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Business Wire
6 days ago
- Business
- Business Wire
PagerDuty to Present at the Bank of America Securities 2025 Global Technology Conference
SAN FRANCISCO--(BUSINESS WIRE)--PagerDuty, Inc. (NYSE:PD), a global leader in digital operations management, today announced that members of its management team will present at the Bank of America Securities 2025 Global Technology Conference on Wednesday, June 4, at 8:40 ET. A live webcast and replay will be available for a limited time on PagerDuty's investor relations events page at About PagerDuty, Inc. PagerDuty, Inc. (NYSE:PD) is a global leader in digital operations management. The PagerDuty Operations Cloud is an AI-powered platform that empowers business resilience and drives operational efficiency for enterprises. With a generative AI assistant at its core, PagerDuty empowers teams to detect and resolve issues in real time, orchestrate complex workflows, and drive continuous improvement across their digital operations. Trusted by nearly half of both the Fortune 500 and the Forbes AI 50, as well as approximately two-thirds of the Fortune 100, PagerDuty is essential for delivering always-on digital experiences to modern businesses. Learn more and try it for free at The PagerDuty Operations Cloud The PagerDuty Operations Cloud is an AI-powered platform that automates and orchestrates the entire incident management lifecycle—from detection to resolution, providing resilience at scale. Designed for mission-critical operations, the platform empowers teams to identify and diagnose disruptions in real time, mobilize the right teams to quickly streamline workflows to solve digital issues before they become incidents. The PagerDuty Operations Cloud is essential for delivering flawless, always-on digital experiences that organizations and consumers expect today.
Finextra
08-05-2025
- Business
- Finextra
Stripe accelerates utility of AI and stablecoins with major launches
Today, programmable financial services company Stripe announced new products designed to help businesses harness AI and stablecoins to accelerate their growth. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Stripe serves the world's largest and fastest-growing companies, including half of the Fortune 100 and 78% of the Forbes AI 50. Last year, businesses on Stripe processed $1.4 trillion in total payment volume—up 38% from 2023 and equivalent to around 1.3% of global GDP. In aggregate, the revenue that businesses process on Stripe is growing seven times faster than that of companies in the S&P 500. At its annual user event, Sessions, Stripe launched the world's first AI foundation model for payments and unveiled a major expansion of its money management capabilities, including stablecoin-powered accounts. 'There are not one, but two, gale-force tailwinds, well off the Beaufort scale, dramatically reshaping the economic landscape around us: AI and stablecoins,' said Patrick Collison, Stripe cofounder and CEO. 'Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away.' Investing in AI to fuel growth for businesses Stripe has a long history of using specialized AI models, each optimized for a specific task like preventing fraud, increasing authorization rates, or personalizing the checkout experience for individual buyers. To help its users grow even faster, Stripe announced today it has built the world's first AI foundation model for payments. Stripe's Payments Foundation Model is trained on tens of billions of transactions, and captures hundreds of subtle signals about each payment that specialized models can't. It will be deployed across Stripe's payments suite to unlock additional performance improvements that were not previously possible. Early results thwarting card testing attacks demonstrate the effectiveness of the new Payments Foundation Model. With its previous models, Stripe gradually reduced card testing by 80% over two years. By applying the new foundation model, Stripe increased its detection rate for attacks on large businesses by 64% practically overnight. Reinventing global money management with stablecoins Stripe launched Stablecoin Financial Accounts, new money management capabilities powered by stablecoins, which will be accessible to businesses in 101 countries. This comes just three months after Stripe completed its acquisition of stablecoin platform Bridge. With these new accounts, businesses will be able to hold a balance in stablecoins, receive funds on both crypto and fiat rails (like ACH and SEPA), and send stablecoins almost anywhere in the world. These accounts will allow entrepreneurs in countries with volatile currencies to hedge against inflation and more easily access the global economy. Stripe will start by supporting two dollar-denominated stablecoins—USDC and Bridge's USDB—and plans to add others over time. Over the past year, stablecoin transaction volumes have surged over 50%. Because stablecoins make it dramatically faster and cheaper to move money internationally, many of the world's largest companies are turning to Stripe to help assemble their stablecoin strategies. But a challenge remains: making it possible to spend stablecoins at businesses that only accept fiat currencies. To solve this, last