A digital turf war is erupting between Amazon and Perplexity AI, marking the first major legal test over whether an autonomous artificial intelligence agent has the right to act as a shopper on an eCommerce platform. Get the Full Story Complete the form to unlock...
OpenAI Chief Financial Officer Sarah Friar said Wednesday (Nov. 5) that the company is working on a multimodal device and that the firm wants a federal guarantee that would lower the cost of financing investments in artificial intelligence chips. Get the Full Story Complete the...
Amazon has reportedly raised prices more than Target and Walmart this year, possibly due to the impact of tariffs on the platform’s marketplace sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A bill that is set to be introduced in the Senate would require major companies and federal agencies to report artificial intelligence-related layoffs, hires, job displacements, retraining and other job effects to the Department of Labor (DOL). Get the Full Story Complete the form to...
The technology landscape for banks is shifting fast, and Bank of America CEO Brian Moynihan said the firm’s response is to build for both scale and intelligence. Speaking at the bank’s investor day on Nov. 5, he said decades of steady digital investment have created...
Cybersecurity firm Armis raised $435 million in a pre-initial public offering funding round that valued the company at $6.1 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....
OpenAI said it now has more than 1 million business customers around the world. 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...
Billd raised $7.3 million in strategic funding to accelerate the addition of more capital solutions to its financial solutions for commercial subcontractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
For years, progress in artificial intelligence was defined by scale and model size. Companies poured billions into training massive systems with ever-growing data sets, assuming that bigger meant better. That assumption is beginning to change. The next phase of AI is about efficiency, building models...
