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Microsoft is ramping up internal use of artificial intelligence (AI) tools to cut costs and increase productivity, even as the company trims thousands of jobs across departments.
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According to Bloomberg, Chief Commercial Officer Judson Althoff told employees in a recent presentation that AI is enhancing productivity across functions, including sales, customer service and...
The 60 million global users of OKX’s crypto app will soon be able to more easily convert between U.S. dollars and USDC stablecoins and back on a one-to-one basis.
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This enhanced capability will be enabled by a new partnership between OKX and Circle Internet Group, which issues USDC through a regulated affiliate, the companies said in a Wednesday (July 9) press release....
Restaurants are integrating artificial intelligence (AI)-powered robots end-to-end in their operations, doing tasks such as serving food to diners, cooking meals, delivering food and even mixing cocktails.
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Robots are taking more active roles in both customer-facing and back-kitchen tasks, as restaurants face a perfect storm of challenges that include rising labor and...
It’s a familiar story in finance: new asset class emerges, technologists overpromise, regulators hesitate, and suddenly someone in the CFO’s office has to take a meeting about it.
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Compared to other blockchain products, stablecoins are potentially poised to be one of the first to successfully capture new verticals that aren’t confined to crypto market ecosystems alone...
Sovos and Tungsten Automation have partnered on a compliant accounts payable (AP) solution that is designed to streamline the procure-to-pay and compliance lifecycle.
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The combination of the Tungsten Automation Platform and Sovos’ Tax Compliance Cloud creates a solution for intelligent invoice automation and global tax compliance, helping companies meet the demands of...
The Bank of England has fined Mastercard-owned Vocalink $16.2 million for inadequate risk management.
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The penalty, announced Wednesday (July 9), relates to the failure of the company — which provides real-time payments in the U.K. — to comply with governance weaknesses identified by the central bank in 2022.
It is the first time the Bank of England (BoE) has levied...
Blockchain solutions provider Insomnia Labs has debuted CreatorFi, a stablecoin-based credit platform for creators.
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The new offering, announced Wednesday (July 9), launched with a $12 million credit facility from investors including Kamui Finance, and integrates financial tools into the platforms creators are already using, letting them get advances on future earnings...
Kraken and Backed have expanded the availability of their tokenized U.S. equities offering by partnering with blockchain ecosystem BNB Chain.
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This offering, xStocks, provides users outside the U.S. with onchain access to tokenized U.S. equities, the companies said in a Wednesday (July 9) press release.
With BNB Chain joining the xStocks Alliance, the companies will...
Moment has raised $36 million in new funding for its fixed income automation offering.
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The company’s Series B round, announced Wednesday (July 9), was led by Index Ventures, with participation from Andreessen Horowitz, Lightspeed Venture Partners, Venrock, Neo and Contrary Capital, and brings Moment’s total funding to $56 million.
According to a news release, the funds...
A California bill aimed at regulating the use of artificial intelligence (AI) companion chatbots cleared a key legislative hurdle this week, as lawmakers sought to rein in these bots’ influence on the mental health of users.
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Senate Bill 243, which advanced to the Assembly Committee on Privacy and Consumer Protection, marks one of the first major attempts in the U.S. to...