week, Bridge partnered with Visa on the first-ever global card issuing product that will make stablecoin balances as easy to spend as fiat currency. Fintechs like Ramp, Squads, and Airtm will be able to issue Visa cards linked to stablecoin wallets in dozens of countries. When a cardholder makes a purchase, Bridge deducts the funds from their stablecoin balance and converts them into fiat, enabling the merchant to get paid in their local currency as they would with any other transaction. These stablecoin cards can be used at any of the 150 million merchants around the world that accept Visa today. Curtailing the FX tax on global trade Alongside Stablecoin Financial Accounts, Stripe also announced the ability for businesses to hold and manage balances in multiple currencies—starting with USD, EUR, and GBP—in their existing Stripe account. A business will be able to store money in the currency in which it's received, convert between currencies, and create virtual and physical cards for each currency. Among other benefits, this new multicurrency feature will help multinational companies avoid the unnecessary FX fees they often incur moving money between countries. For example, a US-based retailer with stores in London will now be able to accept payments from British customers in GBP; hold a GBP balance in their Stripe account (alongside a separate USD balance from sales to American customers); issue cards so UK employees can buy things in GBP; and pay UK-based suppliers in GBP—all without incurring any FX fees. These multicurrency balances will first be available for businesses in the US and the UK, before rolling out to the Eurozone later this year. 'We're building programmable financial services, to make money as easy to manipulate and manage with code as data is,' said Will Gaybrick, Stripe's president of product and business. 'Across dozens of new launches we unveiled today, we're putting AI and stablecoins to accelerate our users' growth.' Deepening partnerships with the world's largest companies Stripe already works with half of the Fortune 100 and continues to attract many of the world's largest companies. Today, Stripe announced that NVIDIA is now using Stripe Billing to power subscriptions for its cloud gaming service, GeForce Now. It typically takes many months for a business to complete a large migration, but NVIDIA migrated their entire subscriber base to Stripe Billing in just 6 weeks, making it the fastest-ever migration to Stripe Billing. PepsiCo is also expanding its partnership with Stripe to help modernize payments for restaurants, bars, and other small businesses in the US. Until recently, store managers paid for deliveries by handing paper checks to PepsiCo delivery drivers. With Stripe, PepsiCo has launched a new website and app, which allows customers to order and pay for products online. Large companies often need to process payments with multiple providers, which can be challenging: there's no unified view and no easy way to compare performance to ensure they're routing payments in the best way possible. To solve this, Stripe launched Orchestration, which helps businesses set up, manage, and optimize performance across multiple payment providers—all from the Stripe Dashboard. 'For enterprises with complex payments architecture, orchestration is essential. Being able to manage and optimize performance across payment providers in one place gives businesses a level of control and visibility that could unlock meaningful performance gains,' said Jordan McKee, head of fintech research at S&P Global Market Intelligence. Upgrading the entire Stripe platform with 60+ launches In addition to applying AI and stablecoins to accelerate its users' growth, Stripe continued to expand and enhance its suite of payments, revenue, and embedded finance tools. Among the 60+ launches Stripe announced: Support for 25 new payment methods, including UPI and PIX, bringing its total to over 125 payment methods. Klarna will be available on Stripe's consumer payments product Link this summer, reducing the friction for first-time Klarna users. Stripe Terminal can now be used with third-party hardware, starting with Verifone. Managed Payments, a new merchant of record offering that gives businesses everything they need to enter new markets by taking care of global taxes, fraud prevention, dispute management, fulfillment, and more on their behalf. Smart Disputes, which uses AI to automate disputes handling, and helps companies win 13% more chargebacks. Radar support for ACH and SEPA is now available for all businesses on Stripe, and is reducing fraud rates for those payment methods by an average of 20% and 42%, respectively. Upgrades to usage-based billing, including the ability to ingest up to 100,000 events per second. Stripe Tax is now available in 102 countries, up from 57 last year, and automation of the entire tax lifecycle from monitoring and registering, to collecting and filing. New tools specifically for platforms, including enhanced fraud protection and dedicated platform dashboards. Businesses can now create fully managed credit card issuing programs for consumers on Stripe. Global Payouts, which allows businesses to pay out to customers, contractors, and other third parties with just an email address.
