News

Investments
Cohere ‘Not Chasing AGI’ as AI Startup’s Value Hits $5 Billion
July 22, 2024

AI startup Cohere has been valued at $5.5 billion following a new funding round. 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
AI Explained: Reinforcement Learning and How It Shapes Commerce
July 22, 2024

At a bustling Amazon warehouse, robots weave through aisles, selecting items for shipment with increasing speed and accuracy. 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...

Retail
Retailers Woo Paycheck-to-Paycheck Parents With Back-to-School Deals
July 22, 2024

As budget-strapped consumers seek deals to help alleviate the financial burden of their back-to-school shopping, brands are rolling out lower-priced and/or discounted goods to win over these customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cross-border Payments
TerraPay: Scaling Cross-Border Payments Means Reducing How Much They Cost
July 22, 2024

Innovation within payments and commerce is increasingly centered on fostering global financial interoperability and inclusion. 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,...

Retail
Fast Food Brands Struggle as Consumer Sentiment Sours
July 21, 2024

Restaurant stocks have been struggling this summer, though it’s not quite clear why. 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....

Banking
OCC: Banks Unprepared for Cyberattacks and Other Risks
July 21, 2024

A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. 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...

IPO
Payments FinTech Ebury Reportedly Planning UK IPO
July 21, 2024

Santander-owned payments FinTech Ebury is reportedly planning to go public in the U.K. 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
AI Lets People Chat With ‘Clones’ of Departed Loved Ones
July 21, 2024

An artificial intelligence (AI) that lets you communicate with a digital version of a deceased loved 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...

Retail
Luxury Brands Slash Prices to Entice Middle-Income Buyers
July 21, 2024

Luxury brands have begun lowering their prices to win back middle-income shoppers. 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...