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Report: Microsoft Develops Internet-Free AI Model for Spy Agencies
Report: Microsoft Develops Internet-Free AI Model for Spy Agencies
May 07, 2024  |  artificial intelligence

Microsoft has reportedly built a generative AI model designed for U.S. intelligence agencies. The development marks a milestone in the artificial intelligence (AI) sector, in that officials...

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Private Equity Firms Considering Buyout of Peloton
Private Equity Firms Considering Buyout of Peloton
May 07, 2024  |  Acquisitions

Private equity firms have reportedly been considering a buyout of Peloton. At least one firm has talked with Peloton about going private, and a number...

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Cloud Security Firm Wiz Valued at $12 Billion After Funding Round
Cloud Security Firm Wiz Valued at $12 Billion After Funding Round
May 07, 2024  |  Investments

Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder and CEO Assaf Rappaport discussed the funding in a Tuesday (May 7) interview...

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American Express GBT: Global Multinationals Increase Their Business Travel
American Express GBT: Global Multinationals Increase Their Business Travel
May 07, 2024  |  B2B Payments

American Express Global Business Travel (Amex GBT) saw global multinational customers increase their business travel during the first quarter. The growth in travel by these companies outpaced that...

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Revolut Debuts Crypto Exchange for Professional UK Traders
Revolut Debuts Crypto Exchange for Professional UK Traders
May 07, 2024  |  News

British FinTech Revolut has unveiled a stand-alone cryptocurrency exchange for professional crypto traders.  Revolut X, announced Tuesday (May 7), is designed to compete with other...

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Neobank Dave Attributes Best-Ever Credit Performance to AI-Driven Underwriting Engine
Neobank Dave Attributes Best-Ever Credit Performance to AI-Driven Underwriting Engine
May 07, 2024  |  Earnings

Neobank Dave said it improved its credit performance over the past year with the use of artificial intelligence (AI). Between the first quarter of 2023 and...

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Square Debuts Restaurant Kiosk for Self-Serve Ordering
Square Debuts Restaurant Kiosk for Self-Serve Ordering
May 07, 2024  |  Restaurant innovation

Square has introduced a tool to allow self-service ordering at fast food restaurants. Square Kiosk, announced Tuesday (May 7), is a combined software, hardware and payment solution...

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Pandora: Young Shoppers Take Shine to Lab-Grown Diamonds
Pandora: Young Shoppers Take Shine to Lab-Grown Diamonds
May 07, 2024  |  Retail

Pandora’s abandonment of mined diamonds has apparently not hindered its standing with younger consumers. Speaking to the Financial Times (FT) Tuesday (May 7), Alexander Lacik, CEO of...

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Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
May 07, 2024  |  CFPB

Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection...

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