Forbes
14-04-2025
- Business
- Forbes
CyberArk Warns About Cybersecurity Threats To AI Agents And LLM
Are digital entities looking for vulnerabilities in your systems and workflows? The 2025 Forbes AI 50 list highlights a turning point: 'AI graduated from an answer engine to an action engine in the workplace.' Like other graduates entering the workforce, AI agents meet fresh opportunities, face unfamiliar responsibilities, and must overcome new challenges. As more AI agents are deployed in enterprises worldwide, the scale and scope of cyberattacks escalate, as many organizations embed them into critical systems without proper safeguards. AI agents represent new classes of cybersecurity vulnerabilities, providing new venues for infiltrating and manipulating enterprise systems. At CyberArk IMPACT 2025 last week, Lavi Lazarovitz, VP of cyber research at CyberArk, presented an initial analysis of the range of threats posed by the brand-new agentic systems. 'Agents are distinguished by autonomy and proactivity,' said Lazarovitz. As such, they are turning into the most privileged digital identities enterprises have ever seen. The cybersecurity landscape for AI agents will continue to evolve, and at present, there is no silver bullet that can fully mitigate all security risks they pose, according to CyberArk researchers. The best approach is what they call 'defense in depth,' or implementing multiple layers of protection at different stages of the workflow and across various security measures. More broadly, CyberArk warns enterprises to 'never trust an LLM.' Attackers will always find ways to exploit and manipulate these models, so security must be built around them, not within them. At IMPACT 2025, Retsef Levi, Professor of Operations Management at the MIT Sloan School of Management, spoke about the 'Very real risk of creating complex systems with opaque operational boundaries and eroded human capabilities that are prone to major disasters and are not resilient.' Using an LLM is like taking a drug without knowing what's in it, says Levi. The mystery is three-dimensional: The humongous number of parameters obscuring what the model can do; the open data, internet data, on which the model is based (as opposed to in-house, clean data); and the source, the origin of the model's development. The key challenge in implementing AI agents, says Levi, is making sure they 'don't degenerate and erode critical human capabilities,' especially in the areas where humans are superior to AI: Identifying nuance; sensitivity to changing conditions, exceptions, and anomalies; and sensing a new context. 'Don't confuse performance with capability,' advises Levi. As generative AI and LLMs enhance cyberattack capabilities by using machines to manipulate humans or other machines, Levi recommends developing 'measurements for understanding your digital supply chain,' identifying potential vulnerabilities. The research effort to uncover the new 'attack surface' created by generative AI is growing fast. Startup Pillar Security, for example, released a report analyzing over 2,000 real-world LLM-powered applications. Pillar found that 90% of successful attacks resulted in the leakage of sensitive data and that adversaries require only 42 seconds on average to complete an attack, highlighting the speed at which vulnerabilities can be exploited. This present state of attacks on generative AI will get worse in the near future. By 2028, according to Gartner, '25% of enterprise breaches will be traced back to AI agent abuse, from both external and malicious internal actors.' The interest in investing or acquiring related cyber defense skills and solutions is also growing. For example, Palo Alto Networks is set to buy AI cybersecurity company Protect AI for an estimated $650-700 million, sources informed Globes last week. 'Protect AI might end up being the second acquisition [after Cisco's acquisition of Robust Intelligence for a reported $400 million] in the nascent AI security market, but it certainly won't be the last,' reports Information Security Media Group. AI agents' autonomous nature and complex decision-making capabilities introduce various threats and vulnerabilities that span security, privacy, ethical, operational, legal, and technological domains. These real-world challenges will probably not slow down the widespread deployment of AI agents. According to CB Insights, mentions of 'agent' and 'agentic' on earnings calls surged in the first quarter of 2025, with both hitting all-time highs. For the second year in a row, Amazon CEO Andy Jassy used his annual letter to shareholders to stress the contribution of generative AI applications to Amazon's continuing success. He reported that 'there are more than 1,000 GenAI applications being built across Amazon, aiming to meaningfully change customer experiences in shopping, coding, personal assistants, streaming video and music, advertising, healthcare, reading, and home devices, to name a few.' Jassy also highlighted the importance of generative AI to the future of all enterprises: 'If your customer experiences aren't planning to leverage these intelligent models… and their future agentic capabilities, you will not be competitive.'
