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Search results for Christopher Waller

AI & Enterprise

Still not sure: From finance to e-commerce, companies increasingly block external AI agents

As personal AI agents aimed at individual users spread, website operators are increasingly debating whether to allow them access. For now, more companies in sectors ranging from finance to consumer services are moving to block outside AI agents. Major U.S. banks have imposed restrictions, citing security concerns and the risk of deposit outflows. Some review, travel and e-commerce firms are also limiting agent activity, while others open access and accelerate development of their own agents.

Finance

U.S. banks move to define liability for AI errors in financial transactions

U.S. banks, payment companies and technology firms are stepping up discussions on standards to determine liability for financial transactions carried out by AI agents. A central issue is who is responsible when an AI agent makes an error or is defrauded during a transaction: the consumer, the bank or the AI developer. Lead Bank proposed a waterfall framework that assigns liability by cause, while Primitive suggested a protocol to verify AI identity, user approval and transaction traceability.

Crypto

Amodei AI slowdown talk spooks chip stocks while bitcoin rises. Why?

Bitcoin rose even as major U.S. semiconductor stocks fell after calls within the AI industry to slow development for safety reasons. Anthropic CEO Dario Amodei argued for intentionally reducing the pace of AI model performance gains, a view backed by OpenAI CEO Sam Altman and xAI owner Elon Musk. Chip stocks and the Philadelphia Semiconductor Index slid, while bitcoin, ether and XRP advanced. Attention is also on expectations for the U.S. Clarity crypto market-structure bill and Federal Reserve rate signals.