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jcIssac

别人恐惧我贪婪别人贪婪我贪婪

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- jcIssacjcIssac
  ·2023-07-07
  Ai heat is dropping, pls aware
  Better Buy: C3.ai vs. Palantir Technologies
  A face-off between two enterprise artificial intelligence companies.
  Better Buy: C3.ai vs. Palantir Technologies
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- jcIssacjcIssac
  ·2022-06-14
  No harm to build own eco system right. Just hope dont bleed like amazon invest in rivian. Waste money..
  Apple Is Starting to Walk and Talk Like a Bank. Could It Ever Become One?
  Apple recently took another big step in the financial services space.
  Apple Is Starting to Walk and Talk Like a Bank. Could It Ever Become One?
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heat is dropping, pls aware","listText":"Ai heat is dropping, pls aware","text":"Ai heat is dropping, pls aware","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195356411424792","repostId":"2349003627","repostType":2,"repost":{"id":"2349003627","kind":"highlight","pubTimestamp":1688712675,"share":"https://ttm.financial/m/news/2349003627?lang=&edition=fundamental","pubTime":"2023-07-07 14:51","market":"us","language":"en","title":"Better Buy: C3.ai vs. Palantir Technologies","url":"https://stock-news.laohu8.com/highlight/detail?id=2349003627","media":"Motley Fool","summary":"A face-off between two enterprise artificial intelligence companies.","content":"<html><head></head><body><p>Artificial intelligence could push the economy to new productivity levels over the coming years, but most businesses won&#39;t be doing it on their own. Instead, they&#39;ll enlist help from companies like <a href=\"https://laohu8.com/S/AI\">C3.ai </a> and <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies </a>, which develop AI software solutions for organizations.</p><p>Both stocks have been big winners this year; C3.ai has soared a staggering 234% since January, while Palantir has followed closely behind with 141% in gains. But which is the better buy today and moving forward?</p><p>Here, I&#39;ve peeled back the layers of each company to examine which has the advantage in growth, financials, and valuation. The numbers seem to point toward a decisive winner. </p><p>Read on to find out more.</p><h2>Introducing our competitors</h2><p>C3.ai helps companies develop and deploy AI software applications. It offers a development platform to design and roll out applications and turnkey programs customers can integrate into their operations. Its software applies to many industries, from energy to supply chain and defense. The company&#39;s done $266 million in revenue over the past four quarters.</p><p>Palantir Technologies helps government organizations and enterprises build and deploy custom software applications through its platforms Gotham (private sector), Foundry (government), and AIP (artificial intelligence). The company&#39;s roots begin with the U.S. government, where it works with many agencies. It&#39;s also expanding its commercial business. Palantir generated $2 billion in revenue over the past four quarters.</p><h2>Round one: Growth</h2><p>Both companies have seen revenue growth slow over the past 18 months but for potentially different reasons. C3.ai has changed its billing method to a usage-based model and expects growth to accelerate as the company implements new customer programs. The company ended its fiscal year 2023 at the end of May and reported 126 agreements throughout the year, a 52% increase over fiscal year 2022.</p><p>Meanwhile, Palantir generates more than half its revenue from government customers (primarily the U.S.) which can ebb and flow with politics and government spending trends. However, defense spending has historically moved higher over time. Investors should see if Palantir&#39;s growth bounces back with the recent debt ceiling drama resolved. Palantir grew its number of U.S. enterprise customers by more than 50% year over year in its most recent quarter, a good sign for potential future growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/736d1951701828088c3a8380ed782049\" alt=\"AI Revenue (Quarterly YOY Growth) data by YCharts.\" title=\"AI Revenue (Quarterly YOY Growth) data by YCharts.\" tg-width=\"720\" tg-height=\"449\"/><span>AI Revenue (Quarterly YOY Growth) data by YCharts.</span></p><p><strong>Verdict:</strong> Palantir gets the nod here until C3.ai puts up numbers showing its billing change is supporting growth.</p><h2>Round two: Financials</h2><p>The two companies are in different financial classes at the moment. C3.ai is growing a much smaller revenue number. That trickles down to its cash flow, which is still negative. On the other hand, Palantir turned cash-flow positive in 2021 and has begun posting positive generally accepted accounting principles (GAAP) profits too.</p><p>Both companies are well-funded and carry zero long-term debt on their books.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74cbbf3f2ae72855ad60ae3ab9802a26\" alt=\"AI Free Cash Flow data by YCharts.\" title=\"AI Free Cash Flow data by YCharts.\" tg-width=\"720\" tg-height=\"497\"/><span>AI Free Cash Flow data by YCharts.</span></p><p></p><p><strong>Verdict:</strong> This is an easy win for Palantir, which is well funded and still generating hundreds of millions of dollars in free cash flow.</p><h2>Round three: Valuation</h2><p>Since C3.ai isn&#39;t yet profitable, one can start by comparing their valuations based on revenue via the price-to-sales (P/S) ratio. Right now, both stocks trade at roughly the same valuation -- but should they?