Fortunes are being spent in artificial intelligence (AI), with Perplexity, Thinking Machines and Anthropic attracting billions from investors. Meanwhile, Google, Meta and Blackstone have pledged to spend billions building AI data centers. Here is this week’s top news. Get the Full Story Complete the form...
Meta will not sign the European Commission’s code of practice for general-purpose AI models, Chief Global Affairs Officer Joel Kaplan said in a Friday (July 18) post on LinkedIn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
OpenAI is rolling out a major update that transforms ChatGPT from a conversational AI tool into a fully agentic system, capable of executing complex tasks using its own virtual computer and a suite of built-in tools. Get the Full Story Complete the form to unlock...
Perplexity AI, the generative AI search startup, has secured $100 million in new capital, boosting its valuation to $18 billion, Bloomberg reported. The deal extends a recent funding round that had previously valued the company at $14 billion and highlights the continued enthusiasm among investors for...
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Is it a legit run? A passing fad? A meme stock? Opendoor Technologies roared back onto Wall Street’s radar and easily topped the positive movers on the Fintech IPO Index this week. Overall, the index was up 2.51% for the week and is outpacing June...
The promise of frictionless retail through self-checkout once faltered, but a new wave of smart, unattended solutions is now poised to redefine consumer commerce and address long-standing industry challenges, according to a recent PYMNTS report. Get the Full Story Complete the form to unlock this...
The Federal Reserve is not only studying how artificial intelligence (AI) is affecting the economy but also deploying the technology to help with its own work, Fed Governor Lisa D. Cook said Thursday (July 17). Get the Full Story Complete the form to unlock this...
The Bank of England reportedly asked some banks to assess their dependence on U.S. dollars and test whether they could handle a U.S. dollar shock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
