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Cryptocurrency traders have reportedly made five-minute bets a big business for prediction market platform Polymarket.
As Bloomberg News reported Sunday (March 15), users can now bet on where the price of bitcoin will be within five or 15 minutes.
In a little more than a month, such bets have become some of the busiest on the website, with up to $60 million changing hands each day,...
ServiceNow’s CEO is warning that college graduates could struggle to find work due to artificial intelligence.
Unemployment for new college graduates “could easily go into the mid-30s in the next couple of years,” Bill McDermott, whose company offers an AI platform for employers, said in an interview Friday (March 13) with CNBC.
“So much of the work is going to be done by agents,” So...
Airlines are reportedly seeing a greater share of revenue from co-branded credit cards.
That’s according to a report Friday (March 13) from Reuters, which says this trend is becoming apparent in the way loyalty programs reward travelers.
The report cited examples of changing rewards policies at high-profile airlines such as Delta and United, the latter of which recently said it would...
ByteDance has reportedly postponed the launch of its new artificial intelligence video-generation model over copyright disputes.
According to several news outlets, and as first reported by The Information on Saturday (March 14), the Chinese tech giant made this decision following pushback from major Hollywood studios and streaming platforms.
PYMNTS has contacted ByteDance for comment...
Meta is reportedly planning layoffs that could impact at least 20% of its workforce.
That’s according to a report Friday (March 13) from Reuters, which noted that the cuts come as the tech giant looks to offset its heavy spending on artificial intelligence infrastructure, while also preparing for what it hopes will be more efficiency from AI-assisted workers.
The company has not set a...
The federal judge in Elon Musk’s case against OpenAI has reportedly questioned the billionaire’s damage claim.
In court on Friday (March 13), Judge Yvonne Gonzalez Rogers suggested the $134 billion Musk is seeking is based on “numbers out of air” but ruled he can continue to press his case to jurors, the Financial Times (FT) reported.
Lawyers for OpenAI had sought to dismiss evidence...
AI-powered “fake worker” scams are reportedly spreading from the U.S. to Europe.
That’s according to a report Sunday (March 15) from the Financial Times (FT), which says these scams typically involve operatives from North Korea using artificial intelligence to pose as workers, land jobs and earn wages at large companies in the United States and Europe.
These scammers infiltrated more...
Chinese startup Moonshot AI is reportedly looking to raise $1 billion in new funding.
That round would value the artificial intelligence company at $18 billion, more than four times its valuation from late last year, Bloomberg News reported Saturday (March 14), citing sources familiar with the matter.
Moonshot, which makes the Kimi chatbot, began talks about this new round after...
Elon Musk says his artificial intelligence startup needs to be rebuilt.
“xAI was not built right first time around, so is being rebuilt from the foundations up,” the world’s richest person wrote on his social media platform X last week.
Meanwhile, The Wall Street Journal (WSJ) reported Friday (March 13) that the rebuilding effort is happening as xAI’s founding team is exiting the...
In the digital economy, not every war is fought over market share. Some are fought over principle, some over pricing and some, let’s be honest, because an adult in a black turtleneck or Patagonia vest simply cannot let that one comment go. Payments, banking and tech are supposed to be the sober plumbing of modern commerce. Yet every so often the pipes start rattling, the founders start sniping...