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JPMorgan Chase Unveils AI-Powered Tool for Thematic Investing
JPMorgan Chase Unveils AI-Powered Tool for Thematic Investing
May 03, 2024  |  Artificial Intelligence

J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday...

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Google Asks Judge to Reject Proposed Changes to App Store
Google Asks Judge to Reject Proposed Changes to App Store
May 03, 2024  |  Legal

Google reportedly asked a judge to reject an Epic Games proposal that would reform how the Google Play store operates. Google said in a Thursday (May 2) court filing that...

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Online Marketplaces Deploy AI to Provide Personal Shopper Experience
Online Marketplaces Deploy AI to Provide Personal Shopper Experience
May 03, 2024  |  Retail

Online marketplaces are reportedly deploying artificial intelligence (AI) to deliver a personal shopper-like experience to their visitors. EBay, Etsy and ThredUp are among the online marketplaces now leveraging AI technology...

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Report: Sycamore Partners Interested in Taking Nordstrom Private
Report: Sycamore Partners Interested in Taking Nordstrom Private
May 03, 2024  |  Retail

Sycamore Partners, a buyout equity firm that owns department store operator Belk, is reportedly among the firms interested in taking Nordstrom private. The company is...

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Pinegrove Capital Partners-Affiliated Entity to Buy SVB Capital
Pinegrove Capital Partners-Affiliated Entity to Buy SVB Capital
May 03, 2024  |  Acquisitions

SVB Financial Group has entered into a definitive agreement to sell its investment platform business, SVB Capital. The buyer is a newly created entity affiliated...

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Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
May 03, 2024  |  Regulation

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. This disclosure in a filing with the Securities and Exchange Commission (SEC)...

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Booking Holdings Says ‘Connected Trip’ Attracts New, Repeat Travelers
Booking Holdings Says ‘Connected Trip’ Attracts New, Repeat Travelers
May 02, 2024  |  Earnings

Online travel company Booking Holdings is seeing results from its deployment of new tech-driven initiatives. These initiatives include its “connected trip” vision, its artificial intelligence (AI) capabilities...

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BILL’s Payment Processing Rises 20% as Small Businesses Adopt ePayments
BILL’s Payment Processing Rises 20% as Small Businesses Adopt ePayments
May 02, 2024  |  Earnings

The number of small- to medium-sized businesses (SMBs) using BILL’s solutions to digitize their operations and adopt electronic payments increased by 10,000 over the past...

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Microsoft Bans Police Use of AI Service for Facial Recognition
Microsoft Bans Police Use of AI Service for Facial Recognition
May 02, 2024  |  artificial intelligence

Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this...

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