Skip to main content

UK government swoons over OpenAI in legally meaningless love-in

1 month ago
Credulous minister claims MoU – not contract – with chatbot biz could help 'fix NHS' and 'drive economic growth'

The UK's Department for Science, Innovation & Technology (DSIT) is jumping into bed with chatbot biz OpenAI, signing a memorandum of understanding to expand OpenAI's footprint in the nation while inserting its tech firmly into the public sector.…

Gareth Halfacree

Banks View Heavy 'Buy Now, Pay Later' Use as Red Flag for Loan Approvals

1 month ago
Banks are treating "buy now, pay later" services with suspicion and warn that heavy usage could hurt customers' chances of getting approved for mortgages or credit cards. FICO will begin factoring some BNPL loans from companies like Affirm and Klarna into credit scores later this year through its new scoring model. JPMorgan Chase and Capital One have banned customers from using credit cards to pay down BNPL installment loans, while one credit union actively calls members who use BNPL to counsel them against it. BNPL transaction volume is expected to reach $116.67 billion in 2025, up from $13.88 billion in 2020, according to Emarketer.

Read more of this story at Slashdot.

msmash