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Block (U.S. fintech company) Square unit to gain most from Dorsey (Block co-founder) AI (artificial intelligence) pivot, analysts say

According to analysts, Dorsey’s AI (artificial intelligence) strategy is expected to primarily benefit Square (merchant payments unit) within Block (U.S. fintech company).

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Terms & Concepts
  • Artificial Intelligence (AI): Technology that enables software systems to perform tasks like pattern recognition, prediction, and automation without explicit programming for each outcome.
  • Square: The merchant payments unit of Block that provides tools for businesses to accept payments and manage commerce.
  • Blockchain: A distributed ledger technology that records transactions across a network, underpinning many cryptocurrencies and decentralized applications.