Every company running artificial intelligence at scale eventually hits the same problem: a simple customer question gets routed to the same, expensive, frontier-grade model as a genuinely hard one. That’s a waste of money — and an avoidable one. Routing software fixes it by evaluating each request before it happens and sending it to whichever The post Everyone Wants to Own AI’s New Toll Road appeared first on PYMNTS.com.

Payward plans to expand its B2B infrastructure platform, Payward Services, with embedded, non-custodial wallet infrastructure by acquiring the wallet-as-a-service business of Magic Labs. Magic Labs’ noncustodial wallet infrastructure has powered more than 60 million wallets and over $10 billion in stablecoin volume for 200,000 developers, Payward said in a Monday (July 27) press release. Payward The post Payward Plans Magic Labs Wallet Acquisition to Expand B2B Infrastructure Platform appeared first on PYMNTS.com.

Singapore-based stablecoin payments company Triple-A suffered a weekend security breach that affected its company assets. The incident, which happened Saturday (July 25) and was announced Monday (July 27), was part of a series of recent breaches at digital asset companies. Triple-A said the incident had been contained and its services had returned to normal. “Client The post Stablecoin Firm Triple-A Suffers $11.8 Million Theft of Assets appeared first on PYMNTS.com.

Coinbase’s CEO has criticized cryptocurrency companies who switch their focus from blockchain tech to artificial intelligence (AI). “‘If you’re in crypto, pivot to AI.’ I used to hear versions of this, and it’s the wrong way to think about the world. It’s zero sum, scarcity thinking,” Brian Armstrong wrote in a post on the social The post Coinbase CEO Criticizes Crypto Firms’ AI Pivots appeared first on PYMNTS.com.

The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes with a Master Account. Monday (July 27) is the comment deadline for the Fed’s Proposed Revisions to the Federal Reserve Policy on Payment System Risk and the Guidelines for Account The post Banks Press Fed on Oversight as FinTechs Seek ACH Access appeared first on PYMNTS.com.

Nvidia is reportedly in discussions with OpenAI to guarantee $250 billion in data center funding. That’s according to a report Monday (July 27) by the Wall Street Journal (WSJ), which calls the proposed deal one of the most ambitious to date in the American AI boom. The guarantee from Nvidia would help OpenAI lease a 10-gigawatt project in southeastern Ohio, The post OpenAI and Nvidia Discuss $250 Billion Data Center Funding Deal appeared first on PYMNTS.com.

Artificial intelligence is rapidly transforming financial fraud, giving criminal organizations the ability to generate convincing scams at unprecedented scale. But according to a report issued last week by Republicans on the House Financial Services Committee, AI can also provide financial institutions and government agencies with sophisticated tools to detect and prevent those schemes. The report, The post House Republicans Urge Expanded Use of AI to Combat Financial Fraud appeared first on PYMNTS.com.