Snowflake has unveiled its Cortex AI suite, designed to help financial firms deploy AI models while ensuring compliance with regulatory standards. Key features include a managed Model Context Protocol Server for secure data connectivity and tools for data science automation and natural language querying.

Basis Theory has raised $33 million in a Series B funding round to enhance its independent payments infrastructure aimed at empowering merchants with better control over their payment data and facilitating agentic commerce. The company plans to expand its platform, which allows businesses to securely manage payment data, enabling AI-driven transactions and partnerships without being locked into rigid systems.