Bank of America Says Investors Are Overplaying AI and Underestimating Consumers

Bank of America Says Investors Are Overplaying AI and Underestimating Consumers
Bank of America Says Investors Are Overplaying AI and Underestimating Consumers
October 05, 2026  |  Artificial Intelligence

It may be time for investors to pivot from artificial intelligence-linked capital expenditures to consumer-driven spending, Bank of America strategists wrote in a Monday (Oct....

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Loyalty Programs Make Smaller Rewards Balances Spendable
Loyalty Programs Make Smaller Rewards Balances Spendable
October 05, 2026  |  Loyalty & Rewards

Loyalty points are becoming more liquid as airlines give customers more choices over when and how much of their accumulated rewards to spend. American Airlines...

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OpenAI Linking Visual Ads With ChatGPT Images
OpenAI Linking Visual Ads With ChatGPT Images
October 05, 2026  |  Artificial Intelligence

OpenAI says it is making advertisements within ChatGPT more visual and measurable. The company’s new visual ad format is designed to help users “imagine how products...

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L’Oréal Cuts Customer Service Time 64% With AI
L’Oréal Cuts Customer Service Time 64% With AI
October 05, 2026  |  Artificial Intelligence

A L’Oréal adviser who needed to issue a customer a discount code once clicked through about 15 screens over 10 minutes. Now the adviser types...

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US Companies on Pace to Pay $1.4 Billion in Privacy Settlements
US Companies on Pace to Pay $1.4 Billion in Privacy Settlements
October 05, 2026  |  Legal & Regulation

A law passed in 1968 is apparently driving a new surge in privacy violation settlements. That’s according to new research published Monday (Oct. 5) by privacy platform Privado...

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OpenAI Rolls Out Text Watermarks to Meet EU AI Act Mandates
OpenAI Rolls Out Text Watermarks to Meet EU AI Act Mandates
October 05, 2026  |  Artificial Intelligence

OpenAI has begun a limited rollout of text watermarking and detection technologies, the company said in an article released Monday (Oct. 5). OpenAI built the...

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The Public Blockchain Debate is Already Obsolete for Banks
The Public Blockchain Debate is Already Obsolete for Banks
October 05, 2026  |  Blockchain

The crypto industry bet the farm on traditional finance ultimately migrating onto public blockchains rather than retreating behind permissioned networks. The cows are now coming...

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Binance Debuts AI Tool to Boost Customer Crypto IQ
Binance Debuts AI Tool to Boost Customer Crypto IQ
October 05, 2026  |  Artificial Intelligence

Binance introduced Binance Intelligence, an artificial intelligence product stack designed to bridge the gap in digital asset knowledge between market professionals and day-to-day customers, according...

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CFTC Proposes New Rule for Regulating Crypto Transactions
CFTC Proposes New Rule for Regulating Crypto Transactions
October 05, 2026  |  Cryptocurrency

Federal regulators have introduced a new proposal designed to regulate digital asset markets and transactions. The Commodity Futures Trading Commission (CFTC) introduced a proposal Monday (Oct. 5) for...

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