News

Investments
Polestar Secures $200 Million Equity Investment and Prepares to Launch New Electric Vehicles
June 20, 2025

Swedish electric vehicle brand Polestar has gained a $200 million equity investment from PSD Investment, which is an existing investor and is controlled by Geely Holding Group Founder and Chairman Shufu Li. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Nvidia and Foxconn Aim to Use Humanoid Robots in AI Server Factory
June 20, 2025

Humanoid robots could reportedly begin helping assemble Nvidia artificial intelligence servers at a factory in Houston by the first quarter of 2026. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
Uber AI Solutions Expands Resources for Training AI Models and Agents
June 20, 2025

Uber Technologies’ artificial intelligence (AI) data services business, Uber AI Solutions, has added new solutions and now makes them available to AI labs and enterprises in 30 countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Instant Payments and Stablecoins Demand Core Banking System Upgrades
June 20, 2025

For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set schedule of money movement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
June 20, 2025

Multiplier Holdings announced its public launch Wednesday (June 18), saying it had raised $27.5 million in seed and Series A funding to acquire professional services firms and enhance them by integrating its proprietary artificial intelligence automation. Get the Full Story Complete the form to unlock...

Artificial Intelligence
SoftBank Seeks Support for Proposed $1 Trillion Complex to Build Robots and AI
June 20, 2025

SoftBank is reportedly seeking support from partners and the U.S. government to build a $1 trillion manufacturing complex in Arizona that would focus on robots and artificial intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Perplexity Rejects BBC’s Legal Claims Over AI-Driven News Content Reuse
June 20, 2025

The BBC has threatened legal action against AI search engine Perplexity, escalating tensions between publishers and technology firms over the use of copyrighted news content to train artificial intelligence models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Stablecoins Become Retail Battleground for Walmart and Amazon
June 20, 2025

The retail experience in 2025 has left definitions like “physical” and “digital” behind. Instead, a vision of retail that’s predictive, personalized and embedded in daily life has taken over. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fintech Investments
FinTech IPO Index Slips as Platforms Decline and Overtake Circle’s 70% Surge  
June 20, 2025

Headed into the Juneteenth holiday, and nearing the end of a shortened trading week, the FinTech IPO Index slipped 1.3%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....