OpenAI’s models now reach more than 1 billion active users and more than 2 million businesses, OpenAI Chief Financial Officer Sarah Friar said in a Friday (July 31) blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Federal Reserve is seeking comment on a proposal that it said would modernize rules for mutual banking organizations and increase their flexibility to raise capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Lineage Bank, which was a partner bank for Synapse, the banking-as-a-service (BaaS) provider that went bankrupt in 2024, has reached a consent order with the Federal Deposit Insurance Corporation (FDIC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Screenless devices seem to be the next frontier in artificial intelligence (AI) hardware. There have been rumors that OpenAI’s first device might be a screenless speaker, but nothing concrete has come out. Bloomberg reported in July that the device OpenAI is developing with Jony Ive’s...
Real-value testing (RVT) of tokenization of wholesale cross-border payments demonstrated an average time from payment initiation to settlement of about 80 seconds, according to a report by the Bank for International Settlements (BIS). Get the Full Story Complete the form to unlock this article and...
Consumers are tired of scrolling past content they suspect was never written by a person, and on LinkedIn, that suspicion is often correct. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The era of “tokenmaxxing,” pushing employees toward the biggest artificial intelligence (AI) models and the heaviest usage as if consumption itself were a sign of progress, is ending after two years of unchecked growth. Get the Full Story Complete the form to unlock this article and...
Chime Financial plans to lay off about 150 people, or 10% of its workforce, Bloomberg reported Friday (July 31), citing a memo to employees from Chime CEO and Co-Founder Chris Britt. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Amazon completed a $50 billion investment in OpenAI that the two companies announced in February. 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,...
