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Artificial Intelligence
SMBs Swap Pricey SaaS Contracts for AI-Built Apps
July 08, 2026

For two decades, buying enterprise software meant accepting a vendor’s feature set, paying per seat and hiring specialists to manage the platform. For small businesses, that model often meant paying for capabilities they never used. AI coding tools are changing that calculation. Get the Full...

Artificial Intelligence
Illinois Governor Signs AI Safety Regulation Requiring Yearly LLM Audits
July 08, 2026

Illinois just told the biggest names in artificial intelligence (AI) that the rules are changing. 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,...

Artificial Intelligence
State Farm’s AI Overhaul Gets Low Marks From Customers
July 08, 2026

State Farm customers and agents are reportedly unhappy with the insurer’s AI facelift. 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...

IPO
SEC Seeks Ways for More Companies to Go Public
July 08, 2026

Federal securities regulators are exploring ways to encourage more companies to go public. 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....

Artificial Intelligence
Nobody Licensed AI to Give Financial Advice
July 08, 2026

Financial regulation was built around a specific relationship: a licensed adviser who owes the client a duty of care, carries professional indemnity insurance and answers to a regulator if something goes wrong. General-purpose artificial intelligence (AI) models carry none of those obligations. They are not...

Artificial Intelligence
OpenAI Lands $520 Million Line of Credit From Bank of America
July 08, 2026

Bank of America has reportedly given OpenAI a $520 million line of credit ahead of its planned IPO. 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
Mistral Introduces Robotics AI That Requires Only One Camera
July 08, 2026

Mistral introduced its first artificial intelligence model built for “embodied navigation,” or enabling robots to autonomously move through complex environments, according to a Tuesday (July 7) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Paradigm Raises $1.2 Billion in Shift From Crypto to AI
July 08, 2026

Cryptocurrency-focused venture capital firm Paradigm raised $1.2 billion in a new fund to invest in spaces like artificial intelligence and robotics, Bloomberg News reported Wednesday (July 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
AI Agents Push CFOs to Rethink Business Payments
July 08, 2026

Artificial intelligence (AI) agents have arrived, but who is using them across commerce? The software-driven autonomous transaction solutions are adding a new layer to the payments stack, but the marketplace remains split as to whether the momentum will gather around retail or wholesale use cases....