JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits that pay no interest, the Financial Times reported. That money tends to stay put because moving it takes time. Artificial intelligence (AI) agents could remove that friction. Meta’s Muse and similar...
Google Cloud announced a universal artificial intelligence agent for work called Gemini agent that will be joined by industry-specific agents for financial services, legal, government, healthcare and retail, the company said in a Thursday (Oct. 8) blog post. The post was adapted from Google Cloud...
Sen. Maria Cantwell of Washington, the ranking member on the Commerce, Science and Transportation Committee, unveiled a framework Wednesday (Oct. 7) for regulating frontier artificial intelligence in a possible preview of a federal regulatory push should Democrats take control of Congress in November. The framework...
The parent company of artificial intelligence agent startup Manus, Butterfly Effect, has raised $500 million in a funding round, months after the Chinese government blocked Meta’s acquisition of the company, according to multiple media reports. Butterfly Effect announced the round in a post on Chinese...
Firmus Grid, a Nvidia-backed Australian data center company, is having trouble generating support for its stock market listing, Bloomberg reported Thursday (Oct. 8). The development reveals a new weakness in the artificial intelligence funding boom, the report said. Firmus’ planned $5.5 billion initial public offering...
Peppermint raised $4.7 million in seed funding for its artificial intelligence-powered financial operations platform designed for teams that run clinical research, the company said in a Thursday (Oct. 8) press release Peppermint’s platform is designed to provide a continuous, audited record of every visit, invoice...
Watch more: The Agentic Experience With Mastercard’s Pablo Fourez Consumers won’t hand artificial intelligence agents unrestricted purchasing authority on day one, but repeated successful transactions could expand what they’re willing to delegate. It’s a topic that now dominates agentic AI discussions. The first time Mastercard...
Watch more: How Payments Turn AI Into Action Every swipe, ACH transfer or virtual card transaction carries clues about who is spending, where money is moving, what is being bought and whether something looks wrong. Those clues have remained relatively untapped, and not for lack of...
Property and home insurers have the best billing and payment scores of any industry PYMNTS Intelligence studied this year. They also have one in four policyholders ready to switch, and seven in 10 Gen Z policyholders ready to switch. Both things are true, and the...