News

Payments Innovation
InvoiceCloud and POWERCONNECT.AI Partner on AI and Payment Solutions for Utilities
February 06, 2025

InvoiceCloud and POWERCONNECT.AI have partnered to offer integrated artificial intelligence (AI) and payment solutions for utilities. 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...

Artificial Intelligence
MIT Discovers AI Training Paradox That Could Boost Robot Intelligence
February 06, 2025

Researchers from MIT, Harvard and Yale discovered a paradox in the field of artificial intelligence (AI) training that could represent a breakthrough in accelerating intelligence in robots. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
AI Models and Tools: OpenAI’s Debuts ‘Cost-Efficient’ Model as Mistral Upgrades
February 06, 2025

OpenAI has released what it calls its “most cost-efficient” reasoning artificial intelligence (AI) model, the o3-mini. The model is part of OpenAI’s o1 series, which can reason through tasks but takes longer to respond than non-reasoning models. Compared to OpenAI’s GPT (LLM) series, reasoning models...

Investments
Trump Media Applies to Register Trademarks for Financial Services Brand
February 06, 2025

Trump Media and Technology Group (TMTG) said Thursday (Feb. 6) that it applied to register trademarks for brand names connected to the upcoming launch of its customized exchange-traded funds (ETFs) and customized separately managed accounts (SMAs). Get the Full Story Complete the form to unlock...

Artificial Intelligence
DeepSeek Restricts Access as AI Model Balloons in Popularity
February 06, 2025

DeepSeek’s artificial intelligence model is reportedly too popular for its own good. 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...

Banking
FirstRand Adopts Fiserv’s Cloud-Based Banking Platform
February 06, 2025

FirstRand Group, the largest financial institution by market capitalization in Africa, said Wednesday (Feb. 5) that it will adopt Fiserv’s cloud-based banking platform, Finxact. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Trump Tariffs Leave Shein and Temu Retailers Paying 30% More
February 06, 2025

Chinese retailers selling on Shein and Temu are reportedly facing a 30% levy on exports. 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...

Artificial Intelligence
DeepSeek Faces Ban on US Government Devices
February 06, 2025

U.S. lawmakers are set to introduce legislation outlawing DeepSeek’s AI chatbot on government devices. 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...

Payments Innovation
Thredd’s McCarthy: ‘Seismic Shift’ Will Define FinTech Future
February 06, 2025

The last half-decade of the 2020s looms, and for FinTechs and financial services in general, the dust has just started to be kicked up on Capitol Hill and in the White House in terms of new regulations and even a reshaping of the regulatory agencies...