Trusted payments are the key to consumers’ willingness to participate in agentic commerce, Visa said in a Wednesday (Sept. 9) press release. Visa’s research found that 72% of consumers have used an artificial intelligence assistant, but only 23% of U.S. consumers in the United States...
Mastercard is expanding one agentic AI offering for merchants while introducing another. The payments giant on Wednesday (Sept. 9) announced it had updated its Mastercard Agent Suite for Merchants, which lets businesses bring “agent-powered shopping experiences” into their eCommerce platforms. “Consumers are increasingly relying on AI-powered assistants to...
Banks have spent the past several years asking whether artificial intelligence can make better decisions. The more important question is becoming whether their infrastructure can execute those decisions. While 52% of banks have piloted agentic AI, just 16% have fully deployed production use cases, according...
Artificial intelligence coding startup Cognition raised over $2 billion at a $48 billion valuation in a Series E funding round, the company said in a Tuesday (Sept. 8) blog post. This announcement came just over three months after a May 27 Series D funding round...
Coca-Cola thinks its artificial intelligence just solved one of the oldest headaches in retail: knowing what to stock, and how much to buy. Coke Buddy, Coca-Cola’s self-ordering platform for retailers, lets merchants buy products through its app, website or WhatsApp, with personalized purchase suggestions, promotions...
As Congress returned from its summer recess last week, lawmakers proposed a series of artificial intelligence-related measures, including a ban on development of superintelligent AI systems and human review of health insurance decisions. The most sweeping proposal came from Sen. Bernie Sanders of Vermont, whose...
Anthropic’s revenue jumped to more than $11.5 billion in its second quarter, up from $787 million a year earlier, CNBC reported. That pace of growth is pushing the company to weigh a harder question than most startups face: keep renting its financial infrastructure or start...
Runway AI, a company building world models as well as platforms built on top of those models, has doubled its annual recurring revenue (ARR) since April, reaching $200 million, Co-Founder and Co-CEO Anastasis Germanidis said in a Tuesday (Sept. 8) post on LinkedIn. The platforms...
Healthcare technology developer Forus raised $150 million in new funding, according to a Tuesday (Sept. 8) press release. The startup’s Series C round values Forus at $3 billion and will help the company bring its product to new medical offices around the country, the release...