</p><p>Palantir is not only profitable but is reaching the point where expenses are leveling out (often called operating leverage), which will supercharge earnings growth as the company keeps expanding. Analysts believe the company&#39;s earnings will grow by an average of 60% annually moving forward.</p><p>C3.ai&#39;s management team is targeting positive operating margins over the next year, but that&#39;s still a potential ways off from bottom-line profits. Analysts currently believe the company will turn its profit by April 2025.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1e1143f2d8d504c5231b77ba228c8a77\" alt=\"AI P/S Ratio data by YCharts.\" title=\"AI P/S Ratio data by YCharts.\" tg-width=\"720\" tg-height=\"545\"/><span>AI P/S Ratio data by YCharts.</span></p><p><strong>Verdict:</strong> Palantir&#39;s more attractive at its price because of the expected earnings growth over the coming years.</p><h2>And the winner is...</h2><p>Palantir took all three categories, which makes the stock the seemingly obvious better buy for investors. Now, what was the point of this exercise? It shows that investors can&#39;t base their decisions on price action alone. C3.ai stock has performed significantly better than Palantir&#39;s over the past six months, but it could be Palantir that is the better investment five years from now.</p><p>Investors should always consider a company&#39;s fundamentals as their <em>North Star</em> in building their portfolio. In this case, Palantir is the stock you want to buy for today and the future.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: C3.ai vs. Palantir Technologies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Buy: C3.ai vs. Palantir Technologies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-07 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/07/06/better-buy-c3ai-vs-palantir-technologies/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Artificial intelligence could push the economy to new productivity levels over the coming years, but most businesses won't be doing it on their own. Instead, they'll enlist help from companies like ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/07/06/better-buy-c3ai-vs-palantir-technologies/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AI":"C3.ai, Inc.","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2023/07/06/better-buy-c3ai-vs-palantir-technologies/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2349003627","content_text":"Artificial intelligence could push the economy to new productivity levels over the coming years, but most businesses won't be doing it on their own. Instead, they'll enlist help from companies like C3.ai  and Palantir Technologies , which develop AI software solutions for organizations.Both stocks have been big winners this year; C3.ai has soared a staggering 234% since January, while Palantir has followed closely behind with 141% in gains. But which is the better buy today and moving forward?Here, I've peeled back the layers of each company to examine which has the advantage in growth, financials, and valuation. The numbers seem to point toward a decisive winner. Read on to find out more.Introducing our competitorsC3.ai helps companies develop and deploy AI software applications. It offers a development platform to design and roll out applications and turnkey programs customers can integrate into their operations. Its software applies to many industries, from energy to supply chain and defense. The company's done $266 million in revenue over the past four quarters.Palantir Technologies helps government organizations and enterprises build and deploy custom software applications through its platforms Gotham (private sector), Foundry (government), and AIP (artificial intelligence). The company's roots begin with the U.S. government, where it works with many agencies. It's also expanding its commercial business. Palantir generated $2 billion in revenue over the past four quarters.Round one: GrowthBoth companies have seen revenue growth slow over the past 18 months but for potentially different reasons. C3.ai has changed its billing method to a usage-based model and expects growth to accelerate as the company implements new customer programs. The company ended its fiscal year 2023 at the end of May and reported 126 agreements throughout the year, a 52% increase over fiscal year 2022.Meanwhile, Palantir generates more than half its revenue from government customers (primarily the U.S.) which can ebb and flow with politics and government spending trends. However, defense spending has historically moved higher over time. Investors should see if Palantir's growth bounces back with the recent debt ceiling drama resolved. Palantir grew its number of U.S. enterprise customers by more than 50% year over year in its most recent quarter, a good sign for potential future growth.AI Revenue (Quarterly YOY Growth) data by YCharts.Verdict: Palantir gets the nod here until C3.ai puts up numbers showing its billing change is supporting growth.Round two: FinancialsThe two companies are in different financial classes at the moment. C3.ai is growing a much smaller revenue number. That trickles down to its cash flow, which is still negative. On the other hand, Palantir turned cash-flow positive in 2021 and has begun posting positive generally accepted accounting principles (GAAP) profits too.Both companies are well-funded and carry zero long-term debt on their books.AI Free Cash Flow data by YCharts.Verdict: This is an easy win for Palantir, which is well funded and still generating hundreds of millions of dollars in free cash flow.Round three: ValuationSince C3.ai isn't yet profitable, one can start by comparing their valuations based on revenue via the price-to-sales (P/S) ratio. Right now, both stocks trade at roughly the same valuation -- but should they?Palantir is not only