While spending on artificial intelligence infrastructure is expected to drive a 14.2% increase in global IT spending this year, not all enterprises are raising their spending that much, the Wall Street Journal reported Friday (Aug. 28), citing a forecast by Gartner. Get the Full Story...
Cash has not disappeared the way many predicted. 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 this form, you...
Andreessen Horowitz has raised $1.1 billion for a new fund that aims to accelerate the buildout of artificial intelligence infrastructure by investing in founders who are “reinventing AI hardware,” the venture capital firm said in a Friday (Aug. 28) blog post. Get the Full Story...
USD.AI has secured a $100 million stablecoin-based debt facility from digital asset platform Bullish to power its GPU financing ecosystem, USD.AI said in a Friday (Aug. 28) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The place people start looking for a credit card, an insurance quote or a loan is changing, and it’s no longer a bank’s own website. Experian, Synchrony and Klarna are all betting that discovery is shifting into artificial intelligence (AI) conversations they don’t control. Rather...
Microsoft is finding an early business case for artificial intelligence agents in a decidedly unglamorous corner of the enterprise: freight routes, spare parts and demand forecasts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
SoftBank Group is seeking a $10 billion loan to help refinance debt used for its investment in OpenAI, Bloomberg reported Friday (Aug. 28), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The blockbuster PayPal buyout could be off. Advent International and Stripe have reportedly walked away from their pursuit of the payments pioneer, ending months of speculation over a deal that would have ranked among the largest leveraged buyouts ever. PayPal shares tumbled as much as...
Watch more: What’s Next in Payments With Billtrust’s Grant Halloran 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 this...
