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Microsoft AI (MAI) has begun public testing of the first foundation model it trained in-house.
The model, dubbed MAI-1-preview, is being tested on LMArena, a platform for community model evaluation, the company said in a Thursday (Aug. 28) blog post.
“This represents MAI’s first foundation model trained end-to-end and offers a glimpse of future offerings inside Copilot,” the company...
Affirm notched new highs across several business lines in the June quarter, as buy now, pay later (BNPL) momentum continued online and in-store, underpinned by 0% APR monthly installment loans.
The company’s materials, released Thursday (Aug. 28) showed that gross merchandise volumes soared 34% to $10.4 billion.
Revenues gained 33% to $876 million.
In detailing growth with the Affirm...
The Commodity Futures Trading Commission (CFTC) said Thursday (Aug. 28) that American companies that left the country to enable crypto asset trading now have a way to participate in American markets.
That’s according to CFTC Acting Chairman Caroline Pham, who announced a new foreign board of trade (FBOT) advisory from the agency that is meant to provide regulatory clarity for non-U.S....
OpenAI has released what it calls its “most advanced speech-to-speech model yet.”
Dubbed gpt-realtime, the model is better at following complex instructions, calling tools with precision, and producing speech that sounds more natural and expressive, the company said in a Thursday (Aug. 28) blog post.
“We trained the model in close collaboration with customers to excel at real-world...
In an era defined by volatility, resilience is strategy. And treasury, once confined to spreadsheets, is becoming the resilience function par excellence.
Across industries, a convergence of forces—ranging from geopolitical uncertainty and volatile capital markets to rising fraud risks, the explosion of data and the promise (and pitfalls) of artificial intelligence (AI)—is pulling...
The European Commission has proposed reducing some of its tariffs on U.S. goods to gain relief from U.S. tariffs on European Union cars and car parts.
The Commission said in a press release that its proposals include eliminating tariffs on U.S. industrial goods, providing preferential market access for some U.S. seafood and agricultural goods, and prolonging the tariff-free treatment...
Off-price retailer Burlington Stores had an “extraordinarily strong” second quarter and raised its full-year guidance, but it remains cautious about the rest of the year due to external risks.
That’s according to Burlington Stores CEO Michael O’Sullivan, who spoke to investors Thursday (Aug. 28) during the company’s quarterly earnings call. He added that the retailer is managing its...
Best Buy saw quarterly sales creep up as consumers increased their tech spending.
The electronics retailer released second-quarter earnings Thursday (Aug. 28) that showed sales growth of 1.6%, the highest rate in three years. Sales were driven purchases in several product categories, including computing, mobile phones, wearables, headphones and gaming, thanks to the release of Nintendo...
Chainlink has teamed with the U.S. Department of Commerce to bring government macroeconomic data on-chain.
The new Chainlink Data Feeds, announced Wednesday (Aug. 28), aim to securely deliver important information involving key U.S. economic data on-chain, including real gross domestic product (GDP), personal consumption expenditures (PCE) price index and real final sales to private...
Uber has added thousands of Dollar Tree locations to the Uber Eats platform.
A new partnership with the discount retailer, announced Thursday (Aug. 28), lets customers around the U.S. make purchases from nearly 9,000 Dollar Tree stores and have them delivered to their homes.
“Bringing Dollar Tree to the Uber Eats platform means customers can now enjoy the great value and everyday...