Asic warns of surge in deepfake scams
Generative AI is being used to create networks of deepfake websites and fake celebrity investment endorsements to deceive victims. Australia's Securities and Investment Commission reports a surge in these scams targeting investors through fraudulent online platforms.
Read full story →HIVE Digital Technologies Secures 5-Yr AI Cloud Agreement, Boosting Annualized Revenue by $70M
HIVE Digital Technologies secured a five-year AI cloud computing agreement through its BUZZ subsidiary that will add $70 million in annualized revenue. The deal expands HIVE's artificial intelligence computing business beyond its existing renewable-powered digital infrastructure and Bitcoin mining operations.
X Money Wants to Make the Feed a Financial Front Door
X Money is testing whether a social platform can become a primary payment tool for consumers. The service faces competition from established digital wallets, stored merchant credentials, and dedicated payment apps already integrated into consumer payment routines.
Square Accelerates Push to Integrate Small Business Finance
Square is integrating its Credit Card refresh with payments, banking, credit, and bill management tools into a single platform. The company, led by product head Andrea Raj, aims to consolidate small business financial services within its ecosystem.