The lawsuit claims Visa’s actions have resulted in billions in additional fees for consumers and merchants – in both storefront and ecommerce businesses.
Visa controls over 60% of U.S. debit transactions, earning $7 billion annually in processing fees.
The DOJ alleges Visa threatens merchants and banks with punitive rates for using competing cards.
Visa reportedly pays competitors to prevent them from developing innovative, competitive technologies, allegedly maintaining strict agreements with tech giants like Apple, Square, and PayPal that limit competition and hurt the consumer.
Visa denies the allegations, calling the lawsuit “meritless” and citing a competitive payments landscape.
The outcome of this case will certainly impact the future of payment processing and the fees associated with debit transactions.
Website owners can set custom pricing and access rules for their content to create a level playing field for data exchange.
The move also benefits AI companies since they can efficiently access high-quality training data through the platform.
The marketplace could potentially transform the relationship between websites and AI developers as well as lead to new revenue streams for content creators and publishers.
The system provides transparency and control over how website data is used and sets a new standard for ethical AI data collection practices.
Do you have clients who could benefit from monetizing AI scraping?
AI Gets Chatty – Inside ChatGPT’s New Voice Upgrade
ChatGPT’s advanced voice mode is now available for paid subscribers, offering 9 different natural-sounding voices to choose from for conversations.
Advanced voice mode aims to understand speech speed and tone, and respond appropriately.
Users can interrupt ChatGPT mid-response to interject details, correct misunderstandings, or change the subject altogether.
The feature works best with headphones and Voice Isolation mode on iPhones to eliminate background noise and conversations which an interfere with the experience.
Feedback suggests that while the voices are an improvement, they still lack full realism compared to natural human conversations. This limitation might affect the overall effectiveness in professional settings.
There are some concerns regarding privacy, as OpenAI saves conversation recordings by default. But it’s easy to opt out under data controls.
If you’re a paid ChatGPT subscriber, give it a try. It’s pretty amazing.
Ever experience AI pulling information out of thin air? AI is not “hallucinating.” In fact, it can’t. Find out what’s actually happening in this informative article from The Next Web.
