OpenAI is close to finalizing a funding round in which it could raise as much as $30 billion at a $1.25 trillion pre-money valuation, CNBC reported Thursday (Oct. 22), citing unnamed sources. OpenAI told investors Thursday that it aims to secure signatures by the end...
Uber has made OpenAI’s ChatGPT Work available to all its 30,000 employees around the world after initially piloting it with 1,000 employees, OpenAI said in a Thursday (Oct. 22) press release. ChatGPT Work is an agent designed to take on complex, multi-step tasks within ChatGPT Enterprise and deliver finished work, according to the...
Banks keep their core systems because replacing them is costly and disruptive. Keeping them carries its own price. Employees work across fragmented applications, repeat manual steps and rely on expensive integrations. Fifty-two percent of financial institutions name legacy technology as an obstacle to real-time payments...
Chinese labs have led the open-weight artificial intelligence (AI) race for most of the year. This week, the U.S. stacked up its own entries, with Nvidia and Reflection releasing models built for enterprise work. DeepSeek and MiniMax responded with price cuts. Nvidia and Reflection Build...
Hotel franchising company Wyndham Hotels & Resorts offers artificial intelligence (AI) tools across the guest experience and has found that they improve franchisees’ top lines, reduce operating costs and enhance the guest experience, the company said in an investor presentation released Wednesday (Oct. 21). Wyndham’s network...
American Airlines’ loyalty program, AAdvantage, differentiates the company from its rivals and provides a competitive advantage, executives said Thursday (Oct. 22) during a third-quarter earnings call. “We said we’d lead in loyalty, and we are,” American Airlines CEO Robert Isom said during the call. “AAdvantage...
Stord has acquired third-party logistics provider AMS Fulfillment, adding more than 1 million square feet of warehouse space and expanding its capacity to handle orders for consumer brands as it invests in artificial intelligence and robotics. The Atlanta-based commerce technology company announced the acquisition Wednesday...
David’s Bridal plans to separate its Pearl division, with Pearl becoming an independent public company offering a digital wedding planning, media and commerce platform, the company said in a Thursday (Oct. 22) press release. To enable this change, David’s Bridal and special purpose acquisition company...
Financial technology firm Coast announced in a Thursday (Oct. 22) press release that it has raised $35 million in a new growth equity funding round to expand its payment and expense management platform built for physical economy businesses. Thomvest Ventures led the growth round. New...