News

Retail
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
XAI Begins Training Chatbot on Content From X
July 26, 2024

Elon Musk’s xAI has reportedly begun training its artificial intelligence (AI) chatbot, Grok, on users’ posts on X, the social media site also owned by Musk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Photo App Photoroom Taps Green Energy for AI Training
July 26, 2024

Photo editing startup Photoroom plans to power its artificial intelligence (AI) training using 100% renewable energy as tech companies grapple with AI’s growing environmental impact. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
This Week in AI: AI Surge Ignites Global Tech Race and Regulatory Response
July 26, 2024

The artificial intelligence landscape is experiencing a dramatic transformation as tech giants and startups compete for dominance in AI-powered search, robotics and edge computing while regulators rush to adapt. From Microsoft and Google’s battle for search supremacy to the emergence of AI delivery bots and...

Investments
Fractile Raises $15 Million to Develop New AI Chip
July 26, 2024

U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
AI-Powered Delivery Robots Aim to Slash Costs
July 26, 2024

A new contender has entered the increasingly crowded field of autonomous delivery robots, hoping to automate last-mile logistics for eCommerce. Bay Area startup Vayu Robotics unveiled its artificial intelligence (AI)-powered delivery robot, touting a novel approach that could potentially reduce costs for online retailers. Get the Full...

Retail
Amazon and Walmart Tap Imaging Tech to Improve eCommerce Experience
July 26, 2024

Amazon and Walmart are looking to make the online shopping experience more visual in an effort to boost consumers’ eCommerce engagement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Embedded Payments and Virtual Cards Shift B2B Payment Dynamics to Supplier
July 26, 2024

The rise of business-to-business (B2B) eCommerce platforms is having a big impact on payments as well as buyer-supplier relationships. These online platforms have shifted transactions from paper-based processes and checks to the digital realm, enabling embedded payments to accelerate transactions and facilitate terms for buyers...

Banking
Three Big Shifts for Banking From PYMNTS Intelligence’s Embedded Finance and BaaS Report
July 26, 2024

As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the industry, pushing banks to adapt or risk being outpaced by nimble competitors from the Big...