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Stripe said in comments submitted to the Consumer Financial Protection Bureau (CFPB) that while the regulator finalizes its revisions to the open banking rule, Rule 1033, it should ensure that banks do not “unlawfully charge access fees” for connecting consumers’ bank accounts to the financial products of their choice.
Bloomberg flagged Stripe’s comments Tuesday (Sept. 2), reporting...
OpenAI plans to acquire Statsig, the experimentation platform that powers A/B testing, feature flagging and real-time decisioning for OpenAI and other companies.
Together with the acquisition, Statsig Founder and CEO Vijaye Raji will join OpenAI as chief technology officer of its Applications organization, reporting to Fidji Simo, OpenAI said in a Tuesday (Sept. 2) press release.
The...
Cloudflare said Tuesday (Sept. 2) that information shared in its customer support system should be considered compromised.
The company issued this warning in a Tuesday blog post in which it disclosed that it was affected by a breach of Salesloft’s Drift that allowed someone outside Cloudflare to access the Salesforce instance it uses for customer support and internal customer case...
Two banks were rated “outstanding” and nine were rated “satisfactory” in the latest list of banks examined for Community Reinvestment Act compliance by the Office of the Comptroller of the Currency.
None of the banks whose evaluations were made public in August were rated “need to improve” or “substantial noncompliance,” the OCC said in a Tuesday (Sept. 2) press release.
“Under the CRA...
Mexico City-based FinTech company Kapital said Tuesday (Sept. 2) that it doubled its valuation to $1.3 billion and became “Latin America’s first AI unicorn.”
The company said this while announcing in a press release that it raised up to $100 million in a Series C funding round to accelerate the growth of its artificial intelligence (AI)-powered platform for small and medium-sized...
Microsoft has released VibeVoice, a new open-source artificial intelligence (AI) model that lets users create podcasts and other audio — a counter to Google’s popular NotebookLM.
But there are notable differences. Microsoft’s text-to-speech model can generate four voices and up to 90 minutes of podcast-quality speech. NotebookLM can do two voices.
Additionally, VibeVoice reads and...
Data from the Federal Deposit Insurance Corporation’s (FDIC) latest report on the state of the banking industry is signaling both optimism and caution. While the number of “problem banks” on its watchlist has declined for the third straight quarter, the regulator also highlighted rising credit card charge-offs, a risk area that could test consumer resilience.
How FDIC Defines a...
Japanese startup LayerX reportedly raised 15 billion yen (about $101 million) in a Series B funding round for its artificial intelligence software-as-a-service (SaaS) platform that provides back-office automation for enterprises.
“We will strengthen our recruitment of engineers and further accelerate our AI agent business,” the company said in a Monday (Sept. 1) post on social platform...
Google is beefing up its features for Gemini, its primary suite of generative AI models and the chatbot that serves as its main interface.
New tools are aimed at productivity, scheduling and learning. The latest update brings Gemini closer to becoming an all-purpose AI platform for individuals and businesses.
In the latest update, Gemini gets guided learning, productivity planners,...
Web3 companies are reportedly developing devices in an effort to add blockchain features to consumers’ daily lives.
The latest example comes from Gaia Labs, which said Tuesday (Sept. 2) that it is developing an artificial intelligence (AI) smartphone for users in South Korea and Hong Kong, Cointelegraph reported Tuesday.
Gaia Labs is a decentralized AI and Web3 infrastructure firm, and...