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OpenAI reportedly continues to lead Google in the race for consumer AI usage.
As Seeking Alpha reported Saturday (Oct. 18), OpenAI announced at its recent developer day that its API platform was processing 6 billion tokens each minute, up 20 times across the last two years. The company also said that its artificial intelligence (AI) model ChatGPT had exceeded 800 million weekly active...
China’s tech giants have reportedly halted plans to issue their own stablecoins following regulatory concerns.
Companies such as JD.com and Ant Group had been planning to take part in Hong Kong’s pilot stablecoin project or issue virtual asset-backed products, like tokenized bonds.
But as the Financial Times (FT) reported Saturday (Oct. 18), sources say that regulators such as the...
The former chief financial officer for Builder.ai has reportedly been subpoenaed by American prosecutors.
Andres Elizondo, ex-finance chief for the collapsed artificial intelligence (AI) startup, was called to appear before a grand jury in Manhattan last month, the Financial Times (FT) reported Sunday (Oct. 19), referring to a subpoena seen by the news outlet.
According to the report,...
Gift cards are reportedly central to billion-dollar Chinese organized crime operations.
As Bloomberg News reported Saturday (Oct. 18), investigators for the Department of Homeland Security (DHS) say these groups have established a money laundering network that uses U.S. retailers, mobile wallets and cryptocurrency to steal and transfer wealth out of the country.
Operatives within the...
Revolut is reportedly wrapping a $3 billion fundraising effort valuing the FinTech at $75 billion.
The British company has been notifying investors of the allocation of shares they’ll receive from this oversubscribed funding round, Bloomberg News reported Friday (Oct. 17), citing sources familiar with the matter.
Those sources said Revolut conducted the fundraising on its own without...
If you feel like the connected economy has crept from your living room to your litter box, you’re not wrong. The smart home has gone from “lights that turn on when you clap” to “a toilet that makes better nutrition choices than you.” Somewhere between those endpoints, we lost track of the line — and now your shower is on a first‑name basis with Alexa.
The Lay of the Land (and the Lawn...
CVS Pharmacy said it is now serving more than 9 million former Rite Aid and Bartell Drugs patients after completing its acquisition of select assets of the now-closed Rite Aid.
Following Rite Aid’s filing for bankruptcy in May, CVS Pharmacy acquired 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington, as well as the prescription files of 626 former Rite Aid and...
Federal banking regulators’ efforts to reduce regulatory burdens and focus on material risks will save banks a lot of full-time equivalents, PNC Financial Services Group Chairman and CEO Bill Demchak said Wednesday (Oct. 15) during the bank’s quarterly earnings call.
Asked by analysts about the potential tailwind banks could see from these regulatory changes, Demchak said that PNC had...
Fifth Third Bancorp’s third quarter results showed growth in demand deposit accounts, embedded payments and limited exposure to NDFIs.
During the conference call with analysts, CEO Tim Spence took note of the recently-announced Comerica deal and said that “the revenue and expense synergies from Comerica should produce a well-diversified, even more profitable company with even better...
Verily has launched a new consumer health app that includes personalized recommendations and a private artificial intelligence companion.
“We created Verily Me to meet the consumer need for a simpler, more personalized healthcare solution,” Vindell Washington, MD, MS, chief clinical officer at Verily, said in a Friday (Oct. 17) press release. “Verily Me identifies care gaps and...