Anthropic Beats OpenAI in Revenue for First Time
Anthropic's second quarter sales exceeded OpenAI's for the first time, while OpenAI reported 18% revenue growth from the previous quarter despite deepening losses. The specific revenue figures for both companies were not disclosed in the available text.
Read full story →Credit Card Delinquencies Edge Up to 2.5% Across Top Banks
Credit card delinquency rates rose to 2.50% in July from 2.48% in June across seven major banks. The rate stays below the pre-pandemic average of 2.68% while charge-off rates declined to 3.42%.
SEC Proposes Rules to Streamline Capital Formation for Digital Asset Entrepreneurs
The SEC proposed "Regulation Crypto Assets" to establish a clear framework for certain investment contracts involving crypto assets. The rule will undergo a 60-day public comment period following its Federal Register publication.
Mobile wallets gain traction in the UK
Nearly two-thirds of the UK population is now registered with at least one mobile wallet provider. Mobile wallets are gaining popularity despite cards remaining the dominant payment method in the country.