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Off-price retailer Ross Stores saw “robust” sales growth in the quarter ended Aug. 1 as both existing customers and new ones sought prices lower than those of mainstream retailers, CEO Jim Conroy said during a Thursday (Aug. 20) earnings call. Get the Full Story Complete...
Anthropic expects its initial public offering to reach a record high, equaling or surpassing the one set by SpaceX, Bloomberg reported Thursday (Aug. 20), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
For the first time in years, the U.S. bank branch count is moving up meaningfully, and some of the biggest banks are putting billions of dollars behind the physical network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Stripe is known for processing payments. Ramp is known for managing corporate expenses. But this week, the two companies made almost identical moves: building the layer that decides which artificial intelligence (AI) model gets used. Get the Full Story Complete the form to unlock this...
AT&T cut the costs of coding and some other advanced artificial intelligence tasks by as much as 56% by using tools that route employees’ queries to cheaper models when appropriate, The Information reported Thursday (Aug. 20). Get the Full Story Complete the form to unlock...
Airbnb is building artificial intelligence into nearly every step of a trip, not just the chatbot. The company’s AI customer-service assistant now resolves nearly 45% of user inquiries without a human agent, up from about a third at the end of last year, operating in...
Anthropic plans to modify the data retention policy it announced in June, Bloomberg reported Thursday (Aug. 20), citing an unnamed source. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Years of inflation, promotions, personalized discounts and constantly shifting online prices have made shoppers better at finding deals. They have also made it harder for shoppers to know what anything is supposed to truly cost, a fact that is being sharpened against a backdrop of...