Block Rallies as AI Push Turns Cash App Into a Lending Hub

Block’s first-quarter earnings report was the company’s first since its sweeping organizational restructuring and staff reductions earlier this year, and management used the call to highlight accelerating toward artificial intelligence-driven automation, embedded financial services and tighter connections between Cash App consumers and Square merchants. CEO Jack Dorsey told analysts the company’s internal reorganization was intended to flatten processes as Block leans more heavily into AI tools