Several economies in the East Asia and Pacific (EAP) region are growing faster than expected due to their involvement in manufacturing and exporting high-tech goods that support artificial intelligence-related activity, the World Bank Group said in a Tuesday (Oct. 6) press release. The World Bank...
South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that hacks had revealed user data at seven financial firms, with indications of AI use in...
Chinese artificial intelligence startup DeepSeek is reportedly close to raising $12 billion in a new funding round. That figure would surpass the company’s financing target as it prepares to go public next year, Bloomberg News reported Tuesday (Oct. 6). Contemporary Amperex Technology Co. and tech giant Tencent are...
Pinterest says it wants to help its beauty-focused online users employ that knowledge offline. The social media platform on Tuesday (Oct. 6) launched “Beauty Guides,” described as an artificial intelligence (AI)-powered experience that “turns hair and nail Pins into personalized, actionable guides” to help users...
Watch more: The Digital Shift With Visa’s Pavan HS Artificial intelligence shopping agents are creating a new kind of customer at the merchant’s front door: software that may know what a consumer wants, yet arrives without many of the signals merchants have learned to trust....
AI may be ready to shop. Consumers are still deciding how much freedom they want to give it. “Holiday Retail’s AI Test Starts With Who Gets to Hit Buy” was produced by PYMNTS following a closed-door roundtable at Mastercard’s New York technology hub. The discussion brought...
October. Some readers mark it on the calendar for the return of autumn and chilly temperatures. Others get ready for the full dose of sports that comes with the NFL season and the World Series. Here at PYMNTS, it’s B2B Payments time. This year marks...
Credit unions deciding where to put their next technology dollar are getting a different answer from consumers than they might expect. The PYMNTS Intelligence playbook “Credit Union Innovation Readiness: The Rewards Opportunity Credit Unions Can No Longer Ignore,” produced in collaboration with Velera, found in...
Amazon now captures more spending than Walmart in five of seven retail categories, extending its reach from electronics and apparel into health and personal care. That breadth gives Amazon several ways to grow as consumers shift more purchases toward goods they can research, order and...