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Robinhood CEO says just like every company became a tech company, every company will become an AI company

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Earlier advances in software, cloud, and mobile capabilities forced nearly every business—from retail giants to steel manufacturers—to invest in digital transformation or risk obsolescence. Now, it’s AI’s turn.

Companies are pumping billions of dollars into AI investments to keep pace with a rapidly changing technology that’s transforming the way business is done.

Robinhood CEO Vlad Tenev told David Rubenstein this week on Bloomberg Wealth that the race to implement AI in business is a “huge platform shift” comparable to the mobile and cloud transformations in the mid-2000s, but “perhaps bigger.”

“In the same way that every company became a technology company, I think that every company will become an AI company,” he explained. “But that will happen at an even more accelerated rate.”

Tenev, who co-founded the brokerage platform in 2013, pointed out that traders are not just trading to make money, but also because they love it and are “extremely passionate about it.”

“I think there will always be a human element to it,” he added. “I don’t think there’s going to be a future where AI just does all of your thinking, all of your financial planning, all the strategizing for you. It’ll be a helpful assistant to a trader and also to your broader financial life. But I think the humans will ultimately be calling the shots.”

Yet, Tenev anticipates AI will change jobs and advised people to become “AI native” quickly to avoid being left behind during an August episode of the Iced Coffee Hour podcast. He added AI will be able to scale businesses far faster than previous tech booms did. 

“My prediction over the long run is you’ll have more single-person companies,” Tenev said on the podcast. “One individual will be able to use AI as a huge accelerant to starting a business.”

Global businesses are banking on artificial intelligence technologies to move rapidly from the experimental stage to daily operations, though a recent MIT survey found that 95% of pilot programs failed to deliver.

U.S. tech giants are racing ahead, with the so-called hyperscalers planning to spend $400 billion on capital expenditures in the coming year, and most of that is going to AI.

Studies show AI has already permeated a majority of businesses. A recent McKinsey survey found 78% of organizations use AI in at least one business function, up from 72% in early 2024 and 55% in early 2023. Now, companies are looking to continually update cutting-edge technology.

In the finance world, JPMorgan Chase’s Jamie Dimon believes AI will “augment virtually every job,” and described its impact as “extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years: think the printing press, the steam engine, electricity, computing, and the Internet.”

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



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Canadian AI company Cohere opens Paris hub to expand EMEA operations – eeNews Europe

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Canadian AI company Cohere opens Paris hub to expand EMEA operations  eeNews Europe



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OpenAI Foresees Millions of AI Agents Running on the Cloud

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OpenAI is betting the future of software engineering on AI agents.

On the “OpenAI Podcast,” which aired on Monday, cofounder and president Greg Brockman and Codex engineering lead Thibault Sottiaux outlined a vision of vast networks of autonomous AI agents supervised by humans but capable of working continuously in the cloud as full-fledged collaborators.

“We have strong conviction that the way that this is headed is large populations of agents somewhere in the cloud that we as humanity, as people, teams, organizations supervise and steer in order to produce great economical value,” Sottiaux said.

“So if we’re going a couple of years from now, this is what it’s going to look like,” Sottiaux added. “It’s millions of agents working in our and companies’ data centers in order to do useful work.”

OpenAI launched GPT-5 Codex on Monday. Unlike earlier iterations, OpenAI said that GPT-5 Codex can run for hours at a time on complex software projects, such as massive code refactorings, while integrating directly with developers’ workflows in cloud environments.

OpenAI CPO Kevin Weil said on tech entrepreneur Azeem Azhar’s podcast “Exponential View” that internal tools like Codex-based code review systems increased efficiency for its engineers.

This doesn’t mean human coders would be rendered obsolete. Despite successful examples of “vibe coding,” it is obvious when a person using the AI agent doesn’t know how to code, engineers and computer science professors previously told Business Insider.

