News

Retail
Kohl’s Aims to Refine Its Image as a Top Value Hub for Families
September 13, 2024

In the face of a tough retail environment, Kohl’s is reshaping its identity to feature its value-driven appeal for the entire family. With sales slipping and consumers tightening their belts, the retailer is doubling down on its promise of affordability, hoping to transform current challenges...

Retail
Starbucks Looks to Its Roots for a Brand Refresh
September 13, 2024

In recent months, Starbucks has grappled with operational and financial challenges, compounding its struggle to maintain market dominance. 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
Can AI Really Think? OpenAI’s New Model Sparks Fresh Debate
September 13, 2024

OpenAI’s new “Strawberry” AI model is winning praise from industry observers who praise its reasoning capabilities but note limitations. 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...

Investments
World Labs Raises $230 Million to Build Spatially Intelligent AI
September 13, 2024

World Labs, a newly formed company, said Friday (Sept. 13) that it has raised $230 million to build large world models (LWMs) that “perceive, generate and interact with the 3D world.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Artificial Intelligence
This Week in AI: OpenAI and Apple Roll Out New Products
September 13, 2024

Artificial intelligence (AI) is reconfiguring industries worldwide, from Apple’s new iPhone 16 with “Apple Intelligence” to OpenAI’s advanced “o1” reasoning models. As AI capabilities grow, experts caution that strict U.S. reporting rules could push firms overseas while stressing the importance of human oversight as workers...

Investments
Nirvana Raises $24.2 Million to Expand Health Insurance Verification Platform
September 13, 2024

Nirvana has raised $24.2 million in a Series A funding round to add more specialties to its platform that provides insurance verification and cost estimates to both healthcare providers and their patients. Get the Full Story Complete the form to unlock this article and enjoy...

Cross-border Payments
Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
September 13, 2024

Revolut is reportedly looking to expand its business into Gulf Cooperation Council (GCC)-member countries. 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....

B2B Payments
OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
September 13, 2024

Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” 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...

Retail
Walmart Hopes In-Person Advantage Can Shrink Amazon’s Fashion Lead
September 13, 2024

As Amazon outstrips Walmart in clothing sales, the latter is using its brick-and-mortar expertise in an attempt to close the gap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...