Generative artificial intelligence is becoming a more useful tool for consumers not just because the technology is improving, but also because consumers are getting better at using it. The PYMNTS Intelligence report “From First Prompt to Daily Habit: The Data Behind Rising Gen AI Reliance,”...
Anthropic’s sales topped those of OpenAI for the first time in the second quarter, The Wall Street Journal reported Tuesday (Aug. 18), citing figures obtained from unnamed sources. OpenAI told investors that its revenue grew by 18% in the second quarter, compared to the first,...
The FBI plans to spend as much as $88 million on artificial infrastructure to expand its AI capacity, Fedscoop reported Tuesday (Aug. 18), citing procurement documents. The bureau is looking to procure servers, equipment and other hardware, and it is accepting proposals until next week,...
Spirit Airlines shut down in May, its second Chapter 11 bankruptcy in two years, leaving behind planes, airport slots and a loyalty program to be sold off piece by piece. Google wanted none of that. Instead, it paid $10 million at auction for something airlines...
American businesses are spending more on robots, and the companies building them are reaping the rewards. North American companies ordered 8,940 robots worth $622 million in the second quarter, up 4.3% in units and 21.3% in revenue from a year earlier, according to the Association...
Stablecoin payments infrastructure company Rain has formed a group to promote agentic commerce development. The Agentic Payments Alliance (APA) was announced Tuesday (Aug. 18), listing Visa, Mastercard, Fiserv, Circle, Solana and Remitly among its founding members. “No single company should get to decide how agents transact on someone’s behalf. That has to come from the platforms...
Watch more: Digital Shift With Malachyte’s Sidd Motwani Spotify solved a problem that most digital merchants still haven’t: how to understand who shows up to shop but prefers to do that without registering or checking in. For Spotify, an anonymous listener arrives with no profile,...
The top 1% of U.S. businesses spent a median of $7,400 per employee on artificial intelligence in July, while the top 10% spent roughly $650, according to the Ramp AI Index released Aug. 12. The median company spent just $11.95 per employee. That gap leaves...
Agentic artificial intelligence (AI) wallets may be capable of moving money, negotiating terms and entering transactions without human intervention, but under existing U.S. law they cannot be held legally responsible when those actions go wrong. That accountability gap is emerging as a central legal issue...