Visa is seeing continued momentum in Tap to Pay and digital credential issuance, as consumers continue to spend on their debit and credit cards. CEO Ryan McInerney said on the call that overall payments volume in the second fiscal quarter was up 8% year over year (YoY), while U.S. payments volume was 6% higher YoY. International […]
Advancements in artificial intelligence (AI) may drastically improve the accuracy of weather predictions, potentially increasing profits for businesses that rely on forecasting. Google has introduced a new AI model capable of producing accurate, large-scale weather forecasts at a lower cost than traditional methods. Experts say AI models could streamline operations, cut costs and bolster decision-making across […]
Smaller artificial intelligence (AI) models, like Microsoft’s recently unveiled Phi-3-mini, are proving that bigger isn’t always better for business applications. These lightweight, efficient models can tackle content creation and data analysis without the hefty computational requirements and costs associated with their larger counterparts, experts say, making AI more accessible and cost-effective for businesses. “Small language models have a lower probability of […]
Apple will reportedly launch new products in a May 7 online event. The company sent invitations to the media Tuesday (April 23), and those files feature a graphic that includes the iPad stylus, Apple Pencil, CNBC reported Tuesday. The graphic can also be seen on the Apple Events page. New iPad models are expected to be released this […]
Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50 million in warehouse facility, the company said in a Monday (April 22) press release. Pomelo offers a product that combines credit and international money transfer, according to the […]
Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. They gained entry to the networks on Feb. 12, using compromised credentials on an application that allows staff to remotely access systems, The Wall Street Journal (WSJ) reported Monday (April 22). During the nine days they were […]
Verizon is crediting flexible price plans and streaming bundles for its slowing customer losses. The wireless provider on Monday (April 11) reported that it lost 68,000 monthly wireless phone subscribers during the first quarter of 2024. According to a report by CNBC, that was compared to a loss of 127,000 in the first quarter of last year. The company has said that its myPlan […]
While digital identities incorporate various data points such as name, email and physical address, phone numbers are swiftly emerging as the predominant means of identification. Data from digital identity platform iconectiv underscores this trend, revealing that mobile phones serve as the primary identifier for roughly 3 billion individuals globally. As a result, businesses frequently turn to phone […]
Verafin has added an artificial intelligence (AI) copilot to its suite of financial crime management solutions. The new Entity Research Copilot is being rolled out to the firm’s customer base of more than 2,500 financial institutions, the Nasdaq company said in a Monday (April 22) press release. “As financial crime continues to evolve, we remain committed to empowering institutions […]
Independent digital investment advisor Betterment has reached an agreement with Goldman Sachs to acquire the digital investment accounts of Marcus Invest. Subject to customary closing conditions, those accounts will be transferred to Betterment around June 29, the companies said in a Monday (April 22) press release. Customers will have the option to opt out of this transfer. Those who are transferred […]
Get ready for AI to make videos from just your picture. Microsoft Research recently unveiled VASA, a new AI framework demonstration capable of generating “hyper-realistic” talking faces from a single portrait and speech audio, possibly reducing the reliance on webcams. The new technology introduces a shift in video conferencing, potentially making webcams obsolete by synthesizing lifelike facial […]
FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Like Beeline’s existing offering, the new experience, which is dubbed Colmena (“hive” in English), will adjust to applicants on the fly, preapprove them in real time, and offer conventional or non-qualified mortgage products like bank statement loans, the company said in a […]