Amazon Business has rolled out a pair of tools designed for procurement professionals. First up is Amazon Business Value Intelligence, which “quantifies cost savings, operational efficiency, and purchase compliance in a single, complete view,” Amazon said in a Tuesday (Oct. 27) news release. Each figure...
Demand for artificial intelligence infrastructure, business equipment and transportation equipment drove an increase in durable goods orders in September, according to data released Tuesday (Oct. 27) by the Census Bureau. New orders for nondefense capital goods, excluding aircraft, increased by 0.5% in September, according to...
Meta has turned to Nvidia for help in expanding its Muse family of AI models. The collaboration will focus on improving inference and training performance amid rising demand for “useful” AI agents, Nvidia said in a Monday (Oct. 26) news release. “AI agents represent a...
SoFi’s financial services business is gaining momentum even as interest rates move in a direction the company didn’t anticipate, according to the company’s third-quarter earnings call Tuesday (Oct. 27). The digital finance company added a record number of members and products in the third quarter,...
Major artificial intelligence (AI) developers would have to disclose whether and how extensively they use their own technology to develop new models under a policy proposal aimed at giving federal officials greater visibility into a potentially accelerating cycle of AI advancement. The framework from Americans...
PayPal is preparing for artificial intelligence-driven purchases while working to accelerate checkout growth. “If you think about consumer agents buying from merchant agents, both will have to validate that this is a real consumer who can pay and a real merchant that has the product,”...
Intuit introduced new and expanded financial intelligence tools designed for the nonprofit, manufacturing and construction sectors, the company said in a Tuesday (Oct. 27) press release. Intuit added these industry-specific, artificial intelligence-native capabilities to Intuit Enterprise Suite and QuickBooks Online Advanced, according to the release....
Hyphenate, a company that develops artificial intelligence agents for finance departments, raised $45 million in new funding, Bloomberg reported Tuesday (Oct. 27). The new financing will allow Hyphenate to deepen its footprint in accounting and strategic finance, according to the report. “Our proprietary reinforcement learning...
British regulators are reportedly reviewing Revolut’s process for approving new products. The Bank of England’s Prudential Regulation Authority (PRA) issued what is known as a section 166 earlier this year to investigate risks surrounding the speed of Revolut’s product launches, the Financial Times (FT) reported...