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News
Apollo Economist Says AI Affecting Wages More Than Employment
19+ min ago (428+ words) Artificial intelligence is affecting the labor market, though not in the way people might think. That’s according to Torsten Slok, Apollo Global Management’s chief economist, who told Bloomberg News on Saturday (Aug. 22) that the impact of AI can be seen…...
Anthropic Customers Switch to Cheaper Models Ahead of IPO
40+ min ago (490+ words) That’s according to a report Sunday (Aug. 23) by the Financial Times (FT), which contends that this development among the startup’s U.S. customers raises questions about Anthropic’s aggressive spending ahead of what is expected to be the largest public offering…...
Your AI Notetaker Would Like a Word
1+ day, 14+ hour ago (298+ words) The arrangement looked manageable when the notetaker appeared on the participant list. Someone could see the bot, ask whether everyone consented or toss it into the virtual parking lot. Now the bot has escaped the screen. As attorneys Gregory C. Brown…...
Fifth Third Backs Payload???s Embedded Payments Expansion
1+ day, 22+ hour ago (309+ words) Payload was founded in late 2019, processed its first payment in January 2020 and processed nearly $500 million in May alone, according to the release. The company has become a leading processor of earnest money deposits for the residential real estate market in…...
Standard Chartered and HSBC Complete First Interbank Transaction on Swift's Blockchain-Based Ledger
1+ day, 23+ hour ago (259+ words) By doing so, it marked a milestone in the use of tokenized deposits by regulated financial institutions to issue, transfer, record and settle tokenized deposits through Swift’s blockchain-based ledger, the release said. Lewis Sun, head of digital currencies at HSBC,…...
One AI Agent, 2,395 Payments. Still No Final Say
1+ day, 23+ hour ago (71+ words) Visa is building a similar Trusted Agent Protocol, PYMNTS has reported, letting a merchant confirm it is dealing with an approved agent and cryptographically linking that agent to the payment details being used. One AI Agent, 2,395 Payments. Still No Final…...
Apollo Global Management Hit by Social Engineering Attack and Data Breach
2+ day, 50+ min ago (331+ words) Apollo Global Management disclosed Friday (Aug. 21) that it suffered a social engineering attack that led to a data breach. The company has no evidence that the information has been publicly posted or used for identity theft or fraud. The investigation…...
Card Processors Add New Rails as Customers Go Global
2+ day, 1+ hour ago (652+ words) Larger and multinational programs are broadening what issuer processors are being asked to support across products, rails and markets. Card processing remains the core business, but platforms are adding credit, risk and other payments services to expand what they can…...
Nvidia Pays $6 Billion to License Poolside AI Model-Development Software
2+ day, 4+ hour ago (314+ words) The Newcomer post is based on a Poolside letter to investors, according to the report. Nvidia will also invest $1 billion in Poolside at a $12 billion pre-money valuation, and Poolside’s three co-founders will remain with the company. The letter said the…...
AI Jobs Are Booming for Gen Z, Not Everyone
2+ day, 5+ hour ago (482+ words) Artificial intelligence has not been around long enough to reward seniority the way most fields do, and that gap is starting to show up in who gets hired. Generation Z accounted for 69% of new hires for two of the highest-paying…...