Block explores how to price AI

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  "company": {
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    "url": "https://www.paymentsdive.com/news/block-explores-how-to-price-ai/827204/",
    "title": "Block explores how to price AI - Payments Dive",
    "excerpt": "Cash App’s parent is focused on customer adoption of its AI tools before deciding how it will monetize those offerings, CEO Jack Dorsey said. Block owns Cash App, a digital payments app, and the point-of-sale service Square, in addition to buy now, pay later business Afterpay . Six months ago, Block took a dramatic step to advance its AI use and seek efficiencies across the company, laying off about 4,000, or roughly 40% of its workforce. Block has rolled out several AI tools for customers within the past year, including two – called Moneybot and Managerbot – that are for Cash App users and Square sellers, respectively. Two years ago, Block also built an internal AI system it calls Goose, an “agnostic” AI tool that integrates different commercial AI models for employee use. Starting in June, “agentic AI helped write and review nearly all of our production code changes,” Dorsey wrote in his quarterly shareholder letter . “Block epitomizes the secular shift toward tech-forward digital finance firms,” William Blair analyst Andrew Jeffrey wrote Wednesday in a client note. On Thursday, Square introduced a new “ conversational AI experience ” within Google Maps “ where customers discover restaurants and place orders simply by asking questions,” according to a Block news release. The Google Maps announcement was “the first step in a broader partnership between Square and Google, as...",
    "summary": "Block reported second-quarter net income of $89 million, down 83% from a year ago.",
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    "published_at": "2026-08-06T15:56:21Z",
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    "article_sentence": "On a net income basis, Block earned $89 million, down 83% from a year ago, amid employee-related severance costs to complete its corporate restructuring.",
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