Brockman said that oversight will still be critical as AI agents take on more ambitious roles. OpenAI has been strategizing since 2017 on how humans or even less sophisticated AIs can supervise more powerful AIs, he said, in order to maintain oversight and “be in the driver’s seat.”

“Figuring out this entire system and then making it multi-agent and steerable by individuals, teams, organizations, and aligning that with the whole intent of organizations, this is where it’s headed for me,” said Sottiaux. “It’s a bit nebulous, but it’s also very exciting.”





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Payhawk transforms spending experience for businesses with four enterprise-ready AI agents

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  • Financial Controller, Procurement, Travel, and Payments agents act within policy – giving finance more control and eliminating busywork.
  • For employees, forms, tickets, policies, reports and finance jargon are replaced with natural language conversation.
  • Payhawk’s Fall ’25 Product Edition also includes global payments at 0.3% FX in 115 currencies.

LONDON, Sept. 16, 2025 (GLOBE NEWSWIRE) — Payhawk, the finance orchestration and spend management platform, today announced its Fall ’25 Product Edition, expanding its AI Office of the CFO stack. The release brings a coordinated set of AI agents — Financial Controller, Procurement, Travel, and Payments — that complete everyday finance work, following the roles, policies, and approvals finance already sets with a full audit trail.

Employees make natural-language requests, and the agents guide them end-to-end through each process, collecting approvals in the background. Over time, agents learn preferences and anticipate needs, so tasks are completed faster and with less wasted effort.

“Enterprises don’t need more chat, they need outcomes,” said Hristo Borisov, CEO and Co-founder of Payhawk. “The majority of agents on the market today lack enterprise capabilities to be adopted at scale, such as permissions, policies, multi-tenancy, audit trails, and data security standards – all absolutely critical when it comes to business payments. Our AI agents act within your controls and finish real finance tasks, so the easy thing for employees is also the right thing for the business.”

Invisible orchestration by design

Payhawk’s agents operate within existing roles, permissions, and policies, keeping data in-platform and logging every action for auditability. Finance teams gain control and visibility, while repetitive busywork is eliminated.

What each аgent handles

  • Financial Controller Agent — Speeds up month-end closing by chasing receipts and uploading documents from vendor portals automatically, flagging anomalies, and escalating reminders around close. Expenses are submitted 2x faster.
  • Procurement Agent — Employees say what they need; the agent gathers context, applies budgets and policy, routes approvals, increases card limits or creates purchase orders — no forms, fewer tickets and reminders. Request to purchase time reduced by 60%.
  • Travel Agent — Books within policy via natural language based on user preferences, then auto-creates a trip report and groups expenses for one-click approval and ERP export. Saves up to 90 minutes per trip.
  • Payments Agent — Deflects approximately 40% of helpdesk work for your finance team by giving instant answers on failed transactions, blocked cards, pending reimbursements or funding issues and proposes compliant next steps.

Beyond the release of the AI Office of the CFO, Payhawk’s Fall ’25 Product Edition includes global payments at 0.3% FX in 115 currencies in partnership with JP Morgan Payments, enhanced role/permission controls, and additional platform improvements.

Payhawk will be hosting a product showcase on October 2nd 2025. To sign up, visit https://payhawk.com/editions/fall-2025.

About Payhawk

Payhawk is the finance orchestration platform that unifies global spend management with intelligent automation and real-time payments. Our solution combines corporate cards, expense management, accounts payable, and procure-to-pay in a single platform — eliminating manual processes that slow companies down.

Unlike solutions that force a trade-off between powerful controls and great user experience, Payhawk delivers both, enabling finance teams to drive efficiency and growth while maintaining control. Headquartered in London with 9 offices across Europe and the US, Payhawk serves mid-market and enterprise companies in 32+ countries. Learn more at www.payhawk.com.

Georgi Ivanov
Senior Communications Manager
georgi.ivanov@payhawk.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e27967d8-aa3f-4532-a4f4-d36c2a530404

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