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Y Combinator-backed Rulebase wants to be the AI coworker for fintech

Y Combinator-alum Rulebase is betting that the next wave of automation in financial services won’t be about flashy AI interfaces, but the unglamorous back-office tasks like compliance. The startup, founded by Gideon Ebose and Chidi Williams, two Nigerian engineers who met in London, just raised a $2.1 million pre-seed round led by Bowery Capital, with participation from Y Combinator, Commerce Ventures, Transpose Platform VC, alongside several angels. Financial services firms spend enormous amo

Top Democrat Calls for Congressional Probe Into Ties Between Jeffrey Epstein and Peter Thiel

The Jeffrey Epstein scandal continues to plague the Trump administration, and on Wednesday, a prominent Democratic senator called for Congress to investigate the financial ties between the dead sex criminal and a host of financial organizations and people, including tech billionaire Peter Thiel. Much of the debate about the “Epstein files” has centered around what records the Justice Department may have on his illicit sex crimes but, according to Sen. Ron Wyden (D-Oregon), the more important fi

Hackers breach fintech firm in attempted $130M bank heist

Hackers tried to steal $130 million from Evertec’s Brazilian subsidiary Sinqia S.A.after gaining unauthorized access to its environment on the central bank’s real-time payment system (Pix). Evertec is a public financial technology giant that stands as a major full-service transaction processor in Latin America, Puerto Rico, and the Caribbean. Sinqia, acquired by Evertec in 2023, is a São Paulo-based public company operating in financial software and IT services for the banking and financial in

Detecting and countering misuse of AI

We’ve developed sophisticated safety and security measures to prevent the misuse of our AI models. But cybercriminals and other malicious actors are actively attempting to find ways around them. Today, we’re releasing a report that details how. Our Threat Intelligence report discusses several recent examples of Claude being misused, including a large-scale extortion operation using Claude Code, a fraudulent employment scheme from North Korea, and the sale of AI-generated ransomware by a cybercr

Pintarnya raises $16.7M to power jobs and financial services in Indonesia

Pintarnya, an Indonesian employment platform that goes beyond job matching by offering financial services along with full-time and side-gig opportunities, said it has raised a $16.7 million Series A round. The funding was led by Square Peg with participation from existing investors Vertex Venture Southeast Asia & India and East Ventures. Ghirish Pokardas, Nelly Nurmalasari, and Henry Hendrawan founded Pintarnya in 2022 to tackle two of the biggest challenges Indonesians face daily: earning eno

NY Business Council discloses data breach affecting 47,000 people

The Business Council of New York State (BCNYS) has revealed that attackers who breached its network in February stole the personal, financial, and health information of over 47,000 individuals. As the state's largest statewide employer association, BCNYS represents over 3,000 member organizations, including chambers of commerce, professional and trade associations, and other local and regional business organizations, as well as some of the largest corporations worldwide, which employ more than

Spirit Airlines Admits It Might Not Survive Another Year

Spirit Airlines has just admitted what many suspected: its future is in serious doubt. The news, delivered in a filing with the Securities and Exchange Commission on August 11, sent the company’s stock into a freefall, plummeting 41% in a single trading session on Tuesday. Spirit’s total market value now sits at a paltry $54.3 million. In the filing, the ultra-low-cost carrier said there is “substantial doubt” about its ability to continue operating for more than 12 months from the date of its

Trump Family–Backed World Liberty Financial Sets Up $1.5 Billion Crypto Treasury

World Liberty Financial, the cryptocurrency business cofounded by the Trump family, is creating a way for investors to speculate on the price of its self-branded coin, WLFI, through the US stock market. A cohort of investors led by World Liberty Financial is set to purchase 200 million shares in ALT5 Sigma Corporation, a Nasdaq-listed company. The proceeds will be used to build a $1.5 billion WLFI treasury, equating to roughly 7.5 percent of the coin’s total supply. Eric Trump will join the AL

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports

A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with the White House. In exchange for 15% of revenues from the chip sales, the two chipmakers will receive export licenses to sell Nvidia's H20 and AMD's MI308 chips in China, according to th

Stanford sticks with legacy admissions

Stanford University has confirmed its admissions policies for fall 2026 will continue considering legacy status, a decision that could influence access to one of Silicon Valley’s most important talent pipelines. Stanford is also ending its test-optional policy, requiring SAT or ACT scores for the first time since 2021. According to the Stanford Daily, the university is so committed to keeping legacy preferences that it’s withdrawing from California’s Cal Grant program, forgoing state financial

