Inside Stripe’s Foundation Model: The Next AI Arms Race in Online Payments

Stripe’s latest move is a bold bet on artificial intelligence. This week, the fintech giant unveiled what it calls the world’s first AI foundation model for payments, a gargantuan machine-learning model trained on its vast trove of transaction data. The company is touting this system as a breakthrough that will make online commerce safer and more efficient – flagging fraud that others miss, while boosting legitimate sales. It’s a headline-grabbing announcement, positioning Stripe at the forefront of AI innovation in finance. But beyond the splashy claims lies a deeper story about how AI is reshaping fraud detection in fintech, the competitive pressures driving such projects,

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