OpenAI is reportedly set to introduce updates next month aimed at making its artificial intelligence (AI) models more affordable and efficient for developers. The company’s goal is to address the concern of high costs associated with the models and attract more companies to use the...
Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. This platform aims to offer companies a scalable and flexible token solution to enhance the security and efficiency of their payment processes, the company said in a Thursday (Oct. 12) press release....
Artificial intelligence (AI) has captured the imagination of some of the world’s largest companies. It has also captured a sizable portion of their spending — without giving much back. Big Tech companies, including Microsoft, Google and others, are struggling to profitably monetize their generative AI...
We’ve probably all observed the trend in minimalism. One component of the trend focuses on only acquiring essential items. While the minimalist aesthetic has gained significant attention on social media, its polar opposite has also gained traction, albeit in a more subtle manner. The trend,...
Flexible spending accounts (FSAs). Chances are, if you have one, it’s probably underused. While many people associate FSAs with medical and dental costs, many are unaware of the hidden wealth of wellness-related costs that can be covered. And this unexplored opportunity is opening up a...
The nail salon industry, for the most part, has remained relatively stagnant over the years. When you decide to get your nails done, you’re often faced with a binary choice: either visit a quaint mom-and-pop shop or indulge in a high-end spa. While the results...
For corporate treasurers, there’s the planning — and then there are the curveballs, the unexpected events that put liquidity and cash flow management to extreme tests. Vicky Albovias, head of Corporate Treasury Consulting at J.P. Morgan Commercial Bank, told Karen Webster the banking crises that...
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America are expected to report a combined $5.3 billion in net...
Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street. The transaction is expected to be completed in the first quarter of 2024, subject to standard closing conditions, the global...
