News

Cross-border Payments
Small Businesses Outgrow Domestic Payments as Global Sourcing Spreads
June 09, 2026

An entire generation of American small- to medium-sized businesses (SMBs) have been conducting multinational operations without multinational infrastructure. 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...

Retail
Digital Shift Gives Amazon 27% Edge in Discretionary Spend
June 09, 2026

As shoppers put more of their budgets toward essentials, Amazon and Walmart are starting to play more distinct roles in American retail. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
OpenAI Confidential IPO Filing Joins Race for Largest Public Listing Ever
June 08, 2026

OpenAI said Monday (June 8) that it recently submitted a confidential S-1, a registration statement required for an initial public offering, to the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Big Banks Eye New AI Compute Trading Market
June 08, 2026

Goldman Sachs and JPMorgan are considering entering the emerging compute trading market, The Information reported Monday (June 8), citing unnamed sources. 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...

Artificial Intelligence
GrubMarket Arms Food Distributor Sales Teams With New AI Agent
June 08, 2026

GrubMarket has expanded its GrubMarket AI platform to include a Sales AI Agent designed for use by wholesale food distributors. 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...

Artificial Intelligence
Alibaba CEO Takes Direct Control of New AI Business Unit
June 08, 2026

Alibaba Group has formed a new business unit called Token Foundry as part of the company’s reorganization plan to strengthen its artificial intelligence (AI) efforts, Seeking Alpha reported Monday (June 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Defense Tech Firms VisionWave and Foresight Form AI-Focused Pact
June 08, 2026

Defense technology firm VisionWave is taking a controlling stake in Foresight Autonomous. 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
OpenAI Turns ChatGPT Into a Platform Play
June 08, 2026

OpenAI is overhauling ChatGPT into a super app, bundling AI agents, coding tools and third-party services into a single platform as the company races toward a potential IPO. The Financial Times reported that the redesign, internally codenamed “Aria,” is weeks away. One senior OpenAI employee...

Fintech Investments
Reset Raises $6 Million to Bring Earned Wage Access to Credit Unions
June 08, 2026

Embedded earned wage access platform Reset raised $6 million in a seed funding round, according to a Monday (June 8) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...