profitable but is reaching the point where expenses are leveling out (often called operating leverage), which will supercharge earnings growth as the company keeps expanding. Analysts believe the company's earnings will grow by an average of 60% annually moving forward.C3.ai's management team is targeting positive operating margins over the next year, but that's still a potential ways off from bottom-line profits. Analysts currently believe the company will turn its profit by April 2025.AI P/S Ratio data by YCharts.Verdict: Palantir's more attractive at its price because of the expected earnings growth over the coming years.And the winner is...Palantir took all three categories, which makes the stock the seemingly obvious better buy for investors. Now, what was the point of this exercise? It shows that investors can't base their decisions on price action alone. C3.ai stock has performed significantly better than Palantir's over the past six months, but it could be Palantir that is the better investment five years from now.Investors should always consider a company's fundamentals as their North Star in building their portfolio. In this case, Palantir is the stock you want to buy for today and the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9052110741,"gmtCreate":1655136062383,"gmtModify":1676535568344,"author":{"id":"4094107750058270","authorId":"4094107750058270","name":"jcIssac","avatar":"https://community-static.tradeup.com/news/d2ad2e82937e258ade5fa4de79775c8c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4094107750058270","authorIdStr":"4094107750058270"},"themes":[],"htmlText":"No harm to build own eco system right. Just hope dont bleed like amazon invest in rivian. Waste money..&nbsp;","listText":"No harm to build own eco system right. Just hope dont bleed like amazon invest in rivian. Waste money..&nbsp;","text":"No harm to build own eco system right. Just hope dont bleed like amazon invest in rivian. Waste money..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9052110741","repostId":"2243965764","repostType":4,"repost":{"id":"2243965764","kind":"highlight","pubTimestamp":1655131139,"share":"https://ttm.financial/m/news/2243965764?lang=&edition=fundamental","pubTime":"2022-06-13 22:38","market":"us","language":"en","title":"Apple Is Starting to Walk and Talk Like a Bank. Could It Ever Become One?","url":"https://stock-news.laohu8.com/highlight/detail?id=2243965764","media":"Motley Fool","summary":"Apple recently took another big step in the financial services space.","content":"<html><head></head><body><p><b>Apple</b> appeared to catch the market by surprise when it recently announced plans to offer a buy now, pay later (BNPL) offering in its wallet app, another step into the financial services space for the consumer tech giant. Many have long feared that tech giants like Apple could <a href=\"https://laohu8.com/S/AONE.U\">one</a> day become banks and offer traditional financial services because of their superior customer acquisition and tech capabilities. With Apple continuing to walk and talk more like a bank, could the company ever get a banking charter and become one?</p><h2>The BNPL offering</h2><p>Customers who use Apple&#39;s wallet app to purchase items will have the option to put no money down and pay off the purchase through multiple installment payments with no extra fees or interest attached. The buy now, pay later payment format has become wildly popular among consumers and also has helped merchants increase sales.</p><p>To start, this will be a challenge to others in the BNPL space because of how well integrated the offering is. But Apple is also planning to fund the loans from its own balance sheet and make loan underwriting decisions through its own subsidiary, called Apple Financing. Typically, a lot of consumer tech companies will turn to partner banks to help them set up this kind of infrastructure, which is why this announcement has attracted so much interest.</p><p>Apple is still partnering with <b>Mastercard</b> to help it set up its BNPL offering. Mastercard has a white-label product and still communicates with the vendors to make the process possible. <b>Goldman Sachs </b>is the issuer of Apple&#39;s credit card. Apple Financing has also apparently obtained all of the necessary state licenses to issue the BNPL loans.</p><h2>Getting a bank charter</h2><p>While it&#39;s very uncommon for a large tech company to outright obtain a bank charter, large payments and tech company <b><a href=\"https://laohu8.com/S/SQ\">Block</a></b> did manage to obtain an industrial bank charter after a very lengthy process. An industrial bank charter is for a state-chartered bank with insurance from the Federal Deposit Insurance Corp. (FDIC), but it is a bit more limited in nature.</p><p>So, while Apple could try to pursue a bank charter, I doubt it would, given how long the process might take and the pushback it might receive from the banking industry and other regulators due to antitrust concerns. With more than 1.8 billion active iPhones, if Apple did ever pursue a charter and get more involved in traditional banking services, there could be concerns over data privacy.</p><p>A recent example that comes to mind is <b><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></b>&#39; foray into stablecoins, which are digital assets pegged to a commodity or fiat currency. Meta for years sank time and resources into building a U.S. dollar-backed stablecoin called Diem, but kept running into regulatory issues. The company tried partnering with an issuing bank for the token but eventually ended up selling the project. Many surmise that regulatory issues were the primary reason for the sale.