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Meta CEO Mark Zuckerberg is on an artificial intelligence talent acquisition spree, reportedly approaching several high-profile AI startups for a potential acquisition.
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According to multiple news reports, these startups included the following:
Perplexity AI
Runway
Thinking Machines, which was co-founded by OpenAI’s former CTO Mira Murati.
Safe Superintelligence (SSI),...
OpenAI is busy rolling out a suite of office productivity features on ChatGPT that puts it in direct competition with its main investor and partner, Microsoft, and key rival, Google.
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Since early June, OpenAI has buffed up ChatGPT to do office work:
Record Mode: Record and transcribe any meeting, brainstorming session or voice note. ChatGPT will pull out key points and...
Medical-focused artificial intelligence (AI) startup Abridge has reportedly raised $300 million.
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The funding values Abridge at $5.3 billion and will help the company develop its tool that uses AI to automate doctors’ note-taking, The Wall Street Journal (WSJ) reported Tuesday (June 24).
Abridge Co-founder and CEO Dr. Shiv Rao told the WSJ that the new capital will help...
The Financial Action Task Force (FATF) has updated its list of countries with financial-crime-prevention deficiencies.
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The international body announced after its meeting this week that it had added the British Virgin Islands and Bolivia to its list of “Jurisdictions Under Increased Monitoring.”
According to an announcement Monday (June 23) from the U.S. Financial Crimes...
Medius has added embedded payments to its accounts payable (AP) automation and spend management solutions.
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The company’s new Medius Payments solution builds upon its existing Medius Pay solution and introduces straight-through payments capability, allowing payment batches to be built and executed directly from its platform, the company said in a Tuesday (June 24) press...
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins.
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The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial banks.
“It is desirable to first allow banks, which are under a high level of regulations, to issue (won-based stablecoins) and gradually...
A tokenized unified ledger developed by central banks and public authorities will enhance efficiencies without the shortcomings of stablecoins, the Bank for International Settlements (BIS) said Tuesday (June 24).
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Stablecoins “fall short” as a form of sound money and “without regulation pose a risk to financial stability and monetary sovereignty,” BIS said in a Tuesday...
Federal housing regulators will examine whether cryptocurrency holdings should affect Americans’ mortgage applications.
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In a Monday (June 23) post on social platform X, Federal Housing Finance Agency Director Bill Putle said his department will review how crypto assets might be included in the income checks by entities such as Fannie Mae and Freddie Mac.
We will study...
Mastercard and Fiserv have partnered to explore ways Mastercard’s global payments network can integrate Fiserv’s new stablecoin, FIUSD.
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The collaboration will enable individuals and businesses to use FIUSD across more than 150 million merchants, the companies said in a Tuesday (June 24) press release.
“This work with Fiserv is setting the stage for a new era, where...
Digital Asset has raised $135 million to promote adoption of its Canton Network blockchain.
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The funding round, announced Tuesday (June 24), was led by DRW Venture Capital and Tradeweb Markets, with participation from numerous investors including Goldman Sachs, which had helped launch the blockchain.
“This funding accelerates institutional and decentralized finance...