News

Investments
Tech Giants Invest $235 Million in AI Startup Hugging Face
August 24, 2023

Artificial intelligence (AI) startup Hugging Face has raised $235 million in a Series D funding round at a $4.5 billion valuation. 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...

Artificial Intelligence
Generative AI’s Biggest Impact May Be as a Specialist
August 24, 2023

General-purpose innovations can often fall into the solution-in-search-of-a-problem trap.  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 agree...

Retail
Shopmium Adds Venmo to Its Cash Back Offerings
August 24, 2023

Savings app Shopmium has integrated Venmo into its cash-back redemption offering. 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,...

Retail
Walmart Partners with Wing to Expand Drone Delivery in Dallas
August 24, 2023

Walmart has partnered with Alphabet-owned on-demand drone delivery provider Wing to expand its drone delivery services to customers in the Dallas metro area. 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...

Retail
Shein and Forever 21 Forge Fast-Fashion Alliance
August 24, 2023

Chinese fast-fashion giant Shein has launched a partnership with American clothing retailer Forever 21. 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...

Retail
Marc Jacobs Beauty Reemerges to Cater to the Aspirational Shopper 
August 24, 2023

With the impact of inflation causing changes in consumer behavior and their preferences in extravagances, — with some opting for travel and others exploring luxury brands — luxury names such as Prada and Hermès have identified a previously untapped market potential. This realization has led...

Retail
ParcelLab Launches Digital Returns Portal and Post-Purchase Communications
August 24, 2023

ParcelLab has unveiled a new product that transforms the returns, warranty and exchange process from paper to digital. 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...

SPAC
Better Going Public Following Two-Year Listing Journey
August 24, 2023

After two years, mortgage lender Better.com will finally go public Thursday (Aug 24). 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....

Retail
Foot Locker’s Stock Plunges 34% as It Battles ‘Still-Tough Consumer Backdrop’
August 23, 2023

Foot Locker shares plunged 34% at the release of second-quarter earnings on Wednesday (Aug. 23) as the company faces a challenging retail environment and struggles to meet sales expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...