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Uber is paying $2.3 billion to acquire catering and workplace meal platform ezCater, according to a Tuesday (Oct. 6) news release. The all-cash deal is designed to combine ezCater’s catering and B2B expertise, Uber Eats’ global reach among consumers and restaurants, and Uber for Business’s relationships with companies of all sizes, per the release. “EzCater […] The post Uber Eats Enters Catering Space With $2.3 Billion ezCater Deal appeared first on PYMNTS.com.

The Commodity Futures Trading Commission is moving to establish a federal regulatory framework for cryptocurrency exchanges after Congress failed to enact legislation that would have set market structure rules for much of the digital asset industry. The CFTC published Monday (Oct. 5) an advance notice of proposed rulemaking outlining two interconnected regulatory frameworks that could […] The post CFTC Moves to Build Federal Rulebook for Crypto Exchanges After Clarity Act Fails appeared first on PYMNTS.com.

Insurance companies are reportedly anticipating multimillion-dollar claims related to so-called “rogue” artificial intelligence (AI) agents. That’s according to a report Tuesday (Oct. 6) by the Financial Times (FT), which says the situation has insurers and their attorneys worried that CEOs such as Sam Altman of OpenAI and Anthropic’s Dario Amodei could be held liable for […] The post AI CEOs Could Be Held Liable For Rogue Model Actions appeared first on PYMNTS.com.

Several economies in the East Asia and Pacific (EAP) region are growing faster than expected due to their involvement in manufacturing and exporting high-tech goods that support artificial intelligence-related activity, the World Bank Group said in a Tuesday (Oct. 6) press release. The World Bank Group has revised up its growth forecast for 2026 for […] The post Global AI Hardware Demand Powers East Asia Growth Beyond World Bank Forecasts appeared first on PYMNTS.com.

South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that hacks had revealed user data at seven financial firms, with indications of AI use in some of these incidents “causing considerable public concern and anxiety.” […] The post South Korea Says AI Helped Hackers Break Into Banks appeared first on PYMNTS.com.