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While headlines trumpet the nine-figure paydays big tech firms are laying out for artificial intelligence (AI) talent, a different resource war is underway in the board rooms of financial institutions (FIs).
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One centered on an entirely different, if equally leading edge, technology. Quantum computing.
As Monday (July 21) news from JPMorgan Chase, which involved hiring...
The European Commission reportedly does not plan to charge Big Tech companies a fee to cover the cost of monitoring their compliance with the Digital Markets Act, though some European lawmakers have lobbied for such a fee.
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While that remains a possibility, there is currently no proposal for a fee, European Commission Executive Vice President Henna Virkkunen told...
Cloud-based payments firm Alacriti has launched a partnership with Citizens Business Bank.
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The collaboration lets Citizens (CBB) offer instant payments capabilities via the Orbipay Payments Hub, letting customers get payments in seconds over both the RTP network and the Federal Reserve’s FedNow Service, according to a Wednesday (July 23) news release.
“Partnering with...
The United Kingdom’s Competition and Markets Authority said “Apple and Google’s mobile platforms hold an effective duopoly.”
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As such, the CMA is proposing new guidelines for how the two tech giants operate in the U.K., according to a Wednesday (July 23) press release.
“Apple and Google’s mobile platforms are both critical to the U.K. economy — playing an important role...
Credibur emerged from stealth Wednesday (July 23) and announced it secured $2.2 million in pre-seed funding to launch its platform for debt facility management.
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The company is already launching with its first pilot customers, it said in a Wednesday press release.
Credibur’s platform targets alternative lenders and institutional investors, according to the release.
It...
Hasbro says it has magic to thank for muting the impact of tariffs this quarter.
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More to the point, Magic the Gathering, the collectible card game from the company’s Wizards of the Coast business, saw a 23% uptick in revenue, according to quarterly earnings released Wednesday (July 23).
Overall revenues were down 1%, with growth in the Wizards and digital gaming...
The White House on Wednesday (July 23) released a policy roadmap that outlines President Trump’s push to keep America in the lead in the global artificial intelligence (AI) race by focusing on deregulation, building AI infrastructure, expanding export controls and giving chatbots free speech.
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“America’s AI Action Plan” follows Trump’s executive order in January that...
EarnIn has launched a new technology that enables workers to access their earnings continuously, while they work.
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The new Live Pay technology will be available through the EarnIn Card and is now offered on an early access basis through the EarnIn Card waitlist, the earnings management company said in a Wednesday (July 23) press release.
The EarnIn Card allows users to...
Citigroup is reportedly increasing its research efforts into private companies.
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Heath Terry, a veteran of firms like Goldman Sachs, joined Citi to head coverage of the artificial intelligence industry and guide other analysts in researching private firms in other sectors, Bloomberg reported Wednesday (July 23).
The number of closely-held companies has risen while the...
Wise’s decision to shift its primary listing from London to America is drawing criticism.
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As Bloomberg News reported Wednesday (July 23), both proxy advisory firm Glass Lewis...