News

Artificial Intelligence
AI Surge Drives Tech Industry Growth for Micron, Alibaba and Perplexity
June 27, 2024

The artificial intelligence (AI) boom is reshaping the tech landscape, with industry giants and startups reporting significant gains and attracting major investments. Memory chip maker Micron Technology announced robust quarterly results fueled by AI demand, while eCommerce giant Alibaba.com rolled out AI tools to empower...

Artificial Intelligence
OpenAI Unveils Content Deal With Time Magazine
June 27, 2024

OpenAI and Time announced a multi-year content partnership. 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 form, you...

Investments
Dust Raises $16 Million to Help Companies Deploy AI Assistants
June 27, 2024

Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal use cases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
What Core Banking’s 40-Year Evolution Says About What’s Next for Banking
June 27, 2024

There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality is that customers are the most important asset, because if there are no customers there is no money. And financial...

Delivery
Experts Expect Spinoff as FedEx Considers Future of Freight Unit
June 26, 2024

FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
AI Leading to New Tools, Job Cuts in Creative Industries
June 26, 2024

Artificial intelligence (AI) has the potential to expand human creativity and enhance collaboration, but it may also lead to the disappearance of certain creative jobs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Nvidia Targets Partnerships, Value to Retain AI Chip Market Share
June 26, 2024

Nvidia has taken a number of steps to maintain its dominant position in the field of artificial intelligence (AI) chips, Nvidia CEO Jensen Huang said Wednesday (June 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
June 26, 2024

The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said Tuesday (June 24).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Artificial Intelligence
AI Regulation: Google Backs Bills as EPIC Releases Evaluation Tool
June 26, 2024

Artificial intelligence (AI) regulation takes center stage as tech giants, researchers and watchdogs join the fray, pushing for smart governance of a technology with the potential to reshape our world.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...