New York City Comptroller Mark Levine is calling on Anthropic to delay its initial public offering and focus its energies on artificial intelligence safety issues the company itself has highlighted. Levine made this call in a Wednesday (Oct. 14) letter addressed to Anthropic CEO Dario...
In 2025, OpenAI earned nearly $3 of revenue for every dollar Anthropic did. Nine months later, Anthropic booked more in a single quarter than it did in all of last year, and it told investors it did so at a profit. That is the case...
Eight states have sued OpenAI in their respective state courts, alleging the tech giant failed to implement sufficient safeguards to protect vulnerable users, including children and the elderly. The coordinated lawsuits mark an escalation in the battle by state authorities to impose guardrails on artificial...
AI startup Cohere says it plans to acquire AISLE, a company developing autonomous systems to find and repair vulnerabilities in critical software. The deal is happening at a time when security “is becoming the defining challenge of enterprise AI,” Cohere said in announcing the proposed acquisition Thursday (Oct. 15). “As...
A global financial watchdog is calling on banks to increase their oversight of agentic AI. The Financial Stability Board (FSB) made that call in a report published Thursday (Oct. 15) outlining proper practices for adopting artificial intelligence (AI). “As adoption expands in scale and sophistication, AI may also amplify...
Watch more: Digital Shift with Payroc’s Paul Vienneau The most important question for software companies building payments used to be whether they had the engineers, budget and time to do it themselves. Agentic artificial intelligence has already made that question obsolete. “The question has changed...
Senior partners at global law firm Freshfields have discussed making its in-house legal technology unit, Freshfields Lab, a separate company that could be opened to external investors, the Financial Times reported Wednesday (Oct. 14). The senior partners believe the unit, which develops artificial intelligence tools...
Artificial intelligence (AI) agents are knocking at JPMorgan Chase’s door, and CEO Jamie Dimon is not letting them in. The bank will not allow unvetted outside AI agents into its systems, Dimon said Tuesday (Oct. 13) on JPMorgan’s third-quarter earnings call, PYMNTS reported. “You don’t...
OpenAI’s infrastructure and compute businesses have a new leader, Bloomberg reported Wednesday (Oct. 14). The artificial intelligence company appointed its chief technology officer for compute, Uday Ruddarraju, to head both the infrastructure and compute businesses. The previous head of the infrastructure unit, Sachin Katti, will...