OpenAI is reportedly cancelling the release of its next AI model due to safety concerns. That’s according to a report Monday (Sept. 28) by the Wall Street Journal (WSJ), which calls this one of the clearest indicators to date that agentic AI troubles could slow...
Anthropic’s IPO prospectus shows the company wagering that AI will have a larger impact on the world than electricity. That’s according to a report Monday (Sept. 28) from Reuters, which had gotten a look at the artificial intelligence (AI) startup’s initial public offering (IPO) plans....
Watch more: What’s Next in Payments With Tungsten Automation’s Andrew Ng The problem with fragmented payments infrastructure is usually described as technical debt. For today’s chief financial officers, it is becoming one of financial duplication. Separate payment systems tend to accumulate separate controls, approval processes,...
Artificial intelligence has reached nearly every part of the large companies surveyed by PYMNTS Intelligence, but its place in the daily workflow varies from one business function to another. The September report “AI at Work: Why Deeper Enterprise Use Produces Stronger Returns” found that the...
Florida Attorney General James Uthmeier asked a court Monday (Sept. 28) to stop OpenAI from developing new models until independent safety guardrails are in place. Uthmeier filed a motion asking a court for a temporary injunction against OpenAI and its CEO, Sam Altman, the Office...
Shopify now enables browser agents to check out on the websites of all its eligible merchants, Gil Greenberg, staff product manager, checkout at Shopify, wrote in a Monday (Sept. 28) article on LinkedIn. Shopify already enabled agents to search products, browse collections and add items...
When regulators closed Nano Banc on Friday (Sept. 25), among the details in the Federal Deposit Insurance Corp.’s announcement that stood out: Nano had a sole branch. The Irvine, California, commercial bank had reported $686 million in deposits and $736 million in assets as of...
Modulate has raised $25 million to continue developing its “audio-native” AI models. The new funding, announced Monday (Sept. 28), comes as the company is seeing its artificial intelligence (AI) models increasingly used in areas like fraud prevention, voice AI agent supervision, trust and safety, and customer experience....
Valley Bank is set to acquire Bluevine, a digital banking platform for small businesses. The $340 million deal is designed to help Valley with its efforts to strengthen its funding base, expand its small business franchise, and accelerate its digital and artificial intelligence (AI) strategy,...