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- 1AI executive calls generative AI 'the largest theft of labor in human history'βΌAI exec: We may have pulled off βthe largest theft of labor in human history.β
A tech executive involved in a lawsuit over AI training data is quoted calling generative AI potentially 'the largest theft of labor in human history.' The remarks surfaced through documents made public in the case, in which creators allege their work was used without permission or payment. The comment is drawing attention because it appears to acknowledge, from inside the industry, concerns that artists, writers and other workers whose material trained AI systems have not been compensated.
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The chief executive of Priority Technology is leading a buyout to take the payments company private in a deal valued at $1.6 billion, according to the Wall Street Journal. The move would remove the Georgia-based payments firm from public markets. Investors and industry watchers are weighing what the offer means for shareholders and the company's next chapter.
- 3Big banks warn AI agents could fuel rise in scamsβΌBig banks warn that AI agents could lead to uptick in scams
Major banks are warning that AI agents β automated software that can act on a person's behalf β could open new doors for fraudsters and lead to an increase in scams. As more people delegate tasks like payments and account management to these tools, banks caution that criminals could exploit or impersonate them, and the industry is calling for stronger safeguards around agentic AI.
- 4Embedded Finance Revenue to Hit $617 Billion by 2031βΌEmbedded Finance Revenue to Reach $617 Billion Globally by 2031, as B2B Revenue Surges 390%
New industry projections show global embedded finance revenue reaching $617 billion by 2031, with B2B embedded finance revenue forecast to surge 390% over the period. The figures point to rapid growth as companies across sectors integrate payments, lending and insurance directly into their products. Analysts highlight business-to-business applications as the fastest-expanding segment of the market.
- 5Federal Reserve Opens Comment Period on GENIUS Act Stablecoin RulesβFederal Reserve Seeks Comment on GENIUS Act Stablecoin Rules
The Federal Reserve is seeking public comment on proposed rules implementing the GENIUS Act, the US framework for payment stablecoins. The request opens a consultation process that will shape how banks and issuers regulate stablecoin activities, drawing attention from the crypto industry and traditional banking sector alike.
- 6Hong Kong and Indonesia Expand Cross-Border QR Payment CooperationβΌHong Kong, Indonesia Central Banks Deepen Cooperation On Cross-Border QR Payments
The central banks of Hong Kong and Indonesia are deepening cooperation on cross-border QR code payments, aiming to make retail payments between the two economies faster and more interconnected. The move fits a broader regional push, led by Southeast Asian regulators, to link national payment systems and reduce reliance on traditional correspondent banking channels for everyday transactions.
- 7Qualcomm and Apple Renew Patent Licensing Deal Through 2027βΌQualcomm Renews Apple Patent Pact Through 2027 [2026]
Qualcomm has renewed its patent licensing agreement with Apple, extending the arrangement through 2027. The deal keeps in place the payments Apple makes to use Qualcomm's wireless technology in iPhones, a relationship that has swung between litigation and cooperation for years. The renewal signals continued reliance on Qualcomm modems even as Apple works on its own in-house modem development.
- 8AI executive calls industry's data use largest labor theft in historyβAI exec: We may have pulled off βthe largest theft of labor in human history.β https:// lemmy.ml/post/53247123
A technology executive has reportedly suggested that the AI industry may have committed what he described as 'the largest theft of labor in human history,' a remark pointing to the widespread use of human-created work to train AI systems without compensation. The statement is circulating widely online, where it is fueling debate over copyright, consent and fair payment for the creative and intellectual labor behind training data.
- 9Retailers Rewire Payment Systems For Agentic CommerceβΌHow Retailers Are Rewiring Payment Rails For Agentic Commerce
Retailers are rebuilding their payment infrastructure to serve agentic commerce, where AI agents rather than human shoppers initiate and complete purchases. The shift requires new payment rails that can authenticate machine-driven transactions, handle delegated authority, and manage fraud risks when software acts on a customer's behalf. Industry coverage suggests payments providers and merchants see agent-led buying as the next major e-commerce battleground.
- 10AI executive calls generative AI 'the largest theft of labor in human history'βAI exec: We may have pulled off βthe largest theft of labor in human history.β https:// literature.cafe/post/35870676
An artificial intelligence industry executive has said the sector may have carried out 'the largest theft of labor in human history', referring to the way AI systems were trained on vast amounts of human-created work, much of it taken without payment or consent. The remark has drawn attention to ongoing anger among writers, artists and other workers over uncompensated use of their output.
- 11Banks and Credit Unions Team Up Against Apple Pay FeesβBanks and Credit Unions to Team Up Against Apple Pay Fees https:// news.ycombinator.com/item?id=4 9857651 # hackernews #
Banks and credit unions are reportedly joining forces to push back against the fees Apple charges for its Apple Pay service. The move signals growing resistance among financial institutions to the cut Apple takes on card transactions. The story is drawing attention and debate among technology and finance commentators.