News

Retail
Amazon Grabs 16.2% of Clothing Sales, Leaving Walmart Behind
March 26, 2025

While the narrative of Amazon’s ascendance in discretionary spending and Walmart’s grip on grocery sales dominates the retail conversation, a closer examination of the latest PYMNTS Intelligence report, “Tale of Two Shoppers: Amazon for Discretionary Spending, Walmart for Groceries and Basics,” reveals nuanced shifts in...

Artificial Intelligence
Beyond the Hype: What CFOs Should Know About AI Agents
March 25, 2025

When chief financial officers (CFOs) consider implementing agentic artificial intelligence (AI), they should treat it like other technologies their companies have adopted in the past, with some adjustments to mitigate specific risks that come with the new system. Get the Full Story Complete the form...

Artificial Intelligence
Paid Raises $10.8 Million to Scale Financial Infrastructure for AI Agents
March 25, 2025

Paid announced its launch and said it raised 10 million euros (about $10.8 million) to scale its financial infrastructure that helps the builders of artificial intelligence agents get paid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
OpenAI Adds New Image Generation Capabilities to GPT-4o
March 25, 2025

OpenAI has added new image generation capabilities that are native to GPT-4o, saying the model can now produce precise and photorealistic images. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
AI Startups: Ex-Cruise CEO’s Robot Startup Valued at $2 Billion With No Product
March 25, 2025

The former CEO of Cruise, an autonomous vehicle startup acquired by GM, has raised $150 million for his new robotics startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
Sweatin’ to the Chatbot: Echelon Targets Consumers With Hyper-Personalized Fitness
March 25, 2025

Echelon Fitness is rolling out a generative artificial intelligence (GenAI) assistant for the users of its fitness equipment that adds a unique personalization capability: You can “talk” to a chatbot to make changes to your custom workout plan. Get the Full Story Complete the form...

Artificial Intelligence
Alibaba Chairman Joe Tsai Cautions Against US AI Industry ‘Bubble’
March 25, 2025

Like many technology firms, China’s Alibaba has been investing in artificial intelligence. 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...

Artificial Intelligence
DeepSeek Debuts Upgrade to AI Model That Improves Reasoning and Coding
March 25, 2025

DeepSeek introduced an upgrade to its artificial intelligence model. 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,...

Artificial Intelligence
Fiserv CEO Wants to Tap AI to Find Social Security Fraud 
March 25, 2025

In his years at companies like Fiserv, Frank Bisignano has cultivated a reputation as a fixer. 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...