News

Retail
Saks Shifts Focus to Luxury as Retailer Exits Bankruptcy
June 28, 2026

Saks Global is reportedly plotting a luxury-focused revival as it emerges from bankruptcy. 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
Apple Smart Glasses and Vision Pro Boss Leaving for OpenAI
June 28, 2026

Apple’s executive leading the tech giant’s smart glasses project is reportedly leaving for OpenAI. 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...

Artificial Intelligence
Wedbush Says Missing ROI Metrics Threaten Further Enterprise AI Deployment
June 26, 2026

Many enterprises have not developed a way to determine whether they have gained a good return on investment on the artificial intelligence (AI) tools they have deployed, Wedbush Securities analysts said, according to a Friday (June 26) report by Seeking Alpha. Get the Full Story Complete the...

Artificial Intelligence
BMW’s AI Runs 16 Billion Daily Requests and 600 Use Cases
June 26, 2026

Every time a BMW driver locks their car remotely, checks their battery level, receives a navigation update or gets a software fix pushed over the air, that counts as a request. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
Anthropic Accuses Alibaba of Running 29 Million Fake Queries to Clone Claude
June 26, 2026

Training a frontier artificial intelligence (AI) model costs billions of dollars and years of research. Reproducing much of its behavior can cost a fraction of that, if you have access to enough of its outputs. That gap is what makes model distillation, a technique that...

Artificial Intelligence
OpenAI Restricts Access to Latest AI Models at US Government Request
June 26, 2026

OpenAI said Friday (June 26) that it is limiting the release of its new GPT-5.6 series artificial intelligence (AI) models to a small group of trusted partners at the request of the U.S. government. Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
AI-Generated Fake Receipts Now Make Up 71% of Expense Fraud
June 26, 2026

Four in 10 U.S. employees have used artificial intelligence to generate a fake expense receipt, according to a survey released Tuesday (June 23) by expense management platform Emburse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Quantifind Secures $200 Million to Scale AI-Native Risk Intelligence Platform
June 26, 2026

Quantifind has secured a $200 million growth investment to accelerate the international expansion of its artificial intelligence (AI)-native risk intelligence platform for financial crime prevention. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Big Tech Is Rewriting Procurement. The Rest of B2B Is Next
June 26, 2026

Corporate procurement has long been measured by one simple question: Did you negotiate the lowest price? 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...