> "anyone can build a payment processor, nobody can get regulatory approval."
If you want to become a bank regulatory approval is hard. If you don't then its necessary but not the biggest barrier by far. Building trust with card networks, merchants & banks, interfacing with card networks, optimizing acceptance rates to a high level against the black box of card networks etc.
And then you still wouldn't make any money because the margins are extremely low on processing payments themselves - so either you have to have massive scale or have a bunch of value added services that you charge more for. For which you also need a serious commercial engine to be able to sell to either loads of enterprises or some very large ones (who will rarely sign exclusive deals - they will just give you a share of wallet so they can transfer traffic over at will).
Not made clear in this article - this bill will be passed back to the House of Commons to debate/amend before going back to the House of Lords. This was not the final say.
Does anyone know where their SWE-bench Verified results are from? I can't find matching results on the leaderboards for their models or the Claude models and they don't provide any links.
They are built to last. I've had my Fenix 5 for at least 7 years and it shows no signs of slowing or dying. Battery still lasts 5 days or so with normal use. Think it's just stopped getting software updates.
Admittedly they were a bit cheaper back then (but this will one will be too next year)...
> For Free and Plus users, these changes take effect immediately. Pro, Team, and Enterprise users will also see the changes at launch but will have access to older models through legacy model settings.
So only for free/plus users (for now). I do wonder how long they will take to deprecate these models via API though...
AFAIK integrating an android fork with the hardware on modern devices is a LOT of work and usually done by the hardware manufacturers themselves (and this layer is not shared openly). These folk https://itsfoss.com/open-source-alternatives-android/ have tried or are trying to do related things.
If you want to become a bank regulatory approval is hard. If you don't then its necessary but not the biggest barrier by far. Building trust with card networks, merchants & banks, interfacing with card networks, optimizing acceptance rates to a high level against the black box of card networks etc.
And then you still wouldn't make any money because the margins are extremely low on processing payments themselves - so either you have to have massive scale or have a bunch of value added services that you charge more for. For which you also need a serious commercial engine to be able to sell to either loads of enterprises or some very large ones (who will rarely sign exclusive deals - they will just give you a share of wallet so they can transfer traffic over at will).
Card networks are another story...