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Rare Debt Drop Hides $49 Billion Rise in Card and Auto Balances
A rare decline in overall U.S. household debt has masked the fact that consumers are still adding balances to the forms of credit most closely tied to everyday spending and purchases. Total household debt slipped by $13 billion in the second quarter to $1
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Coinbase Enables Businesses to Get Paid by AI Agents
The Coinbase Business suite now allows businesses to get paid by artificial intelligence agents, Coinbase said in a Tuesday (Aug. 11) blog post. "The same checkouts you already use can now accept payments from AI agents via x402, an open standard for mach
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Tech's Big Push to Make AI Content Traceable
The internet's response to AI slop has mostly worked backward. Platforms scan content after it is already uploaded, then try to guess whether a machine wrote it, an inherently probabilistic bet that it is losing ground as synthetic content gets cheaper to
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White House Undoes TikTok Ban on Government Devices, Citing New Ownership
The White House has ended its ban on the use of TikTok on federal government devices, saying the shift of the app's U.S. operations to American investors has made it no longer a national security threat, Bloomberg reported Tuesday (Aug. 11). The Office of
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Anthropic Adds Watermarks to Denote AI-Generated Content
Anthropic has begun labeling its models' content as AI-generated to comply with new European Union regulations. The artificial intelligence (AI) startup noted the change on the support page for its Claude model Tuesday (Aug. 11), saying it came in respons
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Private Credit Firms Pull Back From Payment-In-Kind Perks
Private credit firms are reportedly moving away from an industry perk called payment in kind. As the Wall Street Journal (WSJ) reported Tuesday (Aug. 11), payments in kind (PIK) have become a widely-used "sweetener" in the private credit space, a sort of
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SchoolsFirst FCU Debuts Fuel Rewards as Gas Prices Climb
SchoolsFirst Federal Credit Union has debuted a rewards promotion in response to increasing gas prices. The limited time credit card rewards program, announced Tuesday (Aug. 11), is designed to help the credit union's members earn more on gas and electric
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PepsiCo Tests Its Factories in Software Before Steel
Before PepsiCo spends money physically expanding a plant, it builds a digital twin of that plant first. Using Siemens' Digital Twin Composer and running on Nvidia's Omniverse platform, PepsiCo recreates every machine, conveyor, pallet route and operator p
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Zerohash Connects Financial Institutions to Robinhood Chain
zerohash now enables its client base of banks, brokerages and payment companies to connect to Robinhood Chain and the assets running on it, including Global Dollar (USDG), the company said in a Tuesday (Aug. 11) press release. This capability is enabled b
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