Artificial Intelligence

PYMNTS covers artificial intelligence as it transforms payments, commerce and financial services, from generative AI and agentic commerce to fraud detection, underwriting and customer engagement. Our reporting pairs breaking news with proprietary data and expert analysis to examine how AI is reshaping business models, operational efficiency and competitive dynamics across the connected economy.
Artificial Intelligence
OpenAI Lands $520 Million Line of Credit From Bank of America
July 08, 2026

Bank of America has reportedly given OpenAI a $520 million line of credit ahead of its planned IPO. 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...

Artificial Intelligence
Mistral Introduces Robotics AI That Requires Only One Camera
July 08, 2026

Mistral introduced its first artificial intelligence model built for “embodied navigation,” or enabling robots to autonomously move through complex environments, according to a Tuesday (July 7) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
AI Agents Push CFOs to Rethink Business Payments
July 08, 2026

Artificial intelligence (AI) agents have arrived, but who is using them across commerce? The software-driven autonomous transaction solutions are adding a new layer to the payments stack, but the marketplace remains split as to whether the momentum will gather around retail or wholesale use cases....

Artificial Intelligence
Allianz Plans to Cut Over 1,500 Jobs as AI Focus Increases
July 08, 2026

Allianz is planning to cut hundreds of jobs as it focuses on implementing artificial intelligence, Bloomberg News reported Wednesday (July 8), citing comments from CEO Tomas Kunzmann. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
OpenAI Readies GPT-5.6 Launch as White House Lifts Restriction Request
July 08, 2026

OpenAI will publicly launch its GPT-5.6 Sol, Terra and Luna models Thursday (July 9) after initially limiting their release at the request of the U.S. government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
SpaceX Debuts Expanded Version of Grok AI Model
July 08, 2026

SpaceX has introduced a new AI model created in tandem with AI coding startup Cursor. 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,...

Artificial Intelligence
Banks Are Racing Into AI Faster Than Security Can Follow
July 07, 2026

The Model Context Protocol, or MCP, is an open standard introduced by Anthropic in late 2024 that lets artificial intelligence (AI) agents connect to business systems the way applications call application programming interfaces (APIs) using a common interface instead a custom-built connection for each tool,...

Artificial Intelligence
BlackRock Says Hyperscalers Need Private Credit to Fund AI Boom
July 07, 2026

Companies building artificial intelligence infrastructure will increasingly seek financing from private credit, Jean Boivin, head of the BlackRock Investment Institute, said Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Artificial Intelligence
Anthropic Launches Mobile Access for Claude Cowork
July 07, 2026

Anthropic has begun making its agentic experience, Claude Cowork, available on mobile and web in beta for members of its Max plan and expects to expand that access to other plans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...