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Rain Seeks OCC’s Approval to Create National Trust Bank

Rain Seeks OCC’s Approval to Create National Trust Bank
Rain Seeks OCC’s Approval to Create National Trust Bank
October 06, 2026  |  Bank Regulation

Rain is the latest digital asset company seeking to launch a national trust bank. The stablecoin payments infrastructure company announced Monday (Oct. 5) that it...

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Uber Eats Enters Catering Space With $2.3 Billion ezCater Deal
Uber Eats Enters Catering Space With $2.3 Billion ezCater Deal
October 06, 2026  |  Acquiring

Uber is paying $2.3 billion to acquire catering and workplace meal platform ezCater, according to a Tuesday (Oct. 6) news release. The all-cash deal is...

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Toast Deploys AI Labor Management Tools for Restaurateurs
Toast Deploys AI Labor Management Tools for Restaurateurs
October 06, 2026  |  ResTech

Toast has added a new labor management solution to its global technology platform for restaurant and retail operators, the company said in a Tuesday (Oct. 6) press release. The...

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AI CEOs Could Be Held Liable for Rogue Model Actions
AI CEOs Could Be Held Liable for Rogue Model Actions
October 06, 2026  |  Artificial Intelligence

Insurance companies are reportedly anticipating multimillion-dollar claims related to so-called “rogue” artificial intelligence (AI) agents. That’s according to a report Tuesday (Oct. 6) by the...

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Global AI Hardware Demand Powers East Asia Growth Beyond World Bank Forecasts
Global AI Hardware Demand Powers East Asia Growth Beyond World Bank Forecasts
October 06, 2026  |  Artificial Intelligence

Several economies in the East Asia and Pacific (EAP) region are growing faster than expected due to their involvement in manufacturing and exporting high-tech goods...

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South Korea Says AI Helped Hackers Break Into Banks
South Korea Says AI Helped Hackers Break Into Banks
October 06, 2026  |  Artificial Intelligence

South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said...

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Plaid Launches Credit and Fraud Models Fueled by Cash Flow Data
Plaid Launches Credit and Fraud Models Fueled by Cash Flow Data
October 06, 2026  |  Consumer Finance

Plaid is adding new capabilities and artificial intelligence (AI) models to its network that powers digital finance, aiming to help financial firms with their decisions...

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DeepSeek Looks to Raise $12 Billion Ahead of IPO
DeepSeek Looks to Raise $12 Billion Ahead of IPO
October 06, 2026  |  Artificial Intelligence

Chinese artificial intelligence startup DeepSeek is reportedly close to raising $12 billion in a new funding round. That figure would surpass the company’s financing target as it...

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