News

Investments
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024

Accounting automation firm Rillet has raised $13.5 million to develop its platform. 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
GenAI Giants Unleash New Models With More Business Capabilities
July 29, 2024

In a move that’s sending ripples through the tech and business worlds, Meta Platforms has unveiled its most advanced AI models yet, challenging industry leaders OpenAI and Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
AI Ethics Tackles Issues Arising From Machines Making Decisions
July 29, 2024

Imagine a world where machines make life-altering decisions about your health, your job prospects and even your freedom. That world isn’t science fiction — it’s already here. As artificial intelligence (AI) reshapes our lives, a new frontier is emerging: AI ethics. Get the Full Story...

Retail
Gift Card Scams Surge as Maryland Enacts Law Amid Federal Crackdown
July 29, 2024

Gift card scams are back in the news, with two federal agencies issuing warnings about their proliferation and one state now passing a law aimed at stopping its latest iteration called card draining, where scammers deplete the value of gift cards before they are used....

Artificial Intelligence
Anthropic Named ‘Best Performing’ LLM as AI Arms Race Intensifies
July 29, 2024

Generative artificial intelligence (AI) firm Galileo has released a new ranking of top large language models (LLMs). 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...

Investments
Aveni Raises $14 Million to Bring AI to Financial Services
July 29, 2024

Scottish FinTech Aveni has raised $14 million to bring AI to the financial services field. 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
OpenAI Fires Shot at Google With AI-Powered ‘SearchGPT’
July 29, 2024

OpenAI’s new “SearchGPT” tool, launched Thursday (July 25), aims to shake up the eCommerce industry online with AI-powered product discovery and comparison. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is...

Delivery
DoorDash Hires Ex-Amazon Exec and Explores Digital Storefronts
July 28, 2024

DoorDash has reportedly hired an ex-Amazon executive to help its continued expansion beyond restaurant deliveries. 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,...