Apple Pay, Cash App, and other digital wallets will be regulated more like banks now from the Verge Emma Roth

Illustration: Hugo Herrera / The Verge Major digital payment providers will soon be subject to bank-like supervision from the US Consumer Financial Protection Bureau (CFPB). On Thursday, the CFPB issued a final rule that will regulate digital payment apps that process over 50 million transactions each year, covering services like Apple Pay, Google Wallet, PayPal,…

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Microsoft is the mystery AI company licensing HarperCollins books, says Bloomberg from the Verge Emma Roth

Illustration: The Verge Just one day after 404 Media revealed that HarperCollins struck a three-year AI training deal with an unnamed company, Bloomberg now says Microsoft will use the publisher’s content to train a not-yet-announced AI model. HarperCollins said in a statement to 404 Media that its deal will include “select nonfiction backlist titles” and…

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