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Artificial Intelligence
Nvidia Faces Growth Slowdown Despite Strong Q2 AI Demand
August 29, 2024

Nvidia’s latest earnings report released Wednesday (Aug. 28) revealed a paradox: record-breaking revenue fueled by artificial intelligence chip demand, yet a deceleration in growth that left investors jittery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
California AI Safety Bill Gets Legislature’s Approval
August 29, 2024

California lawmakers passed an artificial intelligence safety bill despite industry opposition. 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...

Payments Innovation
Trustly CRO Says Pay-by-Bank Solutions Benefit From Regulation and Shifting Consumer Preferences
August 29, 2024

Within an open banking environment, advances like pay by bank are transforming money movement. 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...

Retail
Report: Big Lots Seeking Investors and Considering Bankruptcy
August 28, 2024

Big Lots is reportedly considering bankruptcy amid continued declines in sales. 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...

Artificial Intelligence
Report: OpenAI Seeks to Raise ‘Several Billion Dollars’
August 28, 2024

OpenAI reportedly aims to raise “several billion dollars” in a funding round that would value at above $100 billion. 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...

Retail
Davidoff’s Digital Makeover Aims to Elevate the Luxury Cigar Brand’s Consumer Experience
August 28, 2024

Oettinger Davidoff AG, an independently owned, Swiss luxury goods company that specializes in tobacco products and accessories, recently updated its Davidoff of Geneva digital storefront to better showcase its commitment to quality and customer experience. Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
Report: Amazon and Bezos Expeditions to Back Robot-Maker Swiss-Mile
August 28, 2024

Swiss-Mile, which makes robots for logistics and other use cases, has raised $22 million in a seed funding round from investors that include Amazon Industrial Innovation Fund, Bezos Expeditions, HongShan, Armada Investment and Linear Capital. Get the Full Story Complete the form to unlock this article and...

Retail
Foot Locker’s Strategic Overhaul Shows Early Success in Q2
August 28, 2024

In a pivotal moment for Foot Locker, the company’s second-quarter results point to the early success of its ambitious Lace Up Plan, which comprises initiatives to enhance its digital business, store experience, loyalty programs and brand building. Get the Full Story Complete the form to...

Artificial Intelligence
Musk’s AI Safety Push Could Have Other Companies Following Suit
August 28, 2024

Elon Musk’s endorsement of a controversial California artificial intelligence (AI) safety bill signals the legislation’s far-reaching implications for the eCommerce sector, potentially forcing companies to overhaul their AI-driven customer service and sales algorithms. Get the Full Story Complete the form to unlock this article and...