Meta is building a cloud business to sell excess AI compute
Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and ...
Tag: Bloomberg
BOE’s Breeden warns AI agents risk causing market meltdowns
Autonomous artificial intelligence agents risk causing “market meltdown” and may need tighter regulation, Bank of England Deputy Governor Sarah Breeden ...
Visa, Stripe among firms linking up on mainstream stablecoin
Visa Inc., Stripe Inc. and Bank of New York Mellon Corp. are among dozens of financial firms linking up to ...
Apple Pay will let shoppers check out using American Express points
American Express Co. will now allow US cardholders to use points on Apple Pay, Apple Inc.’s digital wallet and contactless payment service. The feature ...
Musk starts expanding X payments to more users after delay
Elon Musk is expanding access to digital payment venture X Money to a subset of premium users on social network ...
JPMorgan’s Lake exits, setting up new race to succeed Dimon
JPMorgan Chase & Co. named Troy Rohrbaugh and Doug Petno co-presidents as the abrupt departure of consumer banking chief Marianne ...
Data center surge brings risk for states and munis, Moody’s Says
A flood of data center projects with their heavy power and water demands are introducing credit risks for state and ...
Oracle cut 21,000 jobs in 12 months, says AI replaced some roles
Oracle Corp. reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including ...
Europe fights to loosen America’s grip on payment systems
American companies dominate the invisible system that facilitates global payments. Tap a card in a Paris cafe, and, within seconds, ...
Robinhood culls 300 in 10% headcount cut as fintechs retrench
Robinhood Markets Inc. said it’s cutting 10% of its workforce, a reduction of around 300 positions, to “remain lean and ...
