tuesday (Dec. 30), citing unnamed sources.
MiniMax declined to...