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Microsoft is reportedly working on a new, in-house artificial intelligence (AI) model that is “far larger” than the other open source models it has trained.
The new model, MAI-1, is expected to have about 500 billion parameters, Seeking Alpha reported Monday (May 6), citing a paywalled article by The Information.
It aims to compete with models created by Google, OpenAI (in which Microsoft is an...
Bundesbank’s president said central banks must speed the adoption of digital currency to remain viable.
“If you would have asked me 20 years ago if the central bank business model” were “destroyable or not, I would have said no,” Joachim Nagel said on Monday at a Bank for International Settlements Innovation Summit.
“Now I am not so sure anymore — and that is the reason why we are sitting here....
Embedded lending tools enable potential borrowers to apply for credit directly from the merchant or provider’s platform — often while paying for a product or a service. For instance, while finalizing a purchase, a shopper can be prompted to apply for a new credit card or pay via buy now, pay later (BNPL) installments. If the borrower takes advantage of the offer, they can even use the credit for...
Robinhood’s cryptocurrency business could become the target of regulatory action.
The trading platform said Monday (May 6) that it received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) staff indicating they will recommend that the commission take enforcement action against the company.
“After years of good faith attempts to work with the SEC for regulatory clarity...
Bots account for a vast majority of stablecoin transactions, recent Visa research shows.
Fewer than 10% of these transactions come from genuine users, according to a new metric from Visa and Allium Labs, showing that just $149 billion of the $2.2 trillion in total transactions last month came from “organic payments activity.”
The findings were flagged in a report Sunday (May 5) evening by...
J.P. Morgan and Visa have teamed to offer faster domestic payments via Visa Direct.
The collaboration, announced Monday (May 6) is designed to improve merchant experiences and empower cardholders for customers of J.P. Morgan Payments.
“With Visa Direct’s extensive reach in the U.S., J.P. Morgan Payments will empower merchants, businesses and FinTechs to embed faster domestic payments into their...
Bakkt is cutting staff after warning earlier this year about the future of the company.
The cryptocurrency platform said in a securities filing Friday (May 3) that it is laying off 28 workers, or 13% of its non-call center staff.
“The reduction in force is a component of a broader strategic review of the company’s operations that is intended to more effectively align resources with business...
The amount of data now being generated by consumers is testing the constraints of the dictionary.
Only 10 years ago it was measured in terabytes, which is a trillion bytes. But now those 329 million terabytes of data are generated every day, and data scientists have applied a relatively new term: The Zettabyte Era.
It’s the last metric standing as data continues to explode daily. And in case you’...
A new global business identity platform is on the scene, enabling banks, FinTechs and enterprises to verify and onboard businesses of all sizes, particularly smaller businesses. Four years and hundreds of millions of data points in the making, Markaaz has a unique, two-sided business model and some serious executive credentials behind it as it shoots for nothing less than recasting the way...
Data integrity and technology that provides flexibility are key for businesses in a dynamic market, Boost Payment Solutions CFO Mariana Lamson writes in the new PYMNTS eBook, “The Implications of Uncertainty.”
The major uncertainty faced by B2B business is the lack of a clear answer to the question, “How is the economy really performing?” While there is a plethora of data available on B2C and...