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Meta Pitches $14 Per Month Ad-Free Social Media in Europe
Meta Pitches $14 Per Month Ad-Free Social Media in Europe
October 03, 2023  |  Meta

Meta is reportedly proposing an ad-free version of its social media platform to European users. The company has been pitching regulators the idea of a...

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Visa to Invest $100 Million in Generative AI for Commerce and Payments
Visa to Invest $100 Million in Generative AI for Commerce and Payments
October 02, 2023  |  artificial intelligence

Visa has launched a new $100 million generative artificial intelligence (AI) ventures initiative, aiming to invest in companies focused on developing generative AI technologies and applications...

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Discover Financial Services’ Agreement With FDIC Boosts Stock Price
Discover Financial Services’ Agreement With FDIC Boosts Stock Price
October 02, 2023  |  Bank Regulation

Discover Financial Services has reportedly reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to improve consumer compliance.  This development resulted in a 7%...

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Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
October 02, 2023  |  Investments

Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI.  Roelof Botha, partner...

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TikTok May Join Other Platforms With Ad-Free Subscription
TikTok May Join Other Platforms With Ad-Free Subscription
October 02, 2023  |  Subscriptions

TikTok is testing an ad-free monthly subscription plan. Code within the short-form video app suggests that the platform is exploring this new option, Android Authority reported Monday (Oct....

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Economists Expect Limited Macro Impact From Student Loan Payment Resumption
Economists Expect Limited Macro Impact From Student Loan Payment Resumption
October 02, 2023  |  Consumer Finance

The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While...

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JPMorgan CEO Jamie Dimon Says AI Promises Healthier Future
JPMorgan CEO Jamie Dimon Says AI Promises Healthier Future
October 02, 2023  |  artificial intelligence

Artificial intelligence (AI) is rapidly changing the way we work and live, JPMorgan Chase CEO Jamie Dimon said. In a Monday (Oct. 2) interview with Bloomberg...

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Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
October 02, 2023  |  Credit Cards

Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...

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X and Paris Hilton Partner on Video and Commerce
X and Paris Hilton Partner on Video and Commerce
October 02, 2023  |  Social Commerce

Social media platform X is teaming up with Paris Hilton and her digital ad agency 11:11 Media on shopping and video projects. X CEO Linda Yaccarino said in a Monday (Oct....

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