News

Retail
Richemont Aims to Avoid Price Backlash Seen in Luxury Sector
May 16, 2025

Luxury group Richemont will reportedly continue to limit its price increases, even in the face of new U.S. tariffs. 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...

Artificial Intelligence
This Week in AI: CPOs Say AI Still Needs a Human Touch
May 16, 2025

This week in artificial intelligence, chief product officers said AI needs human oversight, even for routine, automated tasks like fraud detection. Meanwhile, AI was partly responsible for a 40% reduction in staff at Klarna, Perplexity added PayPal in checkout, and more. Get the Full Story...

Fintech Investments
FinTech IPO Index Gains 4.4% as Toast and dLocal Get a Boost on Earnings
May 16, 2025

Moving into mid-May, the FinTech IPO Index’s 4.4% increase was powered by a string of earnings reports, with digital payments growth seen across Latin America and swelling transaction volumes for buy now, pay later providers and B2B platforms. Get the Full Story Complete the form...

Artificial Intelligence
Report: Meta Delays Rollout of Behemoth AI Model Amid Performance Concerns
May 15, 2025

Meta reportedly delayed the rollout of its flagship artificial intelligence model called Behemoth. 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....

Retail
Wayfair to Open Third Large-Format Physical Retail Location in 2027
May 15, 2025

A year after opening its first large-format physical retail location, Wayfair said it plans to open its third such store in early 2027. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Retail Sales Muted in April as Front-Loading Fatigue Sets In
May 15, 2025

Consumer spending, the key engine of the economy in the United States, is in danger of stalling. 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...

Artificial Intelligence
OpenAI Gaining Market Share in AI Tools, With Google a Far Second
May 15, 2025

OpenAI’s artificial intelligence (AI) tools showed a surge in website traffic in the past two months, with Google a distant second and DeepSeek catching up quickly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
This Week’s B2B Innovation: AI Procurement, Digital Payments and Ongoing Pressures
May 15, 2025

The B2B space is defined by its workflows and data, both of which can end up mired in complexity. 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...

Investments
Granola Raises $43 Million for AI That Generates Searchable Meeting Transcripts
May 15, 2025

Granola said Wednesday (May 14) that it raised $43 million in a Series B funding round and introduced the new version of its artificial intelligence notepad, Granola 2.0, which writes meeting notes and enables users to search through and chat with those transcripts. Get the...