News

Artificial Intelligence
This Week in AI: From Mini GPTs to Construction Cash Flow
July 19, 2024

As OpenAI unveils its compact GPT-4o mini and pursues human-level reasoning with “Project Strawberry,” AI’s reach expands across industries, sparking innovation and concern. From potentially homogenizing creativity to transforming finance and construction, AI’s rapid advance has regulators and businesses scrambling to harness its power while...

Retail
Navigating Change: Insights From Kenneth Cole and Nuts.com
July 19, 2024

Earlier this month at The Lead Summit in New York City, Jed Berger, president of apparel company Kenneth Cole Productions, and PJ Oleksak, CEO of Nuts.com, offered valuable perspectives on steering their companies through transformative changes while preserving brand integrity. Get the Full Story Complete the...

B2B Payments
Beyond Payments: What B2B Businesses Can Unlock With Clean Data
July 19, 2024

In today’s digital world, effective use of data defines increasingly defines business success. 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
Big Tech’s AI Ambitions Face Reality Check, PYMNTS Intelligence Data Shows
July 19, 2024

Despite big budgets and bold plans, a new survey conducted by PYMNTS Intelligence reveals most large companies are struggling to implement AI in meaningful ways, lagging behind in the race to leverage artificial intelligence for transformative business impact. Get the Full Story Complete the form...

Delivery
UPS, FedEx Say Deliveries May Be Delayed by Microsoft Outage
July 19, 2024

Both UPS and FedEx told their customers Friday (July 19) that package deliveries may be delayed due to the global Microsoft outage that began late Thursday (July 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Personalized Luxury: The Key to Winning Wealthy Shoppers
July 19, 2024

In an era where luxury is becoming increasingly defined by personalization, wealthy consumers are demanding that brands innovate, tailoring their offerings to match their individual preferences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
AI Sparks a Creative Revolution in Business, With an Unexpected Twist
July 19, 2024

In the race to harness artificial intelligence (AI), businesses are discovering an unexpected wrinkle: AI that sparks individual brilliance may be flattening the creative landscape. As companies from tech startups to Madison Avenue ad agencies embrace these digital muses, they’re grappling with a paradox that...

Retail
Amazon’s Prime Day Leaves Walmart+ Deal Days in Summer Haze
July 19, 2024

As Amazon and Walmart compete to win consumers’ retail spending, it seems the former may have had more success with its summer deals event than the latter, widening the gap beyond even last year’s marked disparity.   Get the Full Story Complete the form to...

Fintech Investments
FinTech IPO Index Up 3.8% as Lemonade Surges on UK Expansion
July 19, 2024

Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the prime movers. Get the Full Story Complete the form to unlock this article and enjoy...