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Artificial intelligence-powered insights, voice ordering, bitcoin payments and a mobile app for small businesses are among Square’s latest offerings for local businesses. Square announced these new products Wednesday (Oct. 8) during the company’s biannual Square Releases product launch event. New intelligence capabilities that have been added to the Square AI conversational assistant...
Nvidia CEO Jensen Huang says his company is investing in Elon Musk’s xAI. The executive confirmed the chipmaker’s participation in xAI’s latest funding round in an interview with CNBC Wednesday (Oct. 8). An earlier report by Bloomberg News said that Musk’s artificial intelligence (AI) startup is aiming to raise about $20 billion, with sources familiar with the matter telling the news...
First came tariffs. Now, the government shutdown is the latest headache facing small businesses. The shutdown is impacting businesses in several ways, while highlighting the number of private sector companies that rely on a federal bureaucracy, The Wall Street Journal reported Wednesday (Oct. 8). “That’s a very scary place to be in as an entrepreneur,” said Brian Butler, CEO of Florida...
Federal regulators are overhauling how they determine when a bank crosses the line from prudent to “unsafe.” In a joint notice of proposed rulemaking Tuesday (Oct. 7), the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) said the change is designed to “promote greater clarity and certainty” in supervision and enforcement. The proposal would...
Alipay+ has announced a tourism-focused expansion of its payments and digital services offerings. “Travel has a significant impact on local economies, and we believe that mobile wallets can be a catalyst for growth, connecting travellers and businesses in more ways than ever,” Douglas Feagin, president of Alipay parent Ant International, said in a Wednesday (Oct. 8) news release. “...
As finance teams and C-suite leaders brace themselves for the hype cycle of innovations like AI and stablecoins, another technological breakthrough is steadily making waves: quantum computing. When the Royal Swedish Academy of Sciences awarded the 2025 Nobel Prize in Physics on Tuesday (Oct. 7) to three pioneers in quantum computing, the headlines were understandably celebratory. Yet...
SoftBank Group plans to acquire ABB’s robotics business for $5.375 billion, saying the move will complement its existing investments in artificial intelligence and robots. Subject to customary closing conditions, SoftBank expects the acquisition to close in mid- to late-2026, the company said in a Wednesday (Oct. 8) press release. The acquisition is part of SoftBank’s growing business...
Payments processor Thredd released an anti-fraud solution developed in tandem with Visa’s Featurespace. One View allows card transactions and non-card payments to be intelligently monitored under a single, network-agnostic interface and rules engine to enhance fraud detection, according to a Wednesday (Oct. 8) press release. “For the first time, FinTechs, banks and other organizations...
Amazon is bringing its pharmacy service to its medical practice. The tech giant is launching Amazon Pharmacy Kiosks, which will be placed in medical offices, allowing patients to pick up prescriptions immediately following their doctor appointments, according to a Wednesday (Oct. 8) news release. “Every year in the U.S., nearly one-third of prescriptions are never filled and half of...
In 1915, a Wall Street analyst named Benjamin Graham saw an opportunity. Guggenheim Exploration was trading as a single stock, but it held shares in multiple copper mining companies worth far more than the parent company’s price. Graham bought the undervalued parent, shorted the overvalued components, and waited. When the structure dissolved, he captured the spread exactly as he had hoped (and...