News

Fintech Investments
BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
May 24, 2024

The FinTech IPO Index lost 2.6% as earnings trickled in. 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
Big Tech Companies Invest Billions in AI Infrastructure Abroad
May 23, 2024

Big Tech companies have reportedly been increasing their investments in artificial intelligence (AI) infrastructure, with a particular focus on expanding their presence in international markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
New Backing Helps Elon Musk’s xAI Raise Nearly $6 Billion
May 23, 2024

Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion 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...

Retail
Ross Stores COO: Shoppers’ Cost-Cutting Behaviors Fuel Off-Priced Retail Growth
May 23, 2024

With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Tech Giants Aim to License Hollywood Content for AI Models
May 23, 2024

Alphabet, Meta Platforms and OpenAI are reportedly in talks with Hollywood studios to license content for their artificial intelligence video generation software. 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...

Retail
Automakers Offer Discounts as Inventories Rise to Pre-Pandemic Levels
May 23, 2024

The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
AI Moneymakers: Zoom, Nvidia and Vertiv Cash in On AI-Driven Digital Transformation
May 23, 2024

In the rapidly evolving landscape of artificial intelligence (AI) and digital transformation, two unlikely companies — Zoom and Vertiv — have emerged as trailblazers, defying expectations and showcasing the far-reaching impact of cutting-edge technologies across diverse sectors. Get the Full Story Complete the form to unlock this article and...

Artificial Intelligence
OpenAI’s News Corp Partnership May Hint at Super-App Ambitions
May 23, 2024

In a move that could have far-reaching implications for the future of news and information, artificial intelligence (AI) company OpenAI and media giant News Corp announced a multi-year global partnership on Wednesday (May 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
JPMorgan Reportedly Looking to Expand Private Credit Business
May 23, 2024

JPMorgan Chase is reportedly moving deeper into the uber-popular world of private credit. 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...