News

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....

Artificial Intelligence
Allianz Plans to Cut Over 1,500 Jobs as AI Focus Increases
July 08, 2026

Allianz is planning to cut hundreds of jobs as it focuses on implementing artificial intelligence, Bloomberg News reported Wednesday (July 8), citing comments from CEO Tomas Kunzmann. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Self-Checkout Rules Could Reshape Store Tech Spending
July 08, 2026

Retailers have treated self-checkout as an operational decision shaped by labor costs, consumer preferences and technology. Rhode Island may be setting a precedent and changing those calculations by making parts of the checkout experience a matter of state law. Get the Full Story Complete the...

Banking
JPMorganChase Investment Banking Targets Smaller Clients
July 08, 2026

JPMorganChase is focusing on smaller companies as it expands its investment banking operations. 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
OpenAI Readies GPT-5.6 Launch as White House Lifts Restriction Request
July 08, 2026

OpenAI will publicly launch its GPT-5.6 Sol, Terra and Luna models Thursday (July 9) after initially limiting their release at the request of the U.S. government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
U.S. Bank Debuts Tool for Faster Small Business Money Movement
July 08, 2026

U.S. Bank has introduced a tool to help small businesses move money faster. 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...