Author: Press Room

ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has caught the attention of payments services providers keen to unlock the potential of the generative AI that powers it. Generative AI is set to revolutionize various sub-verticals within the payments industry. The most significant impact is expected to be seen in payment networks, mobile wallet providers, and issuing banks.  Over the next few years, we expect to see many positive use cases for generative AI. The most viable and valuable are believed to be in authentic chat, personalization, credit scoring, payment optimization, and fraud…

Twitter appeared to start removing legacy blue checkmarks from many accounts on Thursday. Figures like Bill Gates, Justin Bieber, and Selena Gomez saw their verification badges disappear.  Twitter has said individual users will need to start paying $8 per month for verification. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Some Twitter users are watching their legacy blue checkmarks disappear from their accounts as Elon Musk implements an $8 monthly subscription program.Twitter said it was culling free blue ticks on Thursday from users who became…

How much of the booming generative AI market will disappear into the maws of the biggest tech companies? And what will be left over for the many other companies that are hoping to cash in on the tech world’s latest craze?It may be less than five months since the launch of ChatGPT, but those questions already loom large as the biggest tech companies race to stake out large parts of the territory for themselves.Amazon has been the latest to set out its generative AI stall, through its Amazon Web Services cloud computing arm. Along with its own large AI models,…

Conservative talk radio host Larry Elder announced Thursday that he’s launching a 2024 presidential campaign, joining a growing list of Republicans vying for the GOP nomination. Elder will speak at the Iowa Faith and Freedom Coalition this weekend. Other 2024 GOP hopefuls are expected to speak as well, including former President Donald Trump, former Arkansas Gov. Asa Hutchinson and South Carolina Sen. Tim Scott, who recently launched an exploratory committee. Elder was the top Republican opponent to California Gov. Gavin Newsom, a Democrat, during the unsuccessful recall effort in 2021, which had emerged due to partisan anger over the governor’s…

Shares of GameStop Corp. Cl A GME, -5.11% slipped 5.11% to $20.22 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.60% falling 0.60% to 4,129.79 and Dow Jones Industrial Average DJIA, -0.33% falling 0.33% to 33,786.62. This was the stock’s fifth consecutive day of losses. GameStop Corp. Cl A closed $27.77 below its 52-week high ($47.99), which the company reached on August 8th. The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Apple Inc. AAPL, -0.58% fell 0.58% to $166.65, AT&T…

Some commodities that are grown rather than mined, known as “softs” to traders, have rallied so far this year, with sugar prices this week trading at their highest price in 11 years and orange-juice futures touching their highest prices on record.“Most of the softs sector fall under the category of ‘weather derivatives’,” as weather plays a key role, said Darin Newsom, Barchart senior market analyst. In recent years, Brazil has dealt with a La Niña weather pattern that reduced production of some of their main crops such as sugar, coffee, and soybeans at a time when demand for many of…

Trust me, I speak from experience. Just last year I cashed a check for $274.03 from another settlement. In this case, it was a class-action lawsuit against Noom, the weight-loss program I had signed up for some years ago. The suit charged that the company’s “autorenewal and cancellation practices violated both common law and consumer protection laws nationwide,” according to the settlement website. Noom denied the allegations, but settled the suit for $56 million, with the company saying that it believed “the settlement is the best path forward as it allows us to focus our energy on delivering the best…

© Reuters. After-hours movers: F5, Tesla fall post earnings; Las Vegas Sands, IBM gain After-Hours Stock Movers: F5 Networks (NASDAQ:) 5% LOWER; Q2 EPS of $2.53, $0.11 better than the analyst estimate of $2.42. Revenue for the quarter came in at $703 million versus the consensus estimate of $698.85M. F5 Networks sees Q3 2023 EPS of $2.78-$2.90, versus the consensus of $3.05. F5 Networks sees Q3 2023 revenue of $690-710M, versus the consensus of $747M. Tesla (NASDAQ:) 4% LOWER; Q1 EPS of $0.85, $0.01 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $23.3 billion…

By Peter Nurse    Investing.com — Oil prices retreated Monday, handing back some of the recent gains ahead of the latest news of China’s economic growth, as traders look for signs of demand recovery at the largest crude importer in the world. By 08:00 ET (13:00 GMT), futures traded 0.7% lower at $81.88 a barrel, while the contract fell 0.6% to $85.75 a barrel.  Both benchmarks recorded their fourth weekly gains last week, the longest such streak since mid-2022, continuing to be boosted by the output cuts announced by OPEC+ producers earlier this month. The also helped sentiment last week by…

By Clark Mindock (Reuters) – Neighbors of Seattle-Tacoma International Airport on Wednesday sued the airport’s operator and two airlines over jet pollution they said is making them sick and damaging their properties. In a proposed class action lawsuit filed in Washington state court, residents who live within five miles of the airport claimed pollution including benzene and lead from jets taking off and landing has caused a spike in cancer and heart disease rates, and contaminated their homes. The residents asked for an order forcing the Port of Seattle, Alaska Airlines and Delta Airlines (NYSE:) to establish a fund for…