ChatGPT creator OpenAI has picked London for its first headquarters outside the United States. “London’s vibrant technology ecosystem and its exceptional talent make it the ideal location for OpenAI’s first international office,” the company wrote in a blog post Wednesday (June 28). “The teams in London will focus on...
In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a series of what it says would be “upgrades” to PSD2. And as has been widely reported, the changes will help...
Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution’s partnership with Western Union now enables Mexican families to receive up to 50,000 Mexican pesos (about $3,000) per remittance, the organizations said in a Wednesday...
Financial platform Maza has raised $8 million to help provide immigrants with financial identities. The Los Angeles-based company announced the seed funding in a Wednesday (June 28) press release, saying the financing will bolster its platform, which automates a U.S. tax presence for immigrants. “As descendants of Latin American...
Healthcare delivery and drug discovery and development have used computers for decades. From combinatorial chemistry to rational drug design and now artificial intelligence (AI), innovative technical breakthroughs have helped drive an ongoing flywheel of advances in healthcare and medicine. Sector leaders aren’t sweating the regulatory...
There’s a new law in town and it’s taking on organized retail theft and the trade of counterfeit and hazardous goods on digital platforms. The act follows the prevalence of sellers in China and other countries outside the United States offering counterfeit and stolen merchandise...
The story of the cautious consumer continues as Walgreens reflects on its latest quarterly earnings. On Tuesday (June 27), after the company issued a warning that its profits are projected to fall below initial expectations, the stock of Walgreens Boots Alliance plummeted. The decline was...
Germany’s Zalando is considered Europe’s largest online fashion retailer. But is it a “very large online platform”? That’s now a matter for the courts. Zalando announced Tuesday (June 27) it had filed suit in the European Union’s Court of Justice, disputing its designation under the...
Can one stolen ID, augmented with artificial intelligence, yield $2 million in pilfered government benefits? It’s a scenario Haywood Talcove, chief executive of LexisNexis Risk Solutions’ government division, laid out for the Financial Times (FT) Wednesday (June 28) in a report on how artificial intelligence...