The era of “tokenmaxxing,” pushing employees toward the biggest artificial intelligence (AI) models and the heaviest usage as if consumption itself were a sign of progress, is ending after two years of unchecked growth. Get the Full Story Complete the form to unlock this article and...
Chime Financial plans to lay off about 150 people, or 10% of its workforce, Bloomberg reported Friday (July 31), citing a memo to employees from Chime CEO and Co-Founder Chris Britt. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Amazon completed a $50 billion investment in OpenAI that the two companies announced in February. 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,...
For years, the elevator pitch for B2B payments modernization was speed. Faster approvals. Faster settlement. Faster reconciliation. Faster access to working capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A bipartisan group of senators is advancing legislation that would require the federal government to collect more detailed information about how artificial intelligence is changing the workplace. The bill’s sponsors argue that policymakers need better data to prepare workers for an AI-driven economy rather than...
For most of modern banking, credit and commerce have occupied separate systems. 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...
OpenAI has cut the price of GPT-5.6 Luna by 80%, cut the price of GPT-5.6 Terra by 20% and provided faster performance of GPT-5.6 Sol in the API while leaving its price unchanged, effective Thursday (July 30). Get the Full Story Complete the form to...
The Office of the Comptroller of the Currency (OCC) has issued a revised compliance guide for the community bank leverage ratio (CBLR) framework. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
American Express Global Business Travel (Amex GBT) has launched an agentic integration in Anthropic’s artificial intelligence assistant, Claude, that enables both travelers and enterprise AI agents to book and manage policy-compliant air and hotel transactions within the tool. Get the Full Story Complete the form...
