AI

OpenAI's expansion into financial services was a recurring theme across several newsletters. Payments Wrap Up covered OpenAI's launch of ChatGPT for the financial services industry, while Connecting the Dots in FinTech reported that OpenAI is taking ChatGPT to Wall Street. Linas's Newsletter also addressed this trend, noting that OpenAI built a Bloomberg competitor into ChatGPT, alongside separate coverage that OpenAI overtook Anthropic in developer AI spend for the first time since 2024 and that ChatGPT is now functioning as an ad network. Linas's Newsletter additionally covered Anthropic's release of Claude for Financial Advisors, described as Anthropic's first AI product built for an entire job.

AI agents in payments and banking infrastructure were covered by multiple outlets. Connecting the Dots in FinTech reported on Sokin giving AI agents a way to move money. Fintech Futures covered ServisFirst Bank's partnership with Covecta to deploy AI agents, PayNearMe's acquisition of Marr Labs assets to embed AI agents into PayXM, and published a Demystify Podcast episode on agentic commerce and digital trust featuring Lionel Grosclaude. Banking Dive Newsletter reported that Stripe's wallet is embracing AI bots. Fintech Radar's Issue #175 noted that Meta's Agent has moved into shopping, alongside separate items on Chime buying the bank behind it and Nubank landing in the US.

Fraud, security, and trust in AI were also addressed. Fintech Wrap Up published commentary from Tamas Kadar, CEO of SEON, on how AI is making fraud more sophisticated and how to counter it. Bankless covered comments from Vitalik on AI potentially strengthening cybersecurity. AI for FIs covered the question of why people building AI keep warning it might kill us, without further elaboration. American Banker Fintech reported that people are using AI to gauge banks' reputations and that the resulting verdicts are harsh.

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