News

Artificial Intelligence
Anthropic Cuts AI Agent Costs With Claude Sonnet 5 Rollout
June 30, 2026

Anthropic has released a Claude Sonnet model that can make plans, use tools like browsers and terminals, and run autonomously at a level that required larger and more expensive models a few months ago. Get the Full Story Complete the form to unlock this article...

Artificial Intelligence
AI Is Making Litigation Profitable at Smaller Claim Sizes
June 30, 2026

U.S. commercial auto liability direct written premium rose 12.3% to just over $43 billion in 2024, Milliman found, based on a composite of 40 major insurers representing nearly 80% of industry volume. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Heavy AI Spenders Are Adding Workers, Not Cutting Them
June 30, 2026

Companies spending the most on generative artificial intelligence are growing their workforces faster than companies spending the least. 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...

Artificial Intelligence
OpenAI Economist Says Jobs Data Disproves AI Unemployment Fears
June 30, 2026

Jobs data contradicts the common fear that artificial intelligence will put people out of work, OpenAI Chief Economist Aaron Chatterji said Tuesday (June 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
JPMorgan Pushes for Reform Following $4 Million Deli Meat Verdict 
June 30, 2026

Last month, JPMorgan Chase was ordered to pay $4.2 million in a wrongful-termination case. 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...

Artificial Intelligence
Companies Look to Cloud-Era Solutions to Control AI Spending
June 30, 2026

Businesses have reportedly turned to an array of tactics to help manage rising AI spending. 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
Physical AI Rewrites the Economics of the Backorder
June 30, 2026

A warehouse system can call an item in stuck when it isn’t. That gap is a backorder, an order the company accepts for a product it can’t ship. Each backorder delays the sale and raises the odds the customer cancels. GNC was logging several hundred...

Investments
Pie Raises $19 Million to Bring AI to Main Street Businesses
June 30, 2026

Small business-focused marketing platform Pie has emerged from stealth with $19.5 million in new funding. 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...

Loyalty & Rewards
Flexible Rewards Push Merchants and Issuers to Rethink Loyalty
June 30, 2026

Loyalty points have largely remained trapped inside the programs that issued them. That model is beginning to loosen as a growing number of initiatives promote greater flexibility, making rewards easier to earn, redeem and use across shopping journeys rather than within a single brand. Get...