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Will artificial intelligence (AI) make human workers obsolete — or make them more valuable than ever? That is the burning question in the age of AI, one that understandably concerns many workers.
But MIT economics professor David Autor argues that AI will end up generally augmenting workers instead of replacing them.
“There are two competing visions of AI. One is machines make us irrelevant....
JPMorgan’s CEO says America’s latest tariffs could dampen an economy that was “already weakening.”
In his annual letter to shareholders, published Monday (April 7), Jamie Dimon argues that there are several uncertainties tied to the tariff policy: the effect on confidence, investments, corporate profits and the U.S. dollar, as well as retaliation by other countries.
“The quicker this issue is...
Cryptocurrency prices sank early Monday (April 7) in Asia, collateral damage in America’s trade war.
According to a Bloomberg News report, Bitcoin lost around 7% of its value Sunday (April 6) night into Monday morning in Singapore, hitting a low of $77,077. The second-most-popular crypto token, Ether, fell to $1,538, an intra-day low unseen since October of 2023.
These losses are happening as...
It takes a lot to get most people to agree on anything.
Even members of the same family have a hard time deciding what movie to watch on a Friday night, what to name the new puppy or what color to paint the living room. Getting consensus across an organization to move a new project forward can become painstakingly arduous — that’s quite often why inertia reigns supreme.
There is one thing that...
America’s changing cryptocurrency landscape could soon bring Tether’s stablecoin to the U.S.
The company is considering offering a U.S.-only stablecoin, assuming the government brings forth regulations encouraging new entrants to the market, Tether’s CEO told the Financial Times (FT) in a report published Monday (April 7).
Paolo Ardoino said Tether was involved in talks about U.S. rules governing...
File this under things you couldn’t say two years ago: Blockchain technology is maturing, and its potential for compliant, mainstream use is growing.
“Banks are in the state where they are thinking about blockchains as public infrastructure that they need to rely on,” Chainalysis co-founder and CEO Jonathan Levin told Karen Webster.
In particular, Levin said the adoption of stablecoins is one of...
Late last year, PYMNTS Intelligence reported that 28% of payments executives were seeing an increase in fraud and risk management uncertainties, and a commensurate percentage saw losses exceeding half a million dollars in the preceding 12 months.
It’s no surprise to Eric Stratman, senior director of analytics and insights at ValidiFI, who told PYMNTS in an interview that many firms grapple with...
Despite its potential, pay by bank, or open banking payments, remains a largely untapped opportunity, but a new report suggests that the right incentives could be the key to unlocking widespread consumer adoption.
The collaboration between PYMNTS Intelligence and Trustly, titled “What Consumers Need for Pay by Bank to Catch On,” explores U.S. consumers’ current awareness of and inclination...
In a world increasingly driven by efficiency, the way businesses handle invoicing and billing is undergoing a quiet, digital revolution.
It couldn’t be happening at a better time. For decades, paper-based billing systems have burdened companies with excessive operational costs. The expense of printing, mailing and manually processing invoices adds up quickly, and doesn’t even scratch the surface...
Banks eyeing the demand for faster payments — from consumers and corporate clients alike — know they must offer real-time capabilities.
If they don’t, they risk losing those customers to financial institutions (FIs) that do.
The PYMNTS Intelligence report “Real-Time Readiness: Bridging Gaps in FIs’ Instant Payments Adoption,” a collaboration with The Clearing House, found that banks face several...