In 1865, English economist William Stanley Jevons observed that improving the efficiency of steam engines increased Britain’s coal consumption instead of reducing it. More efficient engines made coal-powered production cheaper, so more industries adopted it and expanded operations. Over 160 years later, Jevons’ observation, now...
Amazon Business now offers Prime Business customers in Spain some new artificial intelligence-powered features, according to a Monday (July 13) press release translated by Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Small businesses do not need another financial dashboard. They need someone to notice that cash is running low before payroll is due, that a customer is paying later than usual or that too much money is sitting idle in the wrong account. Get the Full...
America’s banking giants are reportedly increasing their use of digital assistants to increase their productivity. 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,...
This week in the Prompt Economy, the spotlight is on how AI is reshaping local and federal government. One of the most dramatic examples surfaced this week in the U.S. heartland. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Payments are now part of the customer experience layer, the uptime layer and the revenue operations layer. That means they can no longer be managed only as finance infrastructure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Last week, Apple sued OpenAI, accusing the artificial intelligence startup of stealing trade secrets. 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...
OpenAI’s safety head is reportedly leaving the company amid a larger leadership shakeup. 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....
Mortgage underwriting runs on documents. Payslips, bank statements and tax returns are the evidence that lenders verify before approving a loan. Generative artificial intelligence can now produce all three in formats that pass standard checks. Get the Full Story Complete the form to unlock this...
