News

Banking
Bank Loan or Embedded Financing? Depends on How Sunny a Business Is About the Economy
May 12, 2025

As the U.S. economy bumps up against fluctuating interest rates, tariffs and newly complex supply chains, medium-sized companies face critical decisions about how to fund their operations and fuel growth. The way these firms choose to access capital isn’t just a technical deliberation about their...

Artificial Intelligence
OpenAI and Microsoft Reportedly Rework Pact Ahead of Possible IPO
May 11, 2025

OpenAI is reportedly in the middle of reworking its multibillion-dollar agreement with Microsoft. 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....

Artificial Intelligence
Insurers Begin Covering AI Mishap-Related Losses
May 11, 2025

Lloyd’s of London has debuted an insurance product for companies dealing with artificial intelligence (AI)-related malfunctions. 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...

IPO
Shein’s Derailed Listing Has UK Investors Looking at ‘Notable IPOs’
May 11, 2025

With Shein’s IPO in limbo, U.K. investors are reportedly seeking a new hope. 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....

Artificial Intelligence
Apple and Google Investors Fret as ChatGPT Gains Search Ground 
May 11, 2025

Investors in Apple and Google are reportedly uneasy about the growing popularity of artificial intelligence (AI) search. 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...

Banking
Platforms, Private Credit Fund and Banks’ Fortunes Are Increasingly Intertwined
May 09, 2025

Private credit exists as an essential part of the capital spectrum, especially for firms that cannot get, or choose not to get, traditional bank channels. The private credit firms — including venture capital companies, buyout funds, hedge funds, direct lenders and others — are in...

Artificial Intelligence
Senator Grills OpenAI CEO on View that AI Could Eliminate Up to 70% of Jobs
May 09, 2025

OpenAI CEO Sam Altman was grilled by a Democratic senator this week about his view that up to 70% of jobs could be eliminated by AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Relevance AI Raises $24 Million to Grow AI Agent Operating System
May 09, 2025

Relevance AI has raised $24 million in a Series B funding round to accelerate the expansion and adoption of its platform that helps companies create and deploy specialized artificial intelligence (AI) agents. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
AI Startups: AI Coding Tool Maker Anysphere Raises a Blockbuster $900 Million
May 09, 2025

Anysphere, the maker of coding tool Cursor, raised $900 million in a new round of funding that values the San Francisco-based company at $9 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...