Sam Altman is reportedly set to return to OpenAI’s board following his ouster late last year. That’s because a review has determined there is no evidence he should have been fired, the Financial Times (FT) reported Friday (March 8). Altman was removed from his positions as CEO and board member from the artificial intelligence (AI) firm he helped start …
Amid a surge that echoes the rapid advancements and growing fascination with artificial intelligence, Nvidia is reportedly on the verge of overtaking Apple as the world’s second-most valuable company. At the core of Nvidia’s rise is its dominant position in the high-end AI chip market, in which it commands an 80% share, and a ravenous market demand for AI capabilities, Reuters …
PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business profile and PayPal Zettle users, letting them accept contactless card and digital wallet payments on their iPhones with no additional cost or hardware. “Consumers are increasingly going cashless,” …
Enterprise application software firm SAP is hoping artificial intelligence (AI) demand fuels its cloud revenues. To that end, the company has created the new role of chief AI officer to oversee AI implementation throughout its services suite, Bloomberg News noted Thursday (March 7) in an interview with that executive, Philipp Herzig. “An important part of our strategy is the …
Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so, while New York’s approval may be “a few months away,” said Musk, whose comments Wednesday (March 6) at the Morgan Stanley technology, media and telecom conference were reported by Reuters. …
Healthcare payments firm TrustCommerce added PayPal and Venmo to its U.S. platform. The collaboration, announced Wednesday (March 5) in a press release by PayPal, lets patients use the company and its sister firm Venmo to make payments to healthcare providers online within the existing platform with which they are already familiar. “In conversations with healthcare providers, we have heard loud and clear that …
Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by Walmart and Google’s GPay, saw a respective 7% and 6% …
China is reportedly taking measures to help its rising AI startups compete with tech giants. As the Financial Times (FT) reported Monday, at least 17 cities have committed to offering “computing vouchers” for startups to help them pay for increasing data center costs amid a shortage of the type of chips that are vital to the artificial …
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN MoMo) wallets, the companies said in a Wednesday (Feb. 28) press release. …
Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The company said in a Friday (March 1) filing with the National Stock Exchange of India that its board of directors has “approved the discontinuation of various inter-company agreements with its …