Backbase has introduced a tool that pairs banking teams with specialized artificial intelligence (AI) agents. The banking operating system provider’s Delivery Factory lets a bank’s delivery team work with AI agents “from the first agreed requirement to working code,” Backbase said in a news release provided to PYMNTS...
OpenAI is rolling out GPT-6.1 Terra, a new artificial intelligence (AI) model that costs half as much as two of its other models and is practical for automating high-volume work such as reading invoices and entering their information into accounting software, the company said in...
Wall Street’s next generation of artificial intelligence companies is taking shape around three businesses, including those that own financial data, those that turn it into research and analysis, and those that control the proprietary content investors rely on to make decisions. The emerging market includes...
Anthropic’s filed its paperwork to go public Monday (Oct. 26), becoming the first frontier artificial intelligence (AI) lab to seek a listing. Its prospectus disclosed $16.3 billion in revenue for the first six months of 2026 against $1.16 billion a year earlier. The company, which...
Virginia Gov. Abigail Spanberger ordered a statewide cybersecurity strategy to address threats from artificial intelligence, adding to states’ efforts to fill preparedness gaps left by the absence of comprehensive federal AI guardrails. Executive Directive 6, issued Friday (Oct. 23), instructs Virginia’s secretary of public safety...
Meta is planning to raise $95 billion to support its artificial intelligence (AI) efforts. The tech giant announced its fundraising plans Monday (Oct. 26), saying it planned to raise $35 billion in underwritten public equity offerings, before drumming up another $60 billion with an at-the-market program. “Meta’s planned...
Anthropic filed for a proposed initial public offering Monday (Oct. 26) without setting a price range. The artificial intelligence startup filed its Form S-1 with the Securities and Exchange Commission. Announcing the IPO filing in a press release, Anthropic said: “Anthropic intends to list its...
This week The Prompt Economy focuses on healthcare. It’s here that agentic AI is affecting payments, research, care protocols and the patient experience. It’s early days, but as you will see, progress is accelerating. So is identifying the pain points in healthcare and their solutions....
Corporate America has invested heavily in artificial intelligence in the last few years. So far, these efforts haven’t yielded much in the way of results, Apollo Global Management Chief Economist Torsten Slok wrote in a note Saturday (Oct. 24). “Despite massive investments and widespread hype around...