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Top artificial intelligence researchers are reportedly fielding offers of as much as hundreds of millions of dollars a year amid a talent war that involves companies like Meta, OpenAI and Google.
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The researchers are responding by mulling over the offers with their entourages, comparing the deals with their peers and seeking counteroffers from other AI companies, The New...
Businesses are reportedly still facing uncertainty around U.S. trade policy, even after the Thursday (July 31) announcement of higher tariffs by President Donald Trump.
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The announcement lacked detail and left undecided some issues around key sectors, talks with China and the legal status of the new duties, Andrew Wilson, deputy secretary-general of the International...
OpenAI hit a $300 billion valuation after completing its latest round of fundraising that was five times oversubscribed.
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The ChatGPT maker snagged $8.3 billion months earlier than expected, according to The New York Times’ DealBook. The fundraise is part of the artificial intelligence startup’s plan to secure $40 billion in funding this year, to which SoftBank has...
Six banks were rated “outstanding” in the latest list of banks examined for Community Reinvestment Act compliance by the Office of the Comptroller of the Currency.
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Among the other banks whose evaluations were made public in July, nine were rated “satisfactory” and none were rated “needs to improve” or “substantial noncompliance,” the OCC said in a Friday (Aug. 1) press...
Here are the top artificial intelligence (AI) stories of the week:
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Agentic AI Systems Have to Earn Trust in 3 Ways From Enterprises
CFOs are nearly universally aware of agentic artificial intelligence systems, but most are skeptical about deploying them. Many remain cautious amid concerns about implementation risks, oversight challenges and unproven ROI.
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Stablecoins are shifting from cryptocurrency novelty to enterprise-grade payment infrastructure.
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A growing cohort of financial leaders, from Fortune 500 treasury desks to FinTech integrators, is moving stablecoins from theory to operational pipelines. The shift is less about speculative upside and more about plumbing — digitizing conventional rails with programmable,...
The mood of consumers improved for a second consecutive month in July, though it remains worse than it was in December, according to the latest installment of the University of Michigan’s Surveys of Consumers, released Friday (Aug. 1).
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The rise in July from June was measured at 1.6%, stepping up to 61.7 from 60.7, according to the report.
Consumer sentiment remains 17%...
The unemployment rate remained above 4% in July despite job gains made during the month, according to data released Friday (Aug. 1) by the Bureau of Labor Statistics (BLS).
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The unemployment rate stood at 4.2% in July, roughly stable versus the three months prior, the BLS said in a Friday press release.
July’s employment gains totaled 73,000 jobs, exceeding June’s...
As the U.S. reignites trade tensions with the rest of the world, corporate finance chiefs and product teams aren’t panicking. They’re planning.
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In contrast to the chaotic uncertainty of President Donald Trump’s past tariff flare-ups, executives now see a clearer, if potentially harsher, path forward. Data from an upcoming edition of the 2025 Certainty Project by PYMNTS...
Small and medium-sized businesses (SMBs) developing or using artificial intelligence (AI) systems must comply with the European Union’s AI Act, even if they are not based in or have a presence in the bloc.
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Experts say that due to the Act’s scope, many U.S.-based SMBs could be affected and should take steps now to evaluate their exposure. This includes using AI to...