Every artificial intelligence (AI) platform that stores a payment method and adds a gifting feature has created a new monetization surface for account takeover fraud. Claude users are discovering gift subscriptions they never bought showing up as charges on their credit cards, The Guardian reported...
A group of major artificial intelligence (AI) investors is pooling capital into a vehicle designed to buy up traditional services businesses and transform them using AI. Thrive Holdings, a one-year-old holding company started by OpenAI investor Thrive Capital, is raising around $2 billion from Altimeter...
The Securities and Exchange Commission (SEC) is adding a new operations chief at a moment when the agency is trying to move faster on crypto, market structure and investor protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Seeking Alpha reported Monday (July 6) that Uber Technologies CEO Dara Khosrowshahi has stepped down from the board of directors at Grab Holdings Limited, effective immediately. The executive’s departure from the board of the prominent ride-hailing and delivery network prompted a swift market reaction, with...
Google has expanded the scope of data it collects to train its artificial intelligence models, now incorporating media uploaded by users across several of its primary search-related services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
FinTechs are treating banking licenses as strategic infrastructure. Klarna’s decision to apply to establish Klarna Bank USA, a Utah-chartered industrial bank, illustrates that shift. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A coalition of global fashion brands and digital marketplaces is mounting a campaign to eliminate sales taxes on secondhand clothing, according to a report June 30 from Retail Brew. The group argues that taxing items at the point of resale constitutes “double taxation,” as the...
Digital assets began with the idea that trust could be engineered out of the system. The current regulatory trajectory in the U.S. now suggests something different. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. Department of the Treasury has produced a draft report warning of extensive risks to the economy if the artificial intelligence market repeats what happened when the dotcom bubble burst 25 years ago, according to NOTUS, which obtained a copy of the document. Get...
