News

IPO
Plaid Talks With Banks About Potential IPO
July 01, 2026

Plaid has held preliminary discussions with banks about a potential initial public offering, Bloomberg reported Wednesday (July 1), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Twelve Labs Raises $100 Million to Fund Bet on Video AI
July 01, 2026

Twelve Labs argues that AI is leaving a text-based era and pivoting to video. 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
Together AI Raises $800 Million to Scale Cheaper Open-Source Models
July 01, 2026

Together AI raised $800 million in a Series C funding round to expand its infrastructure layer that helps companies run open-source artificial intelligence (AI) models at scale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Courts Split on Whether AI Training Is Fair Use
July 01, 2026

The first wave of  artificial intelligence (AI) regulation focused on what goes into models. California’s Training Data Transparency Act, which went into effect Jan. 1, requires developers to disclose their training data, including sources, collection periods and whether data includes copyrighted or personal information. The...

Retail
Kroger Pays $1.65 Billion for Grocery Chain Giant Eagle
July 01, 2026

Kroger is set to acquire Pennsylvania-based grocery chain Giant Eagle for $1.65 billion. 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 completing this...

Artificial Intelligence
UN Warns That AI Safety Is Lagging Behind AI Progress
July 01, 2026

While artificial intelligence (AI)’s capabilities are expanding, a new United Nations (U.N.) report says its safety rules are lacking. 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...

Artificial Intelligence
Companies Begin to Rehire Following AI Job Cuts
July 01, 2026

Employers who once viewed artificial intelligence as a replacement for workers are rehiring employees, CNBC reported Wednesday (July 1). 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...

Investments
MGX Pursues AI Infrastructure Investments With $49 Billion Fund
July 01, 2026

MGX has raised $49 billion for its new MGX Fund I to make investments across the artificial intelligence technology stack. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
AI Effect Showing Up in US Employment Numbers
July 01, 2026

The impact of AI has reportedly begun to show up in U.S. government employment data. 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,...