Global investment in artificial intelligence (AI) could exceed $2.8 trillion by 2029, according to Citigroup estimates reported by PYMNTS. Most of that money flows through a small group of companies that own the models, the cloud infrastructure, and the data pipelines. That concentration has fueled...
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Generative AI is consuming money and attention at a pace no technology has matched before. Global infrastructure spending reached $235 billion in 2024, with forecasts of $2.8 trillion by 2029. More than 700 million people use ChatGPT each week, making it the fastest adoption curve in history....
Perplexity AI made its artificial intelligence-powered browser, Comet, available generally and at no cost. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Germany-based DeepL, which provides an artificial intelligence-powered translation platform, is reportedly considering an initial public offering in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Microsoft Chairman and CEO Satya Nadella is handing off some duties related to the company’s commercial business so that he and the firm’s engineering leaders can be “laser focused” on technical work related to artificial intelligence. Get the Full Story Complete the form to unlock...
By combining permissioned customer data with artificial intelligence (AI), financial institutions can tailor moments of interaction today and anticipate the needs and products clients will demand tomorrow, in a shift toward “cognitive banking” that builds on trusted relationships. Get the Full Story Complete the form...
Meta will begin using people’s conversations with its artificial intelligence to create personalized ads and content. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
AI agents are fast becoming the new gatekeepers of commerce, shrinking discovery from thousands of listings to a handful of curated options and collapsing checkout into a single click. Google, PayPal and eBay are racing to control that interface, each with a distinct strategy but...
