News

Artificial Intelligence
What Does it Mean to be Good for Humanity? Don’t Ask OpenAI Right Now 
November 20, 2023

“Techno-optimist.” “E/acc.” For those following the recent OpenAI drama, you’ve probably seen these words. 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...

Artificial Intelligence
OpenAI’s New Interim CEO Says He Will Reform Leadership Team
November 20, 2023

OpenAI’s newly appointed interim CEO — the second person to hold that post in three days — said one of his primary objectives is to investigate the process that led to the departure of OpenAI’s previous CEO, Sam Altman, on Friday (Nov. 17). Get the...

Artificial Intelligence
Amazon to Teach AI Skills to 2 Million Individuals by 2025
November 20, 2023

Amazon aims to provide free artificial intelligence (AI) skills training to 2 million individuals worldwide by 2025. 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...

Retail
D2C Brands Favor Retail as Consumers Resist Spending 
November 20, 2023

Despite the alleviation of inflation, consumers remain cautious about their spending habits. Consequently, direct-to-consumer (D2C) brands are facing challenges and are compelled to revamp their previously successful strategies. As a result, many are venturing into the realm of traditional retail.  Get the Full Story Complete...

Artificial Intelligence
Former OpenAI CEO Sam Altman Joins Microsoft’s Ranks
November 20, 2023

Sam Altman, the co-founder of OpenAI, will be joining Microsoft to lead a new advanced artificial intelligence research team. This announcement comes after Altman’s attempt to return to OpenAI faced resistance from the board that ousted him, leading to a breakdown in negotiations. Get the...

Artificial Intelligence
The Existential Threat That Microsoft Missed — and Could Put Its GenAI Future at Risk
November 20, 2023

It was going to be different this time. 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 Today. By completing this form, you...

Cross-border Payments
Visa and Remitly Expand Collaboration to Digitally Streamline Global Remittance Market
November 20, 2023

Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness, and Remitly’s CEO Matt Oppenheimer told PYMNTS cross-border money transfers are ripe for app-driven, digital modernization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cross-border Payments
Liquidity Management Key to Taming FX Volatility in Emerging Markets
November 20, 2023

Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches the last mile, said Jess Anuna, founder and CEO of Klasha, a global cross-border payments...

Retail
Social Media Influencers Behind Lavish Wedding Comeback
November 20, 2023

The COVID-19 pandemic drastically reshaped the landscape of weddings, giving rise to the trend of micro weddings. These smaller-scale celebrations, with trimmed guest lists and downsized ceremonies, were the choice during times of uncertainty and restrictions. Get the Full Story Complete the form to unlock...