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The European Commission said Thursday (July 10) that it published the final version of a voluntary framework designed to help artificial intelligence companies comply with the European Union’s AI Act.
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The General-Purpose AI Code of Practice seeks to clarify legal obligations under the act for providers of general-purpose AI models such as ChatGPT, especially those...
AI infrastructure startup New Generation (New Gen) says its platform now allows for agentic commerce.
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This new offering is designed to power secure, artificial intelligence (AI)-initiated transactions “through intelligent storefronts and embedded payment flows,” the company said in a Thursday (July 10) news release.
The platform now lets AI agents “quickly and securely...
Chinese FinTech company Ant Group reportedly plans to add Circle’s USDC stablecoin to its blockchain platform after the coin becomes compliant in the United States.
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The timeline for the move has not been determined, but the companies are working to make it happen, Bloomberg reported Thursday (July 10), citing unnamed sources.
Neither Ant Group nor Circle immediately...
The United Kingdom’s Financial Conduct Authority shuttered over 1,600 websites last year suspected of promoting financial services without permission.
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The sites were either suspended, removed or blocked as part of an ongoing anti-financial crime effort, according to a Thursday (July 10) press release issued with the FCA’s annual report.
“Our annual report shows how we’...
The number of Americans filing for unemployment last week dropped, even as the number who are unemployed rose to the highest level since November 2021.
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Reuters reported Thursday (July 10) that these figures suggest that employers are holding on to their current workers even though they have been cautious about adding more employees.
The Department of Labor (DOL) said in...
Open banking, and specifically pay by bank, promises to transform commerce by letting consumers make purchases and funds transfers directly from their accounts.
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But as PYMNTS Intelligence has demonstrated over the course of several months and several reports, though the payment option promises faster fund flows as banks verify accounts and sufficient funds in real time...
Sales cycles are longer. Budgets are tighter. Customer churn is costlier than ever.
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These are just three themes that are defining 2025’s midway point for B2B firms.
Add to that on-again, off-again tariffs and an uncertain geopolitical landscape, and contemporary operational realities have left many B2B companies re-evaluating how they grow. Traditional growth plays,...
Investment firm Propel Venture Partners has raised $100 million for its latest fund.
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The new funding brings Propel’s total commitments to more $436 million and will be used to invest in “areas where technology and financial services converge,” the company said in a Thursday (July 10) news release.
The release notes that financial services is a major part of the world...
Embedded finance company Weavr launched a partnership with Visa in Europe.
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The collaboration will allow Weavr to help software-as-a-service (SaaS) companies integrate Visa-powered financial products into their platforms, according to a Thursday (July 10) press release. The effort will initially focus on the employee benefits space.
“Globally, employers are transitioning...
Delta Air Lines reported Thursday (July 10) that it earned record revenue in the June quarter and restored its full-year financial guidance as demand for air travel stabilized.
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The company said its quarterly revenue rose 1% year over year and that it expects earnings per share of $5.25 to $6.25 for fiscal year 2025, according to a Thursday earnings release.
“Through the...