Have stock questions? Google Finance tests new AI chatbot

panithan pholpanichrassamee ZDNET's key takeaways: Google Finance is getting an AI upgrade, including a chatbot. The upgrade comes with a live news feed, plus other features. It will roll out to US users in the coming weeks. You'll soon be able to ask Google Finance all your money questions via a new AI chatbot, the company announced in a blog post on Friday. Google says the bot can answer "detailed questions about the financial world" and return responses with relevant web links. Also: Ho

PS5 sales have passed the 80 million mark

The PS5 might be lacking the cadence of first-party exclusives that made its predecessor so successful, but that doesn’t appear to be slowing it down. Sony has announced that the console had shifted just north of 80 million units as of June 30, 2025. This puts it just behind the Xbox 360 (84 million) and well on the way to overtaking the PS3 (around 87 million) in lifetime sales. The 80.3 million figure was confirmed in Sony’s first set of quarterly results for the current financial year, durin

The Money OpenAI Is Making by Betraying Its Nonprofit Roots Is Obscene

OpenAI was founded as a nonprofit research institute, dedicated to realizing an "artificial general intelligence" that benefits all of humanity. In a December 2015 blog post introducing the company, its founders, including current CEO Sam Altman and his now bitterly-departed rival Elon Musk, said that to accomplish its goal, it would have to be "unconstrained by a need to generate financial return." "Since our research is free from financial obligations, we can better focus on a positive human

EconTeen – Financial literacy lessons and tools for teens

We've reimagined financial education for the digital generation. Our comprehensive curriculum combines proven teaching methods with engaging technology to deliver real results. 💡 Interactive Learning Engaging lessons with quizzes, scenarios, and hands-on activities that make complex financial concepts easy to understand and remember. 🎓 Comprehensive Curriculum From budgeting basics to investment strategies, our 22+ lesson modules cover everything students need for lifelong financial success.

EconTeen – Financial Literacy Lessons and Tools for Teens

We've reimagined financial education for the digital generation. Our comprehensive curriculum combines proven teaching methods with engaging technology to deliver real results. 💡 Interactive Learning Engaging lessons with quizzes, scenarios, and hands-on activities that make complex financial concepts easy to understand and remember. 🎓 Comprehensive Curriculum From budgeting basics to investment strategies, our 22+ lesson modules cover everything students need for lifelong financial success.

Microsoft tops $4T in valuation: Great news for MSFT, not so great for workers

If you own Microsoft stock, you’ve got to be happy. Microsoft’s latest financial results for the quarter ending June 30, 2025 were robust: Revenue reached $76.4 billion (up 18% year-over-year), with net income at $27.2 billion (up 24%). The primary driver was robust growth in Microsoft’s cloud and AI businesses. Azure’s revenue, which has finally been separated out in the financial reporting, now stands at $75 billion in annual revenue, representing a 34% surge for the year. Put it all togethe

The SEC Shifts Gears on Crypto

The Securities and Exchange Commission made its biggest pro-crypto move yet this week. On Thursday, SEC Chairman Paul Atkins launched “Project Crypto,” an overarching roadmap of the Commission’s approach to regulating cryptocurrency. The aim of the project, according to Atkins, is to make the United States “the crypto capital of the world” by onshoring crypto asset distributions. Atkins hopes to do so by updating the Commission’s rules and regulations regarding on-chain software systems, encou

$1 billion of NVIDIA AI chips were reportedly sold in China despite US bans

Financial Times is reporting that $1 billion worth of NVIDIA AI chips were smuggled into China in the three months after the Trump administration tightened semiconductor export controls . Citing sales contracts, company documents and people with direct knowledge, the publication says that a thriving black market arose for American semiconductors. Products sold included NVIDIA's top‑tier B200 chips, which have become the silicon of choice for American big tech when training AI models. Sale of the

Fighting forever chemicals and startup fatigue

The MEDC also helped us early on create a model in Excel for tracking business financing and forecasting, forecasting our future financial needs, so that we could be proactive instead of reactive to financial limitations. We knew it wasn't going to be inexpensive to design and build a piece of equipment that's the size of two very large refrigerators that had never been built before. That type of financial-forward modeling helped us figure out when we would need to start fundraising and taking i

