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Nvidia CEO Jensen Huang said Wednesday (June 11) that Anthropic CEO’s prediction of artificial intelligence (AI) destroying half of entry level white collar jobs “doesn’t make sense.”
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Dario Amodei reportedly made the comment last month, adding that he expects it to happen within one to five years. He also believes that it would raise the unemployment rate to 10% to 20...
The stablecoin bill moving through the U.S. Senate reportedly got closer to final passage Wednesday (June 11) after a 68 to 30 procedural vote removed an obstacle.
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The vote eliminated some proposed amendments to the GENIUS Act and made it likely that the final passage of the bill will come next week, Bloomberg reported Wednesday.
Senate Majority Leader John Thune, R-...
Farsight, an automation platform for financial institutions, raised $16 million in a Series A funding round.
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The capital will help Farsight develop its product, scale its team and sign new partners and customers, according to a Wednesday (June 11) press release.
Co-founded by MIT graduates Samir Dutta, Noah Faro and Kunal Tangri, Farsight provides a solution that helps...
In the digital age, banks and other traditional financial incumbents face the core challenge of building or being built upon.
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This challenge is coming to a head in the stablecoins sector, but legacy players may have a trick hidden up their sleeves. While cryptocurrency has tried for over a decade to integrate within the traditional, U.S.-driven financial system, banks...
Google has extended its voluntary exit program with severance to U.S.-based employees in more of its teams.
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The program was made available Tuesday (June 10) to the company’s Core (central engineering), Marketing, Research, Knowledge & Information (K&I; Search, Ads, Geo and Commerce) and Communications teams, Google told PYMNTS Wednesday (June 11).
The voluntary exit...
Meta has introduced a model to help train robots and other artificial intelligence (AI) agents.
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V-JEPA 2, announced Wednesday (June 11), is designed to help AI agents “understand the physical world and predict how it will respond to their actions,” Meta said on its blog.
The tech giant says these capabilities are key to developing AI agents that think before acting,...
Stripe is deepening its involvement in the digital assets space by acquiring crypto firm Privy.
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Privy, which helps companies build crypto wallets, announced the deal on its website Wednesday (June 11). Terms of the purchase were not disclosed.
“Today, digital ownership and the financial systems that run the modern world are intersecting as never before,” Privy CEO Henri...
France took a major step forward in asserting its artificial intelligence (AI) power Wednesday (June 11) as home-grown startup Mistral AI and U.S. chipmaker Nvidia announced a landmark partnership to develop next-generation AI cloud services in France.
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During a high-profile panel at the Viva Tech 2025 conference, French President Emmanuel Macron, Nvidia CEO Jensen...
European payment technology company Paynt has acquired Canadian payment processor E-xact Transactions to accelerate its expansion across North America.
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The transaction gives Paynt a new operational hub in Vancouver, Canada, that joins its existing regional offices in the U.K., Ireland, the Baltic States and the U.S., the company said in a Wednesday (June 11) press...
Databricks reportedly projects that its data warehousing business will almost double in size this year.
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The company is also introducing a new database product that it hopes will enjoy a similar growth trajectory, Bloomberg News reported Wednesday (June 11).
A company spokesperson told the news outlet that Databricks expects $1 billion in revenue run rate for Databricks...