Consumers are paying nearly 25% less for artificial intelligence models from leading U.S. labs than they were in mid-July, following price cuts announced by OpenAI and Anthropic, the Financial Times reported Friday (Aug. 14), citing data from Silicon Data. Get the Full Story Complete the...
OpenAI is now on pace to bring in annualized revenue of more than $40 billion, roughly double its run rate from the end of 2025. The jump gives the ChatGPT maker fresh momentum as it prepares to go public. For the banking, payments and fintech...
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In a fragmented payments environment, how intelligently infrastructure decides what should happen to every transaction is becoming a key definition of payments performance and success. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
CFOs have stopped treating generative artificial intelligence returns as one date circled on the calendar. By December, 39.1% expected very positive returns within one to two years, even as 26.1% expected the payoff to take six years or longer. Get the Full Story Complete the...
Success with agentic AI will depend on how well banks redesign their operational foundations, Thales Head of AI-Driven Operations Platform Amélie Tournant Fourel writes in a new PYMNTS eBook, “Building the Agent-Ready Payments Enterprise.” Get the Full Story Complete the form to unlock this article and...
Crypto has a funny way of arriving before the meeting agenda catches up. Many credit union members have already made room for it, even as their financial institutions are still deciding what to do. Get the Full Story Complete the form to unlock this article...
Blockchain-native capital marketplace Figure Technology Solutions saw its Consumer Loan Marketplace volume leap 132% to $4.3 billion in the second quarter as both prospects and investors saw the benefits of this platform for capital, CEO Michael Tannenbaum said Thursday (Aug. 13) during an earnings call....
Citi’s U.S. Consumer Cards business plans to expand its customer engagement and commerce media capabilities by acquiring Kard Financial, a commerce media and rewards platform for banks and FinTechs, Citi said in a Thursday (Aug. 13) press release. Get the Full Story Complete the form to unlock...
