News

Retail
Report: Shein and Temu Fight Two-Front Battle for Fast-Fashion Market
July 30, 2023

Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” 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...

Retail
Luxury Retailers Say Slowdown Is a Sign of ‘Normalization’
July 30, 2023

After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline.  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,...

Loyalty & Rewards
Embracing Disloyalty: Are Consumers Rewriting Rewards Programs?
July 29, 2023

With the resurgence of travel and consumers increasingly relying on credit to pursue their experiences, one might assume that brand loyalty would become more straightforward. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Report: Figure Technologies Lays Off 90 Employees and Plans IPO
July 28, 2023

Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). 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,...

Artificial Intelligence
Tapping AI for Enterprise Enablement Is Supercharging Corporate Capabilities
July 28, 2023

Reliable operational performance can’t be pulled out of thin air. 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...

Artificial Intelligence
Microsoft Emphasizes Importance of GPU Supply for AI
July 28, 2023

Microsoft has told investors that the supply of graphics processing units (GPUs) is a key resource — and risk factor — for the company’s growing cloud business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
AP’s Licensing Deal With OpenAI Includes First-Mover Safeguard
July 28, 2023

When the Associated Press (AP) became the first major publisher to license its content to a major artificial intelligence (AI) platform, the newswire reportedly ensured that it could modify the terms if another publisher struck a better deal. Get the Full Story Complete the form to unlock...

Artificial Intelligence
Can Always-On AI Give Healthcare Providers a Helping Hand?
July 28, 2023

What industry does artificial intelligence (AI) have the potential to transform most? 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...

Payment Methods
This Week in Payments: Card Networks Strong, Crypto Regs in Focus, Shopify Helps SMBs
July 28, 2023

This week in payments, Mastercard and Visa both posted strong numbers in the quarter that just ended, cryptocurrency regulation is poised to take a major step forward, and Shopify equipped small- to medium-sized businesses (SMBs) with easier access to working credit. Get the Full Story...