Banks Stop Counting AI Hours and Start Counting Returns

Banks Stop Counting AI Hours and Start Counting Returns
Banks Stop Counting AI Hours and Start Counting Returns
October 12, 2026  |  Artificial Intelligence

For years, banks have sold investors on artificial intelligence (AI) with usage counts and hours saved. Few have said how much money it makes; at...

READ MORE >
Meta Adds Memory and Focus to New Frontier Models for Agents
Meta Adds Memory and Focus to New Frontier Models for Agents
October 12, 2026  |  Artificial Intelligence

Meta introduced two new frontier models for personal and professional artificial intelligence agents, the company said in a Monday (Oct. 12) press release. Muse Wonder...

READ MORE >
PayJoy Acquires Mexico’s Finia to Gain Deeper Credit Insights
PayJoy Acquires Mexico’s Finia to Gain Deeper Credit Insights
October 12, 2026  |  Financial Inclusion

PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican FinTech Finia. The deal is designed to let PayJoy apply Finia’s technology...

READ MORE >
PYMNTS Finds 42% of Companies Rely on Layered Defense to Combat Fraud
PYMNTS Finds 42% of Companies Rely on Layered Defense to Combat Fraud
October 12, 2026  |  Fraud Prevention

Forty-two percent of corporate finance departments deploy a stack of three or more artificial intelligence (AI) tools to secure their outgoing payments, according to the...

READ MORE >
Louis Vuitton Trademark Dispute Leads to Sales Slump in China
Louis Vuitton Trademark Dispute Leads to Sales Slump in China
October 12, 2026  |  Retail

Luxury retail company LVMH saw quarterly sales slump following a trademark dispute in China. Organic revenue for the company’s fashion and leather goods unit fell...

READ MORE >
OpenAI’s Video Model Sora Could Get a Second Act
OpenAI’s Video Model Sora Could Get a Second Act
October 12, 2026  |  Artificial Intelligence

OpenAI is reportedly considering a plan to resurrect its video model Sora. The company is in discussions with a startup that is developing artificial intelligence...

READ MORE >
Upgrade Joins New Wave of FinTechs Seeking Bank Charters
Upgrade Joins New Wave of FinTechs Seeking Bank Charters
October 12, 2026  |  Banking

FinTech company Upgrade aims to establish a Nevada-chartered industrial loan bank, saying in a Monday (Oct. 12) press release that this would complement the company’s...

READ MORE >
Google Launches Women’s Health Partnership and New Fitbit
Google Launches Women’s Health Partnership and New Fitbit
October 12, 2026  |  Healthcare

Google has launched a women’s health partnership as it deepens its footprint in the wearable fitness-tracking space. The tech giant on Monday (Oct. 12) announced...

READ MORE >
AI Safety Regulations Gain Momentum in Congress Ahead of Midterms
AI Safety Regulations Gain Momentum in Congress Ahead of Midterms
October 12, 2026  |  Artificial Intelligence

With leading artificial intelligence executives sounding the alarm over rogue autonomous agents and voter anxiety over AI rising, some in Congress have begun pushing for...

READ MORE >