News

Retail
Amazon, Walmart and Target Clash in June Sales Events
June 12, 2026

June will be a big month for omnichannel retailer promotions. 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 this...

Artificial Intelligence
Fake Reddit Posts Are Hijacking What AI Tells You
June 12, 2026

In late May, moderators of r/Biohackers, a Reddit community with roughly 830,000 members, restricted new standalone posts about peptides and hormone replacement therapy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Mistral Seeks $3.5 Billion to Build European AI Infrastructure
June 12, 2026

Mistral AI is in talks to raise about 3 billion euros (about $3.5 billion) at a valuation of about 20 billion euros (about $23.1 billion), a figure that could go higher depending on investor demand, Bloomberg reported Friday (June 12), citing unnamed sources. Get the...

Artificial Intelligence
McDonald’s Fired Its AI. Now It’s Back With Google’s.
June 12, 2026

McDonald’s is back in the artificial intelligence drive-thru business, and this time it’s bringing Google. 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
Anthropic Vertical Software Rollout Threatens Enterprise AI Builders
June 12, 2026

Anthropic’s introduction of industry-specific artificial intelligence tools threatens the business of companies that use its AI models to build their own tools, The Information reported Thursday (June 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
ChatGPT Reaches 1 Billion Users as the AI Economy Takes Shape
June 12, 2026

ChatGPT reached 1 billion global monthly active app users in May, CNBC reported on Friday (June 12), making it the fastest application in history to reach that scale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
SoFi, Revolut, Square and Klarna Turn Savings Into Lending Strategy
June 12, 2026

As interest rate uncertainty lingers and wholesale funding becomes more expensive, digital-first financial firms are using high-yield savings accounts to address two challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
FinTechs Use Cross-Border Payments to Court Small Businesses
June 12, 2026

Watch more: Need to Know With Mastercard’s Pratik Khowala 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 this form,...

Artificial Intelligence
Credit Unions Need AI Chat to Stay in the Conversation
June 12, 2026

Financial institutions once competed on branch networks, interest rates and, later, mobile apps. 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....