By Travis LeBlanc, Jonas Koponen, Anna Caro and Mari Dugas The meteoric rise of AI in the public’s consciousness and the launch of several innovative services, including Open AI’s ChatGPT-4 and Stability AI’s Stable Diffusion, has brought with it a fierce debate on how, if...
The private market industry has maybe 11,000 players, Partners Group CEO David Layton says. Over the next decade, that number could fall to under 100. In an interview with the Financial Times (FT) Sunday (Sept. 17), Layton predicted a “new phase of maturation and consolidation” due to rising interest rates,...
American retailers are set to hire the lowest level of seasonal holiday workers in 15 years. That’s according to an article Friday (Sept. 15) by Reuters, citing a report by employment service Challenger, Gray & Christmas (CGC) provided exclusively to the news outlet. The report shows stores planning...
Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday (Sept. 15), citing sources familiar with the matter. Those potential buyers include SkyBridge Capital, and Atlas Merchant Capital — both working together...
TikTok is reportedly preparing to roll out heavy holiday discounts starting next month. A report Saturday (Sept. 16) by Bloomberg News, citing internal documents, said the social media app is hoping these bargains can attract consumers to its newly launched marketplace as it aims to compete with...
Bank of America is seeing more of its customers falling behind on their credit card payments. Both the net charge-off rate and the delinquency rate of the bank’s BA Master Credit Card Trust II increased in August, though they remain below where they were in the...
Visa and NEOPAY, the payment subsidiary of Mashreq, have joined forces to introduce an installment payment solution to the United Arab Emirates (UAE). The partnership aims to provide consumers with greater flexibility and convenience when making purchases, the companies said in a Thursday (Sept. 14) press release. The...
Denmark-based venture capital (VC) manager Dreamcraft Ventures has reached its target of 55 million euros ($58.7 million) for its Fund II. Fund II has made six investments in the last nine months, the firm said in a Wednesday (Sept. 13) post on LinkedIn. The VC manager invests...
As grocers look to boost loyalty and drive adoption, card-linked offers can help them reach half of all shoppers. By the Numbers For the new report “Leveraging Item-Level Receipt Data: How Card-Linked Offers Drive Customer Loyalty,” PYMNTS Intelligence surveyed more than 2,000 U.S. consumers in...
