News

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...

Artificial Intelligence
Anthropic Says DOJ Proposal to Monitor Google’s AI Investments Would Harm Competition
May 09, 2025

AI startup Anthropic and tech industry groups Engine Advocacy and TechNet reportedly said in a Friday (May 9) court filing that competition in the AI field would be harmed by a Department of Justice (DOJ) proposal that would require Google to give the DOJ advance...

B2B Payments
Ant International and Barclays Partner on Foreign Exchange Solutions
May 09, 2025

Ant International and Barclays have partnered to help businesses reduce their foreign exchange-related costs and their risks against global volatility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
AI System Can Predict Cancer Survival Prognosis Better Than Doctors, Researchers Say
May 09, 2025

It is often a heart-stopping moment for patients when they hear their doctor’s prognosis that they have cancer. 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...

Investments
Rippling Raises $450 Million to Expand Workforce Management Platform
May 09, 2025

Rippling has raised $450 million in a Series G funding round to accelerate its expansion into new markets, enhance its existing products and develop new ones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
B2B Marketplaces Offer Buyers and Suppliers New Procurement Playbook
May 09, 2025

The B2B landscape is built on sales cycles. But as trade dynamics shift the operating landscape, buyers and suppliers alike are finding themselves forced to shift their tactics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...