Meta is reportedly in talks to hire artificial intelligence (AI) investors Nat Friedman and Daniel Gross and partially buy out their venture capital fund, NFDG. [contact-form-7] The company aims to have Friedman and Gross help lead its AI efforts, The Information reported Wednesday (June 18), citing unnamed sources. Meta did not immediately reply to PYMNTS’ The post Report: Meta Aims to Hire AI Investors Nat Friedman and Daniel Gross appeared first on PYMNTS.com.

OpenAI is reportedly phasing out its involvement with data-labeling startup Scale AI due to Scale’s new ties to Meta, an OpenAI rival. [contact-form-7] Scale provided only a small fraction of the data needed by OpenAI, and the companies’ relationship was already winding down over the past six to 12 months as OpenAI sought different sorts The post OpenAI Winds Down Involvement With Scale AI appeared first on PYMNTS.com.

Visa has partnered with licensed stablecoin payments orchestrator Yellow Card to explore stablecoin use cases and opportunities across the African markets in which Yellow Card is licensed to operate. [contact-form-7] Together, the companies will seek opportunities to help streamline treasury operations and enhance liquidity management as well as test integration opportunities with Visa Direct to investigate cross-border The post Visa and Yellow Card to Explore Stablecoin Opportunities in Africa appeared first on PYMNTS.com.

Affirm has announced a new revolving pass-through loan sale facility in which PGIM Fixed Income, a Prudential Financial company, will invest up to $3 billion over 36 months by purchasing up to $500 million of Affirm loans at any one time. [contact-form-7] This facility, which marks an expansion of the companies’ existing capital partnership, will The post Affirm and PGIM Expand Capital Partnership to Support Pay-Over-Time Options appeared first on PYMNTS.com.

Illinois has delayed for one year the implementation of a law that would bar companies from charging interchange fees on the tax and tip portions of credit and debit card transactions.  [contact-form-7] The state’s governor, J.B. Pritzger, signed legislation (HB0742) Monday (June 16) that delays the implementation of the Interchange Fee Prohibition Act (IFPA) until July 1, 2026. The post Illinois Governor Signs 1-Year Delay of Law Limiting Interchange Fees appeared first on PYMNTS.com.