Nscale, a full-stack artificial intelligence cloud platform, has closed a $900 million revolving credit facility to accelerate its AI data center build-out and capital deployment across the United States, Europe and the Asia-Pacific region. Get the Full Story Complete the form to unlock this article...
Norm Ai, an artificial intelligence startup focused on the legal industry, raised $120 million. 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...
Bank transfers and electronic payments from Saudi Arabia to the United Arab Emirates are in some cases being blocked, while those going through other corridors are operating as usual, Bloomberg reported Tuesday (July 7), citing unnamed sources. Get the Full Story Complete the form to...
China’s eCommerce company Alibaba has reportedly barred employees from using Anthropic’s AI tools at work. 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,...
Watch more: The Digital Shift With Sunlight’s Guy Ziv 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,...
For most of the history of financial services, credit functioned as a blunt instrument. A bank extended a line, a customer drew on it and borrowing remained separate from spending. The amount borrowed determined the terms, while what customers actually purchased was irrelevant. Get the...
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade. Get the...
A group of major artificial intelligence (AI) investors is pooling capital into a vehicle designed to buy up traditional services businesses and transform them using AI. Thrive Holdings, a one-year-old holding company started by OpenAI investor Thrive Capital, is raising around $2 billion from Altimeter...
FinTechs are treating banking licenses as strategic infrastructure. Klarna’s decision to apply to establish Klarna Bank USA, a Utah-chartered industrial bank, illustrates that shift. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
