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Infrastructure giants such as GE Vernova and Bloom Energy are the new gatekeepers of the AI grid.
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Byron Allen wanted to own Paramount. He's buying BuzzFeed instead. Business InsiderByron Allen Is Buying a Controlling Stake in BuzzFeed The New York TimesByron Allen strikes deal to buy controlling stake in BuzzFeed and become CEO AxiosByron Allen to Buy BuzzFeed In $120 Million Deal, Will Take Over As CEO Yahoo FinanceEntertainment mogul Byron Allen to acquire Buzzfeed, HuffPost Los Angeles Times
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Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits.
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I love it when organizations try and do something good, but don't think things through and end up delivering unintended negative consequences.
Today's case in point: the US Senate and the Federal Reserve, both of whom are looking to reduce high interchange costs, but are unintentionally increasing costs for merchants and sharply boosting the undiscovered fraud rate. Not bad for government work.
Let's start with the Senate, where Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) have crafted The Credit Card Competition Act of 2022. Its stated goal: reduce the interchange fee that financial institutions and card brands (Visa, MasterCard, Amex, etc.) charge retailers.
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