October 09, 2023
EU and Japan Take Similar Views on Artificial Intelligence
When it comes to artificial intelligence (AI), Europe and Japan are reportedly of like minds. “I see a lot of convergence in how we look at AI and generative AI,”...
October 05, 2023
AI-Generated Ads Could Damage 2024 Election, Lawmakers Say
A pair of Democratic lawmakers want social media platforms to regulate artificial intelligence (AI)-generated election ads. U.S. Sen. Amy Klobuchar of Minnesota and U.S. Rep. Yvette Clarke of New York said in an interview with...
October 05, 2023
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
Generative artificial intelligence (AI) can digitally create nearly everything and anything. And that is becoming a problem. One of the world’s most popular YouTubers, MrBeast, and America’s dad, Tom Hanks,...
October 05, 2023
Cobre Raises $13 Million to Expand Payment Automation Platform
Cobre has reportedly raised $13 million to take its treasury platform beyond its native Colombia. As TechCrunch reported Thursday (Oct. 5), the company plans to enter Mexico next year, while also updating...
October 04, 2023
Report: Citigroup to Announce Layoffs in November Amid Reorganization
Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be retained, reassigned or laid off...
October 04, 2023
Brite Raises $60 Million to Expand Instant Payments
Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. The funding round, announced Wednesday (Oct. 4), was led by Dawn Capital along with a number of Sweden’s other FinTech...
October 03, 2023
FTC Exposes Amazon’s Price-Manipulating Algorithm Amid Antitrust Probe
Amazon is facing scrutiny after the Federal Trade Commission (FTC) revealed the existence of a secret algorithm, known as “Project Nessie,” that the e-commerce giant allegedly used to manipulate prices....
October 02, 2023
Coinbase Gets Payments License in ‘Priority Market’ of Singapore
Cryptocurrency giant Coinbase has received a payments license from Singapore’s central bank. The license from the Monetary Authority of Singapore (MAS) will let Coinbase provide digital payment token services to...
October 02, 2023
Europe Offers Lessons for Open Banking’s US Merchant Payments Path
According to Link Money CEO Eric Shoykhet, open banking in the United States is taking shape but needs some education in the mix to reach its full potential. “We’ve already...
