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In September, the Treasury Department extended the public comment period on the implementation of the GENIUS Act, signaling both the complexity and sensitivity of shaping anti-money laundering (AML) and compliance standards for digital assets.
As of this week, 333 comments have been posted, ranging from anonymous individual submissions to detailed responses by state regulators,...
IBM reportedly plans to cut “thousands” of jobs during the current quarter.
The company is doing so as it shifts its focus to higher-growth software and services, Bloomberg reported Tuesday (Nov. 4).
“We routinely review our workforce through this lens and at times rebalance accordingly,” an IBM spokesperson said in the report. “In the fourth quarter, we are executing an action that...
UKG, a platform for human resources, pay and workforce management, added Chime’s financial wellness suite, Chime Workplace, to its UKG Marketplace.
The move makes Chime Workplace available to the 80,000 businesses around the world that use the platform, as the financial wellness suite will integrate with UKG’s Workforce Operating Platform, Chime said in a Tuesday (Nov. 4) press release...
Stablecoin payment platform Pay3 is the latest company to embrace agentic AI.
The company on Tuesday (Nov. 4) unveiled its Agentic Payments Platform, designed to allow artificial intelligence (AI) agents to autonomously “execute and optimize” financial transactions using stablecoins.
“As agentic AI adoption accelerates, enterprises are seeking infrastructure that supports autonomous...
Generative artificial intelligence content now accounts for 57% of all online material, a shift that is forcing social media platforms to restructure their systems to handle the growing influence of generative AI.
Meta, Pinterest and Reddit are each developing new tools to separate human and synthetic activity as machine-generated content becomes a regular part of online interaction....
UBS said Tuesday (Nov. 4) that it completed a live tokenized fund transaction leveraging Chainlink’s Digital Transfer Agent (DTA) technical standard.
This transaction saw the completion of an on-chain subscription and redemption request of the UBS USD Money Market Investment Fund Token, which is built on Ethereum distributed ledger technology, the global wealth manager and bank said in...
Anthropic has reportedly projected growth of 28% over the next three years.
And by 2028, the artificial intelligence (AI) startup expects to bring in up to $70 billion in revenue, compared to roughly $5 billion this year, the Information reported Tuesday (Nov. 4), citing a source familiar with Anthropic’s financials.
The company reportedly expects demand from businesses for its AI...
Crypto investors are reportedly uneasy about the high valuations of some artificial intelligence (AI) stocks.
The price of the leading cryptocurrency has fallen roughly 6% in the last two days, CNBC reported Tuesday (Nov. 4), while Ether, the second-biggest token in terms of market capitalization, has fallen nearly 10% during the same time frame.
As the report noted, the two coins draw...
Zest AI said Tuesday (Nov. 4) that it secured strategic investment for its artificial intelligence-powered lending solutions.
The round was led by five of Zest AI’s financial institution customers, including Citi, the company said in a Tuesday press release. It did not report the amount raised in the round.
Zest AI will use the new funding to expand its automation initiatives and drive...
Instacart launched artificial intelligence tools aimed at “grocers of all sizes,” according to a Tuesday (Nov. 4) press release.
The grocery technology company announced the debut of Instacart’s AI Solutions, a suite of offerings designed specifically for grocers to promote personalized shopping for their customers, the release said.
“AI is transforming how people shop for groceries...