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...
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...
Backbase has introduced a tool that pairs banking teams with specialized artificial intelligence (AI) agents. The banking operating system provider’s Delivery Factory lets a bank’s delivery team work with AI agents “from the first agreed requirement to working code,” Backbase said in a news release provided to PYMNTS...
OpenAI is rolling out GPT-6.1 Terra, a new artificial intelligence (AI) model that costs half as much as two of its other models and is practical for automating high-volume work such as reading invoices and entering their information into accounting software, the company said in...
Wall Street’s next generation of artificial intelligence companies is taking shape around three businesses, including those that own financial data, those that turn it into research and analysis, and those that control the proprietary content investors rely on to make decisions. The emerging market includes...
Anthropic’s filed its paperwork to go public Monday (Oct. 26), becoming the first frontier artificial intelligence (AI) lab to seek a listing. Its prospectus disclosed $16.3 billion in revenue for the first six months of 2026 against $1.16 billion a year earlier. The company, which...