Banks are reportedly expanding their efforts to cater to the world’s wealthiest people. J.P. Morgan Chase’s 23 Wall, for example, is a family office that includes about three dozen people catering to 700 families worth more than $4.5 trillion, Bloomberg reported Tuesday (May 30). Goldman Sachs and Citigroup,...
The proliferation of celebrity-backed brands in recent years has led to a saturation of the market, resulting in a diminishing impact on audience engagement. Celebrities, acknowledging this shift, are now exploring the realm of in-store experiences as a strategic approach to revitalizing their brands. By...
Artificial intelligence (AI) is a hot tool these days. Not only is it helping brands and retailers streamline business operations to become more efficient but it’s also playing a crucial role in enabling brands and retailers to distinguish themselves and captivate consumers. See also: Retailers...
Generative artificial intelligence (AI) is so new, many of its potential problems may not even be on anyone’s radar. Already, the world has grappled with concerns about all the data that goes into a large language model (LLM), including both training and user inputs, and...
Six Flags has reportedly become the first theme park offering Amazon’s “Just Walk Out” technology. The pilot program, set to launch next month at the amusement park operator’s New Jersey location, comes as consumers are increasingly seeking frictionless checkout experiences. In this case, that will...
The value of U.K. cryptocurrency fraud hit a record high following the collapse of FTX. That’s according to a recent report by law firm RPC, which found that the value of fraud during the 12 months ending March 31 of this year was at £306...
The death of FinTechs — and of FinTech funding — has been greatly exaggerated. Yes, venture capital funding in the space is slowing. And depending on where you look, it’s waning in general. By way of example: CB Insights has estimated that global FinTech funding...
The opportunities and pitfalls of generative artificial intelligence (AI) have yet to be fully felt by businesses, no matter the vertical. But as Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS’ Karen Webster, the past several months have given businesses a chance to take stock of...
A growing share of European taxi drivers’ business is coming from Uber. The share of these taxi drivers’ rides that are booked on the platform has risen from 5% a year ago to 10% today, Reuters reported Monday (May 29). Uber and European taxi drivers...
