By Aureon
Publication Date: 2026-06-12 00:00:00
A big step towards AI-powered trading
“Artificial intelligence (AI) will transform commerce more profoundly than the Internet or mobile technology ever has,” Visa (V) Chief Product and Strategy Officer Jack Forestell said in a statement announcing that OpenAI and Visa have expanded their partnership. Under the agreement, Visa’s payments infrastructure will be integrated into OpenAI’s platform, allowing users to authorize AI agents to carry out transactions such as paying bills or purchasing household items.
Chinese tech stocks are getting a slap on the wrist
Chinese e-commerce stocks have come under pressure after regulators tightened control over advertising practices during the annual “618” shopping festival. Authorities criticized the platforms for promoting extensive discounts without adequately disclosing the actual value of the subsidies provided by the companies and participating brands. Shares of Alibaba (BABA) and JD.com (JD) fell in Hong Kong on…