Fundamental Research Labs secures $33 million to develop AI agents like Fairies, a consumer assistant, Shortcut for financial analysis, and digital humans, focusing initially on productivity apps across various industries.
IBM reports Q2 earnings exceeding estimates and raises full-year free cash flow outlook, but software revenue misses expectations and gross margin narrows, causing shares to dip as much as 6% in extended trading despite outperforming the S&P 500 significantly this year.
Alphabet shatters records with a staggering $96.4 billion Q2 2025 revenue, propelled by YouTube's $9.79 billion ad revenue and Cloud's $13.62 billion revenue, despite losses in its Other Bets segment.
OpenAI CEO Sam Altman warns of an 'impending, significant fraud crisis' as AI can now impersonate voices and videos, defeating voice authentication used by financial institutions, raising alarm about malicious AI development outpacing defenses.
AI automation is slashing graduate hiring in accounting and finance as major firms like AIB deploy AI tools for routine tasks, raising fears from trade unions about potential job losses with around 30% of workers in roles vulnerable to AI replacement according to a government study.
Robinhood CEO Vlad Tenev defends tokenized stock offerings for private AI and space companies like OpenAI and SpaceX, arguing retail investors deserve exposure to disruptive assets despite tokens not technically representing equity.
WhatsApp Pay struggles to make inroads in India's $3 trillion fintech market despite boasting 500 million users, as regulators cap its user base for years, allowing rivals like Google Pay and PhonePe to dominate while WhatsApp treats payments as a side feature with minimal upgrades or marketing.
AI agents are revolutionizing industries, rapidly transitioning from experimentation to integration into operations like customer service, logistics, fraud prevention, and automating repetitive tasks across finance, retail, and healthcare.
OpenAI disavows Robinhood's tokenized shares offering, emphasizing no equity transfer was approved and urging caution as Robinhood launches tokenized shares of OpenAI and SpaceX for European users.
AI-powered accounting startup Campfire raises $35 million Series A led by Accel, leveraging AI capabilities like automatic reconciliation and cash flow analysis to win over startups from NetSuite, as founder John Glasgow draws on experience from Invoice2go acquisition.