Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a …
The payments giant’s midyear outlook forecasts 2.4% global growth in 2026, crediting an investment boom and online price competition for absorbing the strain of higher energy costs. The company that sees a slice of nearly every card swipe on the planet…
California Governor Gavin Newsom and top Democratic legislators agreed on a $351.7 billion state budget that will extend sales tax to prewritten software downloaded from the web. The tax is expected to raise $900 million for the state and another $1.1 …
The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflati…
Microsoft added reusable Skills, new financial data connectors, and traceability features to Copilot in Excel, built specifically for finance teams.
The era of AI was ushered in with dazzling displays of its seemingly endless capabilities and a promise to change the world. After OpenAI sparked the generative AI boom in 2022, the pace and scale of AI growth in just about every major industry have be…
Cerebras nearly doubled its revenue and guided 2026 sales above Wall Street’s estimates. Its stock still fell about 10%. The reason was a margin squeeze, caused not by a shortage of chips but by a shortage of buildings. Cerebras just learned the price …
The semiconductor super-cycle has made South Korea’s chip workers extraordinarily well paid, and the country’s central bank is now worried about what happens when that money hits the wider economy. The Bank of Korea warned this month that performance b…
Crypto firms have spent years trying to convince banks that they’re safe to do business with. Even now, with far more regulation in place than a few years ago, plenty of those firms still get turned away at the door. Jelizaveta Paskovskaja, Money Laund…
OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The catch, reported by The Information: around $665bn of commitments sitting just off the balance sheet, now heading for regulators’ desks. On paper, OpenAI looks like a lean s…