Stripe is in talks to buy OpenRouter, an artificial intelligence startup. The deal could value the company at roughly $10 billion, The Wall Street Journal reported. An agreement could be announced soon. Still, talks could fall through, or another buyer could step in. The exact...
Consumers in euro area countries perceive and expect significant reductions in inflation, the European Central Bank (ECB) said in a Friday (July 24) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Microsoft, Meta and Nvidia are among 25 tech organizations calling on U.S. policymakers to avoid placing “premature restrictions” on open-weight AI models or “sweeping restrictions” on distillation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Artificial intelligence (AI) agents can complete only about 1 in 4 real-world work tasks, according to a new benchmark from UC Berkeley’s Center for Responsible, Decentralized Intelligence that pitted leading AI systems against actual assignments from working professionals. The findings test a bold prediction: that...
Weak artificial intelligence regulation can produce worse safety outcomes than imposing no regulation at all. That’s according to a new academic study that challenges policymakers to consider how rules affect the entire AI supply chain rather than isolated companies or applications. Get the Full Story...
American Express’ second-quarter earnings tell a spending story that stretches from restaurant tables to airport gates to corporate expense accounts, with artificial intelligence sitting somewhere in the middle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Conversational artificial intelligence (AI) started out handling simple tasks. For much of its decades-long commercial life, from Siri to Alexa and beyond, consumers used voice AI tools to check an order, reset a password, find a product or ask about the weather. Get the Full...
Ant International’s unified wallet gateway, Alipay+, has added its first banking partner in Hong Kong, Hang Seng Bank. 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...
The Bank Policy Institute is recommending that financial institutions and their regulators reduce direct electronic transfers of sensitive financial and supervisory data, arguing that traditional practices such as uploading files to regulator-controlled portals or sending encrypted emails can create unnecessary cybersecurity risks. Get the Full...
