News

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How the UN AI Resolution Could Reshape Commerce
How the UN AI Resolution Could Reshape Commerce
July 03, 2024  |  Artificial Intelligence

The United Nations General Assembly greenlit Monday (July 1) a China-sponsored, United States-backed resolution on artificial intelligence, signaling a potential sea change in global AI...

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Hawk Updates AI Platform to Enhance Financial Crime Detection
Hawk Updates AI Platform to Enhance Financial Crime Detection
July 03, 2024  |  artificial intelligence

Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. The company’s new Entity Risk...

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Millions of Apple Apps Exposed to Potential Security Threat
Millions of Apple Apps Exposed to Potential Security Threat
July 03, 2024  |  Security & Fraud

Millions of Apple’s smartphone and computer/laptop apps were reportedly exposed to a security breach. The breach could be used for potential supply chain attacks, ArsTechnica...

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Sanctuary AI Marks $140 Million in Funding for ‘Humanlike’ Robots
Sanctuary AI Marks $140 Million in Funding for ‘Humanlike’ Robots
July 03, 2024  |  artificial intelligence

Canada’s Sanctuary AI has landed new funding to create “humanlike intelligence in general purpose robots.” The unspecified funding amount, announced Wednesday (July 3), came from venture...

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Interest Rates Prompt Major Firms to Scale Back Supply-Chain Finance Programs
Interest Rates Prompt Major Firms to Scale Back Supply-Chain Finance Programs
July 03, 2024  |  Supply Chain

In response to higher interest rates, several major companies have reportedly made the decision to reduce the size of their supply-chain finance programs. This financing option,...

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Forestay Capital Targets Enterprise AI, SaaS With $220 Million Fund
Forestay Capital Targets Enterprise AI, SaaS With $220 Million Fund
July 03, 2024  |  Investments

European venture capital firm Forestay Capital reportedly raised $220 million to invest in startups in the enterprise artificial intelligence and Software-as-a-Service (SaaS) sectors. This is...

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Walmart+ Subscribers Break the 30% Mark
Walmart+ Subscribers Break the 30% Mark
July 03, 2024  |  Subscription Commerce

As Walmart and Amazon leverage their paid membership programs to drive loyalty, the former is seeing millennials prove to be the most eager to subscribe....

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Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
July 03, 2024  |  Travel Payments

Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant...

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Report: JPMorgan Chief Market Strategist Marko Kolanovic Stepping Down
Report: JPMorgan Chief Market Strategist Marko Kolanovic Stepping Down
July 03, 2024  |  Personnel

JPMorgan Chase’s chief global market strategist Marko Kolanovic is reportedly stepping down. That’s according to a Wednesday (July 3) report by Bloomberg News, citing an...

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