The oldest tension in B2B payments is becoming one of its newest business models. A dollar cannot simultaneously stay longer on the buyer’s balance sheet and arrive earlier on the supplier’s balance sheet unless somebody finances the interval. And while the modernization of B2B payments is...
Data and artificial intelligence (AI) company Databricks has acquired spreadsheet builder Row Zero, Databricks said in a Thursday (Sept. 24) press release. Row Zero’s spreadsheet is built to allow humans and agents to work together with data, and the acquisition will add the product’s capabilities to Databricks’ AI coworker, Genie, according...
A customer seeking help with a malfunctioning laptop might call Best Buy, explain the problem, get sent to a second department and explain it again. If the fix needs a repair, a third agent asks for the same details. Every handoff costs the customer time...
Anthropic, Google and OpenAI aim to launch a standards body focused on artificial intelligence (AI) by the end of this year or early next year, The Information reported Thursday (Sept. 24), citing unnamed sources. The three AI companies are working to create an organization in which builders of...
A group of artificial intelligence developers is working toward an industry safety standards body just as world leaders press for international supervision of the most powerful models. The parallel efforts agree on the need for common tests and independent scrutiny. They diverge on who should...
DeepSeek more than doubled its annualized revenue run rate over the past few months, bringing the rate to $1 billion, The Information reported Wednesday (Sept. 23), citing unnamed sources. The figure was shared with investors by DeepSeek CEO Liang Wenfeng, according to the report. Wenfeng...
OpenAI has hired the people who built the largest membership business in the creator economy. Patreon Co-Founder Sam Yam is joining to lead a new division called Creator Product, The Information reported. He is bringing Drew Rowny, Patreon’s former head of product, and Shannon Ma,...
Amazon is making fast, free Prime delivery available beyond Amazon.com, giving merchants another way to use the company’s logistics network to compete for online shoppers, according to a Thursday (Sept. 24) press release. Amazon Supply Chain Services (ASCS) merchants using its Multichannel Fulfillment (MCF) service...
Bank of America plans to hire 1,000 additional apprentices over the next two years, together with the more than 800 it already hires each year, the bank said in a Thursday (Sept. 24) press release. The bank will also invest $150 million in workforce development...