Swift has launched an effort designed to make consumer cross-border payments as easy as domestic transactions. “Today, millions of consumers use systems such as Bizum, PayID from AP+, and Pix to send money quickly and easily within their own markets without needing to know the recipient’s...
Elon Musk wants xAI’s Grok chatbot to serve as users’ financial assistant. “Grok Bot now connects to your finances,” the artificial intelligence company wrote Saturday (Sept. 26) on X, another Musk company. “Link your bank, card, and investment accounts with the new Finance integration, then ask Bot to help manage...
Senior scientists from Anthropic, OpenAI and Microsoft are calling on policymakers to embed auditors in frontier artificial intelligence companies and set “concrete safety requirements” for continued development of the technology. Anthropic Co-Founder Jack Clark, OpenAI Chief Scientist Jaku Pachocki and Microsoft Chief Scientific Officer Eric...
In 2024, the B2B payments conversation centered on moving businesses away from checks and toward electronic transactions. Two years later, the industry has made infrastructure advances, but two newly published research briefs from the Federal Reserve Bank of Cleveland highlight that the hardest part of...
Instinct, the builder of a personal artificial intelligence agent for everyday life, quadrupled its valuation over the past month, lifting it to $10 billion. Instinct was valued at $10 billion as it raised $1 billion in Series C funding, the company said in a Monday...
Nvidia is moving the artificial intelligence kill switch deeper into the machinery, giving businesses a way to stop autonomous agents even when the software directing them fails to keep them within bounds. The company’s Open Agent Safety Platform, announced in a Monday (Sept. 28) press...
Meta is following the launch of its Muse model with a new business concentrated on offering artificial intelligence tools to enterprise clients. “Meta Enterprise Platform will use our strengths that few other companies have: advanced models, leading agents, large-scale infrastructure, and years of working closely with...
Bank of America has introduced two new intelligence capabilities for customers using its CashPro tool and its Global Payments Solutions (GPS) employees. The banking giant on Monday (Sept. 28) announced the debut of Payments Insights a new CashPro capability designed to give corporate and commercial customers “actionable...
Federal Trade Commission Chairman Andrew Ferguson is drawing a line for businesses using artificial intelligence agents: Giving software the power to act does not make the software responsible when something goes wrong. At a Reuters event Friday (Sept. 25), Ferguson pushed back on descriptions of AI agents as...