AI Agents Become the API Economy’s Biggest New Customers

Every financial API was built for a human developer, a human analyst, or a human customer.…

• A person queries the endpoint.
• A person reviews the response.
• A person decides what to do next.

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Payment Choice Helps Decide Where Nearly Two-Thirds of US Shoppers Buy

A merchant can win the product search, the price comparison and the trip to checkout, only to discover that how a customer wants to pay can still influence where the purchase ultimately happens.…

• Payment acceptance now influences merchant choice for 65% of U.
• shoppers, according to the “Global Digital Shopping Index: U.
• Playbook, The New American Shopper,” a joint effort from PYMNTS Intell…

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Connecting What’s Next: Open Infrastructure for the Future of Commerce

This trade-off is no longer just a technical inconvenience.…

• It shapes how quickly a business can enter new markets, how well it co…
• A retailer stitching together five separate payment systems is a bit l…

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57% of SMBs Now Sell Through Their Own Websites

Small businesses increasingly see growth coming from the digital channels that extend their reach without requiring another storefront.…

• The PYMNTS Intelligence report “Why Main Street’s Digital Survivors Ar…
• It finds that most small and medium-sized businesses (SMBs) are growin…
• The gains remain uneven, but the data also point to practical opportun…

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Bitcoin records largest weekly dollar gain in history; Strive CEO predicts ‘strongest’ cycle ever

Bitcoin records largest weekly dollar gain in history; Strive CEO predicts ‘strongest’ cycle ever

• Bitcoin records largest weekly dollar gain in history; Strive CEO predicts ‘strongest’ cycle ever

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Crypto Card Spending Jumps Threefold in a Year, Paymentscan Data Shows

Cryptocurrency card spending has reportedly more than tripled in the last year amid increased retail purchasing.…

• Spending on these cards came to $1.
• 04 billion in July thanks to dollar-backed stablecoins and more people…
• Dollar-backed stablecoins were behind 70% of the more than 10 million …

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Walmart Aims to Take On Amazon With Trendier Apparel

Walmart is reportedly rolling out a new line of clothing to court younger consumers.…

• The retailer’s Scenario brand is set to debut this week, with most ite…
• While the company has historically been known for selling items like l…
• “We knew we weren’t servicing all their closet needs,” Denise Incandel…

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Private Equity Groups Begin Placing AI Experts in Portfolio Companies

Private equity firms have reportedly begun placing artificial intelligence experts within their portfolio companies to grow those businesses.…

• That’s according to a report Friday (Aug.
• 21) from The Wall Street Journal (WSJ), which cites the example of Wal…
• 5 billion partnership with Anthropic to form an approximately 160-pers…

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OpenAI Exec Tells People to Expect Routine AI-Driven Cyberattacks

One of OpenAI’s leading executives says people should prepare themselves for routine artificial intelligence-related cyberattacks.…

• Chris Lehane, the AI startup’s chief global affairs officer, gave this…
• 23), days after his company paused development on its latest model fol…
• “We are hitting a different chapter, a different moment within AI, in …

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Helcim Raises $38 Million to Fill Small Business Banking Void

Helcim, a payments company focused on Canadian small and medium-sized businesses, has raised $38 million in new funding.…

• The Calgary startup’s Series C round will help Helcim invest in its pl…
• 21) news release.
• “There’s a real void in the market right now — merchants are coming to…

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BitMart Rethinks Shutdown of Its Crypto Exchange

Last month, cryptocurrency exchange BitMart announced plans to wind down its operations.…

• Now, the company says it is exploring a way to remain open, according …
• “Following further discussions with members of the community, our stak…
• “The potential plan may include the phased resumption of certain opera…

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Anthropic Customers Switch to Cheaper Models Ahead of IPO

Anthropic customers are reportedly using lower-cost alternatives to its most powerful artificial intelligence model.…

• That’s according to a report Sunday (Aug.
• 23) by the Financial Times (FT), which contends that this development …
• customers raises questions about Anthropic’s aggressive spending ahead…

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Apollo Economist Says AI Affecting Wages More Than Employment

Artificial intelligence is affecting the labor market, though not in the way people might think.…

• That’s according to Torsten Slok, Apollo Global Management’s chief eco…
• 22) that the impact of AI can be seen on weaker wage growth rather tha…
• Slok and fellow research Sania Edlich looked at around 300 occupations…

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DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

• DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

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Who’s behind the new ‘stealth model’ Ox Alpha?

A mysterious new AI model called Ox Alpha has driven certain corners of the internet into a frenzy of speculation.

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Linkdaze’s smart calendar is built to run a household, not just track a schedule

Linkdaze's smart digital calendar stands out for not putting its features behind a paywall, including an AI meal planner tool.

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Uber faces fine of nearly $1B over automated driver suspensions

The Dutch Data Protection Authority is fining Uber €825 million in the second largest penalty issued under Europe’s GDPR.

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Tether’s $120 million Uruguay bitcoin mining project collapsed over a power contract dispute: Reuters

Tether’s $120 million Uruguay bitcoin mining project collapsed over a power contract dispute: Reuters

• Tether’s $120 million Uruguay bitcoin mining project collapsed over a power contract dispute: Reuters

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TechCrunch Mobility: The custom chip driving Waymo’s robotaxi ambitions

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.

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63% of Religious Books on Amazon Are Likely AI-Written, Study Finds

Witchcraft books had the highest rate of likely AI-generated content at 78%, according to an Originality.ai analysis of more than 2,000 titles.

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Flock CEO calls for ‘compromise’ as surveillance company faces growing backlash

Flock Safety faces a growing public outcry over concerns that its surveillance technology could be misused.

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Is it legal to train AI models on copyrighted books? It’s complicated

Most published authors have, without their knowledge or consent, contributed to the development of the same AI tools that threaten to undermine their livelihoods. That seems illegal, right?

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Robot Brains Could Have Their ‘ChatGPT Moment’ by 2027, ACE Robotics Chairman Says

The breakthrough could come from AI models that help robots understand and interact with the physical world, though widespread adoption may still be years away.

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Two years after launch, Walmart’s Flipkart is closing in on India’s quick-commerce leaders

Flipkart's quick-commerce venture is delivering 1.1 million to 1.2 million orders a day, nearly triple its November volume.

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