Elon Musk says Tesla should spend even more on AI — even if some money ends up being wasted. The EV giant’s capital expenditure soared 142% year-over-year to $5.8 billion in the second quarter as Musk’s AI spending spree ramped up. Speaking on an analyst call after Tesla’s earnings on Thursday, Musk said that he…
My kid did what?If you are a parent or a pet owner, you are familiar with the experience of your child or pet doing something you previously never thought about because you assumed it was impossible for them to do such a thing. And yet, you stand there, dumbfounded and slack-jawed, as your child/pet stands…
The different price action between artificial-intelligence hyperscalers and chip and infrastructure stocks is a throwback to a setup in the late 1990s, argues JPMorgan.
Zero Hash Holdings LLC said early Wednesday it will work with Marqeta, a card-issuing platform, to allow Marqeta clients to issue cards with stablecoin-based payment capability built in. The arrangement will enable stablecoin users to spend balances in digital dollars at a merchant base amounting to tens of millions around the world, the companies say….
The product is part of an “All-in AI” model. Credit: Deemerwha studio/ Shutterstock.com. Advyzon has introduced Advyzon AI, a built-in AI system within its wealth management technology and data platform for financial advisers and investment managers. The product is part of an “All-in AI” model, where intelligence is incorporated across one platform, one data model…
Global mobility is no longer a niche concern reserved for a small subset of internationally minded families. Instead, it’s become a central pillar of modern wealth planning, particularly among ultra-high-net-worth (UHNW) individuals seeking flexibility, security and long-term resilience. As geopolitical and economic uncertainty persists, advisors must understand how mobility strategies are evolving and how they…
A rendering of the Chicago Fire’s new stadium. The city will fund infrastructure for the mixed-use development around the venue.Chicago Fire FC Chicago will fund new infrastructure for The 78, the mixed-use development surrounding the new Chicago Fire soccer stadium. Processing Content Aldermen last week approved two parts of a redevelopment agreement with Roosevelt Clark…
The wireless carrier has focused on amassing “higher quality accounts” after introducing new plans last year.
Creator-focused embedded banking platform Manifest Finance launched a debit card in partnership with Mastercard. “As the creator economy evolves, millions of creators are operating as full-scale businesses, managing multiple revenue streams, selling products and services, and engaging global audiences,” according to a Thursday (July 23) news release provided to PYMNTS. However, many of these creators…
Key insight: An international clearing company building a de novo U.S. bank has raised $180 million from both VC firms and individual executives from several major international fintechs. What’s at stake: Augustus aims to provide international bank and fintech clients with direct access to U.S. dollar rails for clearing transactions, which could edge out intermediary…