Hyundai Motor Group said in an Aug. 12 press release that artificial intelligence (AI) has cut the time its engineers spend searching for and reviewing historical crash test cases by 90%, a measurable example of how AI can speed up industrial work without replacing the...
OpenAI “will be a public company in 2027,” if not sooner, Chief Financial Officer Sarah Friar told employees Wednesday (Aug. 19) during an all-hands meeting, CNBC reported, citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Carvana shares climbed as much as 9.3% Wednesday (Aug. 19), after dropping 14% over the previous two days, when a report said billionaire Mark Walter wouldn’t be able to immediately sell his stake in the online car retailer, Bloomberg reported Wednesday. Get the Full Story...
Banks repeatedly perform similar due diligence on technology providers, and an industry-standards effort involving the federal regulators would make portions of that work reusable across institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Second quarter results from Home Depot and Lowe’s offer perhaps the clearest evidence yet of how a prolonged period of elevated mortgage rates is changing where money flows inside the roughly $1 trillion U.S. home-improvement economy. Get the Full Story Complete the form to unlock...
The Commodity Futures Trading Commission (CFTC) is seeking comment on the listing of compute derivatives contracts as it prepares to establish the “gold standard” for trading this commodity that powers the artificial intelligence economy, the regulator said in a Wednesday (Aug. 19) press release. Get...
OpenAI told the public on Tuesday that it is deliberately slowing down. “As models become more capable, the risks associated with developing and testing them internally also grow,” the company said in its own post. “We wanted to take the time necessary to meet those...
With stablecoins increasingly moving through existing payment networks, many merchants don’t know they are receiving stablecoin payments, Rain CEO Farooq Malik told The Block, according to a report posted Wednesday (Aug. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Tariffs alone cannot explain the persistence of 3% inflation in 2025, three Federal Reserve Bank of Boston economists wrote in an article posted Wednesday (Aug. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
