ARKW: Near-Term Headwinds, Long-Term Growth Potential

Tapping a card or smartphone at checkout has become second nature for many consumers. What began as a convenience feature has evolved into an expectation, with contactless payments now accounting for roughly 60% of U.S. transactions. While the pandemic accelerated early adoption by raising concerns about shared touchpoints like point-of-sale terminals, contactless payments have entered…

As mobile wallets have become increasingly mainstream, they have largely been dominated by technology giants like Google and Apple. Mastercard is looking to broaden that landscape with new tools that allow banks and fintechs to build their own digital wallets directly into their existing apps. Mastercard’s Wallet Services platform enables companies to develop digital wallets…

In June, the U.S. government required Anthropic to restrict access to its two newest models by foreign nationals, citing national security and cybersecurity concerns. Unable to verify users’ nationality in real time, Anthropic temporarily withdrew access to the models for all users. A few weeks later, the Chinese company Moonshot AI released its Kimi K3…

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Warren Buffett and Michael Burry, two investors closely watched across global markets, are taking diametrically opposite positions on the artificial intelligence frenzy, setting up a rare, high-stakes clash over whether Silicon Valley’s hottest trade is a once-in-a-generation opportunity or a bubble waiting to burst. Their positions, revealed in recent disclosures and letters, come as concerns…

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