News

Artificial Intelligence
This Week in AI: Tech Giants’ Spending Soars; Meta Rethinks Metaverse
February 07, 2025

This week in artificial intelligence, Big Tech invests in AI, Meta rethinks its metaverse pivot and DeepSeek poses a potential security threat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Luxury’s Lost Luster: Brands Grapple With Shifting Tastes, Economic Headwinds
February 07, 2025

As 2025 unfolds, the luxury market is undergoing a period of mixed results and shifting dynamics. Recent news and earnings reports reveal a sector experiencing notable evolution, per a ModernRetail report, requiring flexibility and strategic adjustments from its key players. Get the Full Story Complete...

Artificial Intelligence
OpenAI CEO Sam Altman: EU Regulations Could Limit Access to AI
February 07, 2025

OpenAI CEO Sam Altman reportedly said that European Union (EU) regulations could limit the region’s access to artificial intelligence (AI). 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...

Artificial Intelligence
AI Cheat Sheet: Large Language Foundation Model Training Costs
February 07, 2025

Foundation models are large artificial intelligence (AI) models trained on humongous datasets that enable them to do a wide range of tasks across various industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Report: Shein Considers 25% IPO Valuation Cut After Tariff Increase
February 07, 2025

The imposition of tariffs on small packages imported to the United States from China reportedly led Shein to consider cutting its valuation in a potential London initial public offering (IPO) by nearly 25%. Get the Full Story Complete the form to unlock this article and...

Fintech Investments
FinTech IPO Index Adds 2.6% as Paysafe Jumps on Takeover Reports
February 07, 2025

The FinTech IPO Index’s gains this past week — up 2.6% through Thursday (Feb. 6) across the past five sessions — were tied to a mix of newsworthy events. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payments Innovation
iGaming’s Payment Evolution Has Strong Odds to Catch Consumer Loyalty
February 07, 2025

As sportsbooks and online gaming platforms compete for player loyalty in an increasingly saturated market, the entire sector is getting a makeover. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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...