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Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered For Taxi Drivers

PYMNTS

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier.

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NY Creates Cryptocurrency Task Force

PYMNTS

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

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The ICBA 22/23 executive committee is all in

Independent Banker

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

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Disrupting The Car: How Shared Cars, Bikes, & Scooters Are Reshaping Transportation And Cannibalizing Car Ownership

CB Insights

A confluence of maturing technologies, including mobile payments, IoT, and GPS technology helped make dockless systems possible. When combined into a mobile app, these technologies allow users to locate, access, and pay for vehicles without the need for fixed stations. The race to autonomy.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Zenefits skirts compliance regulations. The problem was that Theranos’ proprietary blood-testing technology was completely fictitious. Holmes’ claims about Theranos’ blood-testing technology weren’t just exaggerations or selective interpretations of clinical research data; they were quite literally impossible.

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 HQ: New York City. Artificial intelligence technology. HQ: New York City.

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The Future Of Housing: From Home Building To City Planning, Tech Giants & Startups Are Reimagining Where & How We Live

CB Insights

Technology companies have infiltrated the home. We deep dive into the trends disrupting the housing industry, as well as the startups and technologies making these changes possible. However, new technologies could help bring the construction industry into the modern era. That is beginning to shift.

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