Block, the payments processing company formerly known as Square, said revenues fell compared to one year ago, as consumer demand for bitcoin transactions ebbed. The company posted a net loss for the quarter and had negative cash flow from operations. The stock fell 7% after hours. Revenues fell 5.9% year over year to $4.4 billion, driven by a decline in bitcoin revenues, which fell 34%. Last...
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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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