News

Investments
Higgsfield Raises $400 Million for AI Video Platform
August 17, 2026

AI video generation platform Higgsfield is now a $5.4 billion company. 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 form,...

Artificial Intelligence
Legal Departments Move From Testing AI to Governing It
August 17, 2026

For decades, the legal department was one of the last enterprise functions to adopt new technology at scale. The work was too nuanced, the stakes too high, and the profession too cautious. Generative AI changed the pace of experimentation. Agentic AI is changing the pace...

Retail
Retail Earnings Will Show What Stretched Consumers Protect
August 17, 2026

America’s biggest retailers are about to turn a weak government sales report into a six-company test of consumer endurance. 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
Anthropic CEO Says He’s Not an AI Pessimist
August 16, 2026

Anthropic CEO Dario Amodei is disputing arguments he’s overly pessimistic about artificial intelligence’s impact. 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...

Artificial Intelligence
Goldman Sachs Says AI Spending Not Boosting Corporate Earnings
August 16, 2026

A jump in corporate artificial intelligence spending has not translated into a corresponding boost in earnings. 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
Alibaba Overtakes Google and Meta With 3 Billion AI Model Downloads
August 16, 2026

Open-weight models from China’s Alibaba have reportedly become the world’s top artificial intelligence offerings. 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...

Artificial Intelligence
Anthropic Touts 14-Fold Jump in Revenue for Would-Be Investors
August 16, 2026

Anthropic has reportedly shared a substantial jump in quarterly revenue with would-be investors. 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....

Banking
Italy’s Cheese Bank Finds Climate Risk Has a Rind
August 15, 2026

On Wall Street, “cheese” is slang for money. In Italy, they decided the metaphor needed collateral. 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
Nvidia Uses $500 Billion Financing Initiative to Dispel AI Bubble Fears
August 14, 2026

Nvidia’s $500 billion artificial intelligence financing initiative that was announced Monday (Aug. 10) aims to assure the company’s investors that there is plenty of financing available to the AI startups and other companies that buy or use the firm’s chips, Bloomberg reported Friday (Aug. 14)....