For much of the past decade, artificial intelligence has been concentrated in the cloud. Large models trained and run in centralized data centers have powered chatbots, enterprise tools and consumer applications, but that approach comes with trade-offs. Cloud dependence introduces latency, increases infrastructure costs and...
Saks Global Executive Chairman Richard Baker has assumed the additional role of CEO amid reports that the luxury retail company is considering bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
OpenAI is reportedly improving its audio artificial intelligence (AI) models because it expects users of future personal AI devices to communicate with them through voice commands rather than via a screen. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
PYMNTS Intelligence has long spotlighted the value that real-time payments bring to consumer disbursements and emergency use cases. Beyond those use cases, faster funding is steadily becoming part of how businesses think about cash flow, settlement certainty and liquidity timing. Get the Full Story Complete...
The cryptocurrency industry is turning over a new leaf in the New Year. And this new leaf comes with new laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Luxury goods sellers are reportedly facing a tough market after raising their prices significantly after the pandemic. 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...
Tax authorities are closing in on crypto tax evasion, and the net is widening beyond national borders. Beginning Jan. 1 in the U.K. and more than 40 other countries, exchanges must start collecting and reporting detailed trading records for local customers. This data can expose...
Apple is scaling back the Vision Pro after weak sales. For the payments ecosystem, it is a sign that “spatial computing” will remain a niche channel for shopping, identity and in-app spending for now. Get the Full Story Complete the form to unlock this article...
The day after Christmas used to mark the end of peak season. 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...
