OpenAI Secures Pentagon AI Contract as Anthropic Faces Federal Ban
Sam Altman, CEO of OpenAI-Getty Images OpenAI has secured a contract with the Pentagon to incorporate its artificial intelligence models into classified military systems, according to an announcement by CEO Sam Altman. The news comes as tensions between the federal government and competing AI company Anthropic escalate. The contract was announced on the same day […]
Block Slashes Workforce as Jack Dorsey Puts Faith in AI-Powered Future
Jack Dorsey, CEO of Block Inc – Getty Images Jack Dorsey, co-founder and CEO of Block Inc., has announced a radical restructuring plan that will see the company’s workforce reduced from over 10,000 employees to under 6,000. This is one of the most drastic layoffs in the fintech industry and reflects the impact of artificial […]
America’s $1.3 Trillion Dollar Credit Card Debt and the Fintech Effort to Change It
Renaud Laplanche, CEO and co-founder, Upgrade A worrying money milestone now sits on America’s doorstep. Credit card totals hover near $1.3 trillion, which works out to over ten grand in ongoing debt for each home. Not everyone sees reckless shopping behind those numbers. Some experts point instead at deep flaws baked into how banks build […]
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