Your Recession FAQs Answered: 5 Tips to Help You Prepare, Not Panic

Recession risks are down, but keep your guard up. Getty Images/Jeffrey Hazelwood/CNET Early this spring, talk of a recession swirled after President Donald Trump began his chaotic tariff campaign. The likelihood of a severe economic downturn hit 66%, according to Polymarket. As Trump deferred some of his most aggressive trade proposals, those forecasts leveled out, but the contours of a potential recession are hard to ignore. Growth in the first quarter of 2025? Down. Jobless claims? Sharply h

Xi Jinping warns against China's overinvestment in EVs and AI

Chinese President Xi Jinping has bluntly questioned a nationwide rush of investment into the AI and EV industries. As deflation anxiety grows and Trump’s trade war with China ramps up, the world’s second largest economy is turning to fast-growth tech industries to remain competitive. But Xi appears to think that the strategy is flawed. As reported by the Financial Times , China's President sent out a pointed message about over-investment at the two-day Central Urban Work Conference in Beijing.

No More Waiting: New Crypto Law Unlocks Cheaper, Faster Money for Everyone

For more than a decade, cryptocurrency lived in legal limbo. It was too weird to regulate, too volatile to trust, and too new for Washington to take seriously. That just changed. The U.S. House of Representatives has passed the GENIUS Act, the first major federal law regulating stablecoins, digital currencies backed by the U.S. dollar. The bill now heads to President Trump’s desk, where it’s expected to become law. Here’s what it means for you, your money, and the financial system around you.

Fighting AI with AI, finance firms prevented $5 million in fraud - but at what cost?

d3sign/Getty Imageds When most people think of AI, the first thing that probably comes to mind isn't superintelligence or the promise of agents to boost productivity, but scams. There've always been fraudsters among us, that small percentage of the population who'll use any means available to swindle others out of their money. The proliferation of advanced and easily accessible generative AI tools in recent years has made such nefarious activity exponentially easier. Also: Meet ChatGPT agent,

The New Intern on Wall Street Is an AI, and It’s Already Taking Jobs

The transformation underway in finance should give pause to anyone who still thinks artificial intelligence is a distant threat. On July 15, Wall Street met its most overqualified and tireless intern. AI safety and research company Anthropic, a chief rival to OpenAI, unveiled its new “Financial Analysis Solution,” an enhanced version of its Claude AI assistant designed to take over the research, modeling, and compliance grunt work that finance teams typically rely on junior analysts to perform.

Claude for Financial Services

Today, we're introducing a comprehensive solution for financial analysis that transforms how finance professionals analyze markets, conduct research, and make investment decisions with Claude. The Financial Analysis Solution unifies your financial data—from market feeds to internal data stored in platforms like Databricks and Snowflake—into a single interface. Access your critical data sources with direct hyperlinks to source materials for instant verification, all in one platform with expanded

GOP’s pro-industry crypto bills could financially ruin millions, lawmaker warns

It's "Crypto Week" in Congress, and experts continue to warn that legislation Donald Trump wants passed quickly could give the president ample opportunities to grift while leaving Americans more vulnerable to scams and financial ruin. Perhaps most controversial of the bills is the one that's closest to reaching Trump's desk, the GENIUS Act, which creates a framework for banks and private companies to issue stablecoins. After passing in the Senate last month, the House of Representatives is hopi

Anthropic launches finance-specific Claude with built-in data connectors, higher limits and prompt libraries

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now As some regulated enterprises cautiously expand their use of AI, platform and model makers are starting to offer bespoke versions to specific industries. Anthropic is making its first step into that direction with the new Claude for Financial Services, essentially a special version of its Claude for Enterprise tier, that could soothe some

A Recession Could Be Hiding in Plain Sight. Here’s the Best Advice to Prepare

Recession risks are down, but keep your guard up. Getty Images/Jeffrey Hazelwood/CNET In April, recession fears surged after President Trump began his chaotic tariff campaign. Forecasts for a severe economic downturn hit 66%, according to Polymarket. As Trump deferred some of his most aggressive trade proposals, those forecasts leveled out, but the contours of a potential recession are hard to ignore. Growth in the first quarter of 2025? Down. Jobless claims? Sharply higher. Consumer sentiment

Mystery Man Shines a Spotlight on the Shadiness of Trump’s Crypto Venture

Last month, the Aqua 1 Foundation, founded by Dave Lee, purchased $100 million worth of tokens from the Trump family’s cryptocurrency venture World Liberty Financial (WLF. Someone putting cash directly into the President’s coffers is a normal thing in the Trump era, but there’s something odd about this particular purchase. According to Reuters, Aqua 1 is now the largest publicly known holder of World Liberty Financial tokens, but no one seems to know what the business is or who runs it. Aqua 1