</p><p>Finally, keep in mind that banking is a very heavily regulated industry, with most banks having three regulators. Even Block, with its industrial charter, is still regulated by the FDIC and the Utah Department of <a href=\"https://laohu8.com/S/FISI\">Financial Institutions</a>. And then once a company is a bank, it has to raise and hold regulatory capital, which investors are not always so thrilled about.</p><h2>Will it ever happen?</h2><p>I find it unlikely that Apple would ever pursue a bank charter due to pushback from regulators, the lengthy application process, and the need to hold regulatory capital. But perhaps after setting up and running some of its banking infrastructure, Apple will get more interested, especially if it sees serious profit potential. But even without getting a charter, the fact that Apple is bringing its loan underwriting under its roof will give the company more data on its consumers&#39; finances, which could embolden Apple to offer even more financial services in the future.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Is Starting to Walk and Talk Like a Bank. Could It Ever Become One?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Is Starting to Walk and Talk Like a Bank. Could It Ever Become One?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-13 22:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/13/apple-starting-walk-and-talk-like-bank-bnpl/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple appeared to catch the market by surprise when it recently announced plans to offer a buy now, pay later (BNPL) offering in its wallet app, another step into the financial services space for the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/13/apple-starting-walk-and-talk-like-bank-bnpl/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2022/06/13/apple-starting-walk-and-talk-like-bank-bnpl/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2243965764","content_text":"Apple appeared to catch the market by surprise when it recently announced plans to offer a buy now, pay later (BNPL) offering in its wallet app, another step into the financial services space for the consumer tech giant. Many have long feared that tech giants like Apple could one day become banks and offer traditional financial services because of their superior customer acquisition and tech capabilities. With Apple continuing to walk and talk more like a bank, could the company ever get a banking charter and become one?The BNPL offeringCustomers who use Apple's wallet app to purchase items will have the option to put no money down and pay off the purchase through multiple installment payments with no extra fees or interest attached. The buy now, pay later payment format has become wildly popular among consumers and also has helped merchants increase sales.To start, this will be a challenge to others in the BNPL space because of how well integrated the offering is. But Apple is also planning to fund the loans from its own balance sheet and make loan underwriting decisions through its own subsidiary, called Apple Financing. Typically, a lot of consumer tech companies will turn to partner banks to help them set up this kind of infrastructure, which is why this announcement has attracted so much interest.Apple is still partnering with Mastercard to help it set up its BNPL offering. Mastercard has a white-label product and still communicates with the vendors to make the process possible. Goldman Sachs is the issuer of Apple's credit card. Apple Financing has also apparently obtained all of the necessary state licenses to issue the BNPL loans.Getting a bank charterWhile it's very uncommon for a large tech company to outright obtain a bank charter, large payments and tech company Block did manage to obtain an industrial bank charter after a very lengthy process. An industrial bank charter is for a state-chartered bank with insurance from the Federal Deposit Insurance Corp. (FDIC), but it is a bit more limited in nature.So, while Apple could try to pursue a bank charter, I doubt it would, given how long the process might take and the pushback it might receive from the banking industry and other regulators due to antitrust concerns. With more than 1.8 billion active iPhones, if Apple did ever pursue a charter and get more involved in traditional banking services, there could be concerns over data privacy.A recent example that comes to mind is Meta Platforms' foray into stablecoins, which are digital assets pegged to a commodity or fiat currency. Meta for years sank time and resources into building a U.S. dollar-backed stablecoin called Diem, but kept running into regulatory issues. The company tried partnering with an issuing bank for the token but eventually ended up selling the project. Many surmise that regulatory issues were the primary reason for the sale.Finally, keep in mind that banking is a very heavily regulated industry, with most banks having three regulators. Even Block, with its industrial charter, is still regulated by the FDIC and the Utah Department of Financial Institutions. And then once a company is a bank, it has to raise and hold regulatory capital, which investors are not always so thrilled about.Will it ever happen?I find it unlikely that Apple would ever pursue a bank charter due to pushback from regulators, the lengthy application process, and the need to hold regulatory capital. But perhaps after setting up and running some of its banking infrastructure, Apple will get more interested, especially if it sees serious profit potential. But even without getting a charter, the fact that Apple is bringing its loan underwriting under its roof will give the company more data on its consumers' finances, which could embolden Apple to offer even more financial services in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}