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Search results for quantum computing

Finance

Fintech posts record results as payment touchpoints expand, signs of loan curb easing

Major fintech firms posted strong first-half results as growth in payments and financial services lifted revenue and profit, with overseas payments and new businesses also expanding. Payment companies are widening links into daily life through merchants, local currencies and transport, while firms bundle payments with other services. As businesses grow, demands for soundness management rise. Separately, there are signs of partial adjustments to loan regulations, while bank lending volume controls continue.

Crypto

Former SEC official calls quantum computers a ticking time bomb for cryptocurrencies

John Reed Stark, a former U.S. Securities and Exchange Commission enforcement lawyer, warned that fast advances in quantum computing are bringing a deadline for the cryptocurrency industry. He said the broader financial sector, including long-term Bitcoin holders, must take quantum risk seriously. Stark cited comments from IBM CEO Arvind Krishna and Duke University’s Lee Reiners, and criticised the SEC for not responding properly to the risk.

AI & Enterprise

How to respond to AI-driven security threats? Tech firms expand alliance

Debate is intensifying over how to respond to new security threats emerging from the spread of AI, with alliances expanding beyond security firms to include semiconductor and platform companies. Nvidia-led Open Secure AI Alliance formed a first working group and released proposals for confidential reporting and post-incident analysis. Hugging Face CEO Clem Delangue called for mandatory disclosure of hacks targeting AI firms. Reports and tests also raised concerns about AI misuse, vulnerabilities and faster exploitation.