News

Artificial Intelligence
Apple’s AI Rollout Will Likely Stretch Into Next Year
June 16, 2024

Apple’s artificial intelligence (AI) rollout will reportedly be a long, slow one. 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
Report: OpenAI Could Become a For-Profit Business
June 16, 2024

OpenAI’s days as a nonprofit company could be numbered. 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,...

Retail
Retailers Embrace ‘Dadcore’ Stereotypes to Combat Father’s Day Spending Pullback
June 15, 2024

As Father’s Day approaches, retailers are seizing on different paternal stereotypes to drive engagement and sales, from dad jokes to “dadcore” style to that tangle of unidentified, no-longer useful cables that so many dads seem to be unwilling to part with. Get the Full Story...

Retail
Walmart Joins Retailers Tailoring Private-Label Offerings to Gen Z
June 14, 2024

As Gen Z shows an inclination for shopping from retailers’ own brands, major players are tailoring their private-label offerings to these young consumers’ desires and preferences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
This Week in AI: Why the Big Fuss Over Luma?
June 14, 2024

This week in artificial intelligence news, AI is changing shopping experiences and generating video content across various sectors. This week’s developments showcase the technology’s potential, with Apple, Luma AI and Intuit unveiling AI-powered solutions. However, as the AI landscape evolves rapidly, regulators are faced with the...

Cross-border Payments
Ethiopia Considers Allowing Foreigners to Buy Stakes in Domestic Banks
June 14, 2024

After 30 years of barring foreigners from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Microsoft Pauses Its Launch of AI-Powered Recall Program
June 14, 2024

Tech giant Microsoft has decided to delay the rollout of “Recall,” its artificial intelligence (AI)-powered feature designed to track and store users’ computer activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Nvidia Unveils Open Model That Creates LLM Training Data
June 14, 2024

As concerns grow that large language models (LLMs) are running out of high-quality training data, Nvidia has released Nemotron-4 340B, a family of open models designed to generate synthetic data for training LLMs across various industries. Get the Full Story Complete the form to unlock...

Investments
Canary Raises $50 Million to Deploy AI for Hospitality Industry
June 14, 2024

Canary Technologies raised $50 million in a Series C funding round to support its deployment of artificial intelligence for the hospitality industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...