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Investments
Harvey Targets $15.5 Billion Valuation as Revenue Surges Past $350 Million
August 07, 2026

Legal artificial intelligence (AI) startup Harvey is in talks to raise $500 million at a $15.5 billion valuation, including the investment, The Information reported Friday (Aug. 7), citing an unnamed source. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
AI Is Bringing Retailers Their Best Customers but Not Closing the Sale
August 07, 2026

Retailers this quarter are reporting where artificial intelligence has actually changed how consumers shop, and where it has not. 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...

Retail
QVC Group Emerges From Bankruptcy With $600 Million Asset-Backed Facility
August 07, 2026

QVC Group, the live social shopping company whose brands include QVC and HSN, emerged from bankruptcy with its debt reduced by more than $5 billion, access to a new $600 million asset-based lending facility, and new leadership, the company said in a Thursday (Aug. 6)...

Artificial Intelligence
EU, California Converge on AI Transparency Rules, Shifting Focus to Enterprise Governance
August 07, 2026

A striking convergence is emerging between two of the world’s most influential artificial intelligence (AI) regulatory regimes. Although developed independently and under different legal frameworks, the European Union’s AI Act and California’s AI Transparency Act are arriving at a similar conclusion: organizations must move beyond...

Retail
Retailers Steer AI Traffic Back to Own Checkouts
August 07, 2026

Retailers are looking to market their products through artificial intelligence platforms while bringing the transactions and data that come with them to their own platforms, Reuters reported Friday (Aug. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Artificial Intelligence
PetSmart Used AI to Drive a 22% Lift in Salon Bookings
August 07, 2026

Even pets have stylists. At PetSmart, it’s a serious business. 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...

Investments
Live Commerce Platform Whatnot Raises $545 Million to Speed AI Expansion
August 07, 2026

Whatnot raised $545 million in a Series G funding round to grow its live commerce platform, the company said in a Friday (Aug. 7) press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
Financial Firms Put AI to Work Across 27 Tasks, Study Finds
August 07, 2026

Financial services firms are finding their strongest artificial intelligence results in the parts of the business customers rarely see. 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...

Artificial Intelligence
OpenAI Aims to Redefine Smart Speakers With First AI Device
August 06, 2026

OpenAI‘s upcoming portable smart speaker, the company’s first device, will be doughnut-shaped, the size of a hockey puck, will have moving parts and likely cost between $300 and $400, Bloomberg reported Thursday (Aug. 6), citing unnamed sources. Get the Full Story Complete the form to...