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Artificial Intelligence
Andrej Karpathy Lands at Anthropic Amid AI Research Arms Race
May 19, 2026

Andrej Karpathy joined Anthropic, marking one of the highest-profile talent moves yet in the escalating competition among frontier artificial intelligence labs for elite research talent. Karpathy, a founding member of OpenAI and head of AI at Tesla, said he would join Anthropic’s pretraining team focused...

B2B Payments
FIS Brings Enterprise Risk Suite to Amazon Web Services
May 19, 2026

Financial technology company FIS has launched its Enterprise Risk Suite on Amazon Web Services (AWS). 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,...

Investments
Retail Tech Startup Radar Secures $170 Million Funding Round
May 19, 2026

Radar, an inventory management startup backed by American Eagle Outfitters CEO Jay Schottenstein, has reached a valuation of more than $1 billion following its latest funding round, CNBC reported on Tuesday (May 19). Get the Full Story Complete the form to unlock this article and...

Investments
Ex-FTX Executive Rolls Out AI Trading Platform With ‘No-Loss’ Model
May 19, 2026

Perpetuals.com Ltd. has launched an artificial intelligence (AI)-powered trading platform that allows users to submit trading strategies without risking their own money. This marks a new attempt to combine crowdsourced investing with algorithmic execution, Bloomberg reported Tuesday (May 19). Get the Full Story Complete the...

Artificial Intelligence
IKEA Turned 8,500 Call Agents Into Design Consultants
May 19, 2026

In 2021, IKEA had a customer service problem that it couldn’t automate away. 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....

Investments
Moment Raises $78 Million to Meld AI and Wealth Management
May 19, 2026

Investment management-focused AI startup Moment has raised $78 million in new funding. 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
The Real Reason Companies Are Struggling to Scale AI
May 19, 2026

Every company says AI is a priority. Budgets are going up. Executive buy-in is strong. So why does scaling feel so hard for so many organizations? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Standard Chartered Cutting 8,000 Jobs as AI Focus Accelerates
May 19, 2026

Standard Chartered is undertaking sweeping job cuts as it increases its focus on AI. 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....

Artificial Intelligence
Demand for Always-On Commerce Strains Legacy Credit Platforms
May 19, 2026

Change is endemic to payments. But that doesn’t mean legacy environments can always keep up. 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,...