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Earnings Season Finds AI Edge in Lending
Anywhere you looked, from mid-April to this week, as earnings season stretched out over the weeks, it was impossible not to hear and read about the impact of artificial intelligence (AI). The recent s...

Samsung Wallet Adds ‘Tap to Transfer’ Feature for P2P Payments
Samsung Wallet in the U.S. now simplifies peer-to-peer (P2P) payments with the help of Visa Tap technology and the Visa Direct money movement solution. With the launch of this Samsung Tap to Transfe...

Tradeverifyd Raises $4 Million for Supply Chain Risk Management Platform
Supply chain risk management platform Tradeverifyd raised $4 million in new funding. The financing, from SJF Ventures, will help Tradeverifyd invest in its go-to-market team to meet the demand for its...

Apollo Launches $785 Billion AUM Tokenized Credit Fund ACRED on Solana DeFi With Drift Institutional and Kamino Finance
Apollo Global Management, which manages $785 billion in assets under management (AUM), is launching its tokenized credit fund, ACRED, on the Solana blockchain...

Google Unveils AI Tools to Help Brands, Retailers Drive Commerce Growth
Google on Wednesday (May 21) unveiled a slew of artificial intelligence (AI)-powered tools to help brands drive growth in shopping and ad effectiveness. “The future of advertising fueled by AI isn�...

Whoops: Chicago Sun-Times Publishes ‘AI’ Generated ‘Summer Guide’ Full Of Made Up Recommended Books, Nonexistent People
The rushed adoption of half-cooked automation in America’s already broadly broken media and journalism industry continues to go smashingly, thanks for asking. U.S. media companies have long been at ...

OpenAI Texas Data Center Lands $11.6 Billion in Funding Commitments
One of OpenAI’s future data centers has reportedly secured $11.6 billion in funding commitments. The center, set to become the ChatGPT maker’s largest, is being constructed in the Texas community ...

Hong Kong advances stablecoin legislation introducing new rules for issuers
Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng c...

Circle Seeking at Least $5,000,000,000 for Coinbase Acquisition, Potentially Nixing IPO Plans: Report
Ripple and Coinbase have both reportedly participated in informal talks to acquire the stablecoin issuer Circle. Fortune, citing four anonymous banking and private equity executives, reports that Circ...

Target Reports Sales Drop as Consumers Focus on ‘Needs-Based Categories’
Target reported a 3.8% decrease in comparable sales for the first quarter and said it expects to see a low single-digit decline in sales for fiscal 2025. “In the first quarter, our team and our busi...