News

Artificial Intelligence
Meta’s $35 Billion Bet on AI Fuels the Tech Arms Race
April 26, 2024

Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
April 26, 2024

This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation, and Walmart is updating its distribution centers by introducing autonomous electric forklifts, marking a significant...

Retail
Amazon Announces Prime Day’s Return as Shoppers Flock to Seasonal Deals
April 26, 2024

With consumer spending increasingly motivated by deals and seasonality, Amazon is gearing up for its tenth-ever Prime Day savings event, as Doug Herrington, CEO of Worldwide Amazon Stores, announced via LinkedIn Friday (April 26). Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
Elon Musk’s xAI Close to Raising $6 Billion
April 26, 2024

Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. 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...

Fintech Investments
FinTech IPO Index Adds 3% as Oportun Soars on Preliminary Quarterly Results
April 26, 2024

For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
The Future of AI? RAG Combines Language and Search
April 25, 2024

As experts hint at the nearing technical limits of large language models (LLMs), the spotlight turns to retrieval-augmented generation (RAG) — a promising advancement that could redefine artificial intelligence (AI) by merging information retrieval with natural language generation. Get the Full Story Complete the form...

Retail
Consumers Are Springing for Nice Beers, but Not Premium Liquor
April 25, 2024

Trying to balance inflationary pressures and the need to allow themselves at least some indulgences, shoppers are trading up on beer but not springing for premium wine and spirits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Point of Sale
GoDaddy Debuts Pocket-Sized POS for Small Businesses
April 25, 2024

Web provider GoDaddy has introduced a smaller point-of-sale (POS) tool for small businesses. 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...

Retail
Consumers Want to Personalize Shopping With Extended Reality
April 25, 2024

As consumers demand more immersive, captivating eCommerce journeys, many are increasingly interested in adopting extended reality — augmented reality (AR) and virtual reality (VR) — to improve their shopping experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...