News

Artificial Intelligence
CarGurus Adds AI-Powered Search Experience to Car Shopping Platform
June 09, 2025

CarGurus has added an artificial intelligence-powered search experience to its online platform for buying and selling new and used vehicles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

IPO
Report: Chime Set to Launch IPO Thursday, Aiming for $11 Billion Valuation
June 09, 2025

Chime Financial is reportedly expected to launch its initial public offering (IPO) Thursday (June 12). 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,...

Artificial Intelligence
Report: ‘Vibe Coding’ Startup Lovable in Talks to Raise $100 Million
June 09, 2025

Lovable, an artificial intelligence (AI) startup that enables “vibe coding” to streamline software development, is reportedly in talks to raise at least $100 million at a valuation of at least $1.5 billion. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Apple’s Dull Developer Event Mirrors Its Lackluster AI Strategy
June 09, 2025

Apple, which has been facing pressure to stake out its own pole position in the Big Tech artificial intelligence arms race, may not see that pressure abate anytime soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Artificial Intelligence
LVMH Deploys AI Tools Across Operation, Seeking Efficiency and Customer Retention
June 09, 2025

Luxury conglomerate LVMH is deploying artificial intelligence (AI) tools throughout its operations, targeting both operational efficiency and customer retention. 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...

Retail
Retail Federation: Imports Will Surge During Tariff Pause
June 09, 2025

The National Retail Federation is projecting a summertime surge in U.S. import cargo. 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 completing...

Investments
Accounting Firm RSM US to Invest $1 Billion in Agentic AI
June 09, 2025

RSM US LLP, a provider of assurance, tax and consulting services for middle-market companies, will invest $1 billion over the next three years to integrate agentic artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
Report: Reasoning AI Models Fail When Problems Get Too Complicated
June 09, 2025

The latest large reasoning models (LRMs) experience “complete accuracy collapse” when faced with highly complex tasks, according to a new paper co-authored by researchers from Apple. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
How Embedded Finance, AI and Automation Are Redefining B2B Payment Networks
June 09, 2025

Since the inception of the paper check, B2B payments have traditionally gotten the short end of the stick when it came to subsequent innovations in payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...