Anthropic Program Probes ‘Good and Bad’ of AI Disruption
Anthropic has debuted a program to study artificial intelligence’s (AI) impact on the labor market. The AI company’s…
Klarna Co-Founder’s Firm Pledges $348M to Climate-Focused AI
Investment group Norrsken VC has pledged $348 million to AI startups focused on climate change. The venture capital…
Fed Votes to Advance Plan to Ease Banks’ Capital Requirements
The Federal Reserve reportedly voted Wednesday (June 25) to advance a proposal that would ease the “enhanced supplementary…
Europe Reportedly Ignores Central Bank’s Warnings on Stablecoins
The European Commission is reportedly set to announce rules governing the stablecoin market. The rollout of these rules…
Tokenized Ledger Offers Better Solutions Than Stablecoins
A tokenized unified ledger developed by central banks and public authorities will enhance efficiencies without the shortcomings of…
Korean Central Bank Wants Slow Rollout for Stablecoins
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor…
Senate GOP Unveil Framework for Crypto Market Structure Bill
Republican senators on Tuesday (June 24) unveiled a set of principles to serve as a framework for the…
Wealthfront Plans IPO Amid Warmer Environment for FinTechs
Wealth management platform Wealthfront is reportedly the latest FinTech planning to go public. The company has filed confidentially…
CarMax Increases Loan Loss Provisions Amid Uncertainty
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. In…
IBM Creates Integrated Solution for AI Security and Governance
IBM has integrated two of its products and added enhancements to help businesses keep their generative artificial intelligence…
Private Equity Groups Hold $1 Trillion as Tariffs Hinder Dealmaking
Private equity (PE) groups are sitting on roughly $1 trillion in unsold assets. That’s capital that, in a…
OpenPayd, Circle Partner on Unified Fiat, Stablecoin Infrastructure
OpenPayd and Circle have partnered to offer global businesses a unified fiat and stablecoin infrastructure layer. This collaboration…