Enterprise artificial intelligence adoption is spreading, but the money is piling up fast among a small group of companies. New data from Ramp shows the top 1% of customers account for 80% of enterprise revenue at both OpenAI and Anthropic, a concentration that has held...
Anthropic is preparing to finalize an expansion of its revolving credit facility to $15 billion, up from the $2.5 billion facility it secured last year, Bloomberg reported Friday (Sept. 4), citing unnamed sources. Get the Full Story Complete the form to unlock this article and...
GE Appliances has deployed more than 800 artificial intelligence agents across its manufacturing, logistics and supply chain operations, using Google Cloud’s Gemini Enterprise, the company said in its announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
ACI Worldwide has agreed to acquire Cranium Ventures, a privately held developer of cloud-native card payment switching technology, as it seeks to expand its card-processing capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Thinking Machines Lab, the artificial intelligence startup led by former OpenAI Chief Technology Officer Mira Murati, is in talks to raise at least $1 billion at a valuation of at least $40 billion, The Information reported Thursday (Sept. 3). Get the Full Story Complete the...
Retailers are discovering that in a world of tariffs, supply chain uncertainty and cautious consumers, more choice can come with a surprisingly high price. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Embedded finance can bring banks deposits, fee income and assets generated through somebody else’s distribution. Earnings results showed banks don’t all want the same mix. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Anthropic, the artificial intelligence company behind Claude, launched a blueprint Wednesday (Sept. 2) that hands retailers prebuilt code for two commerce agent, the company said in its announcement. A shopping agent searches a catalog, compares products and builds a cart for the customer. A merchant...
Diameter Pay has reportedly raised $10 million in a Series A funding round as the stablecoin payments infrastructure provider looks to expand its banking, payments and digital asset capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...