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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Sam Altman Floats Industrywide Pause as Frontier AI Safety Concerns Grow
1+ day, 23+ hour ago (403+ words) OpenAI CEO Sam Altman told employees in a company-wide meeting that the firm is considering slowing down its development of cutting-edge artificial intelligence, Bloomberg reported Friday (Sept. 11), citing unnamed sources. Altman said that he hopes other AI labs will join…...
Apple Enables One-Tap Gift Card Redemption in Upcoming iOS Update
1+ day, 6+ hour ago (228+ words) Apple’s upcoming mobile operating system, iOS 27, will enable users to redeem Apple gift cards by tapping them on a compatible iPhone, MacRumors reported Wednesday (Sept. 9). The iPhone will scan a security chip in Apple’s gift cards to verify that the…...
AI Startup Cohere Targets $20 Billion Valuation in Funding Round
1+ day, 7+ hour ago (342+ words) Artificial intelligence startup Cohere is in advanced talks to raise between $2 billion and $3 billion at a valuation of $20 billion, The Globe and Mail reported Friday (Sept. 11). The deal could close as soon as next week, although it has not been…...
Nvidia Becomes the World???s Most Active $100 Million-Plus VC Investor
1+ day, 9+ hour ago (478+ words) AI is collapsing the walls between venture capital and infrastructure finance. Nvidia’s rise to the top of the $100M-plus funding round leaderboard shows that startups are increasingly being financed alongside the compute, power and data centers they need to scale....
Jensen Huang Predicts New AI Models Will Drive Massive Cybersecurity Demand
2+ day, 5+ hour ago (318+ words) Cybersecurity will be the artificial intelligence industry’s next big market, in part because of the capabilities of new AI models set to be released by AI labs, Nvidia Founder and CEO Jensen Huang said Thursday (Sept. 10). Because those who can…...
Identity Verification Provider IDScan.net Discloses Data Breach
2+ day, 10+ hour ago (379+ words) IDScan.net, a provider of identity verification models, has posted a notification of data security incident on its website. In the notification, IDScan.net said it received information on or around Sept. 1 that some of its data may have been…...
Intermezzo Raises $10 Million for Payroll Automation Platform
2+ day, 11+ hour ago (394+ words) The startup, founded by two veterans of Intuit, automates payroll for human capital management (HCM) platforms, Intermezzo said in a Thursday (Sept. 10) news release. These platforms often have no localized payroll capabilities in most international markets, requiring them to work…...
US Justice Department Examines Nvidia???s $17 Billion Groq Deal
2+ day, 12+ hour ago (478+ words) According to Reuters’ account of the New York Times report, the Justice Department began examining the arrangement shortly after it was announced in December and subsequently issued Nvidia a formal request for information. The investigation is focused on whether the…...
OpenAI Cuts Off Rivals??? Ads on ChatGPT
2+ day, 13+ hour ago (592+ words) OpenAI cut off ChatGPT ads for any product that competes with its own image and audio tools, and Adobe found out the hard way, losing the ability to promote its Firefly image generator without warning. OpenAI just shipped ChatGPT Images…...
BIS Executive Warns Disappointing AI Returns Could Trigger Global Downturn
2+ day, 15+ hour ago (336+ words) The artificial intelligence investment boom poses potential risks to global financial stability, Bank for International Settlements General Manager Pablo Hernández de Cos said Thursday (Sept. 10). “The concern is straightforward,” de Cos said. “Should the returns to AI disappoint, a pullback…...