News

Artificial Intelligence
Meet the Titans: Major Players Funding the Future of AI
March 21, 2024

Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The country is one of many global giants in the race to shape the future of...

Banking
FDIC Proposes Revisions to Statement of Policy on Bank Mergers
March 21, 2024

The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Pandion Raises $41.5 Million to Expand Residential Parcel Delivery Network
March 21, 2024

Pandion has raised $41.5 million in a Series B funding round to expand its residential parcel delivery network designed for eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Delivery
DoorDash, Alphabet-Owned Wing and Wendy’s Launch Drone Delivery in Virginia
March 21, 2024

DoorDash and Alphabet-owned Wing have brought their drone delivery pilot program to the United States. 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,...

Cross-border Payments
Can Payments Innovations Solve U.S. Merchants’ Top 5 Cross-Border Challenges?
March 21, 2024

With Wednesday’s (March 20) announcement about Visa’s expanded partnership with LemFi, the focus is on cross-border payments. The cross-border payments landscape itself is a dynamic and fragmented one, full of unique local frictions that present a number of obstacles to foreign businesses looking to capture market share outside of...

Retail
Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
March 21, 2024

As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below the latest to pull back on the technology. Get the Full Story Complete the form to unlock this article and...

Artificial Intelligence
Nvidia Unveils AI-Powered Humanoid Robot Project
March 21, 2024

Nvidia is entering the humanoid robotics field with its new foundation model, Project GR00T. 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
Cohere Targets $5 Billion Valuation for ChatGPT Rival
March 21, 2024

Canadian artificial intelligence (AI) startup Cohere is reportedly in advanced discussions to raise $500 million. 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....

Wearables
Wearables Spark Contactless Payment Evolution Amid Ongoing Apple EU Antitrust Case
March 21, 2024

In an age where technology continues to evolve at an exponential pace, the integration of smart devices into consumers’ daily routines has become increasingly prevalent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...