Microsoft is intensifying its competitive strategy against artificial intelligence startups OpenAI and Anthropic, Bloomberg News reported Wednesday (July 15). 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...
OpenAI’s first consumer hardware product is reportedly a portable smart speaker designed to move from room to room and function as a humanlike AI companion that lives in the home, Bloomberg reported Tuesday (July 14), citing people familiar with the matter. The device is still...
Artificial intelligence-focused issuer-processing platform Thredd joined the Visa Agentic Ready program, according to a Wednesday (July 15) 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 required. yesSubscribe...
Chinese artificial intelligence startup DeepSeek has reportedly built an annualized revenue base approaching $500 million, strengthening its plans to raise billions of dollars and pursue a public listing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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OpenAI’s first device will be a portable smart speaker that serves as an artificial intelligence companion, Bloomberg reported Tuesday (July 14), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Federal Reserve supervision should not hinder banks’ implementation of artificial intelligence (AI), because the technology can contribute to financial inclusion, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (July 14). Get the Full Story Complete the form to unlock this article and enjoy...
Labor accounts for 51.7% of hotel operating expenses and 32.4% of total revenue at U.S. hotels, according to CBRE Group’s “Trends in the Hotel Industry” report, which analyzed 2,456 properties using 2023 data. Hotels paid 11.9% more in total labor costs that year while operating...
New U.S. business applications hit 5.6 million in 2025 and have risen 24% since ChatGPT launched, Citadel Securities reported in a July research note, citing data from the U.S. Census Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
