News

IPO
Hawaii-Based American Savings Bank Files for IPO
August 24, 2026

Hawaii-based community bank American Savings Bank has filed for a proposed initial public offering, the bank said in a Monday (Aug. 24) press release. 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...

Artificial Intelligence
Instacart’s AI Assistant Turns Chitchat Into Cha-Ching
August 24, 2026

Instacart’s advertising business is already one of the largest in retail media. The company generated more than $1 billion in ads and other revenue in 2025, reaching nearly 100,000 stores across more than 2,200 retail banners, Instacart said a May press release. Its existing formats...

Delivery
Kroger and Instacart Bundle Groceries and Prescriptions in One Delivery
August 24, 2026

Customers of The Kroger Co. banners Fred Meyer, Ralphs and Harris Teeter can now have groceries and eligible prescriptions delivered in one order, Kroger said in a Monday (Aug. 24) press release. Get the Full Story Complete the form to unlock this article and enjoy...

Artificial Intelligence
Elastic Closes Deductive AI Deal to Deliver AI-Powered Production Incident Investigation
August 24, 2026

Elastic completed its acquisition of Deductive AI, saying in a Monday (Aug. 24) press release that the move will help Elastic set the standard for production incident investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
General Intuition Aims to Raise Capital at $6 Billion Valuation to Power AI Robotics
August 24, 2026

General Intuition, which is developing a foundation artificial intelligence model with potential applications in robotics, is finalizing a funding round that would value the company at $6 billion, TechCrunch reported Monday (Aug. 24), citing unnamed sources. Get the Full Story Complete the form to unlock...

Artificial Intelligence
Australian Businesses Favor AI for Back-Office Tasks Over Software Building
August 24, 2026

Anthropic’s customers in Australia, who have been among the leading adopters of the company’s Claude artificial intelligence (AI) model, tend to use the tool for back-office tasks, the company’s country head said Monday (Aug. 24), Bloomberg reported. Get the Full Story Complete the form to...

Artificial Intelligence
Goldman Sachs Safeguards Apprenticeship Culture in AI Era
August 24, 2026

Goldman Sachs aims to ensure that new artificial intelligence tools don’t lead to a loss of knowledge within the institution, Chris Churchman, head of the company’s digital platform for institutional clients, Marquee, said, CNBC reported Monday (Aug. 24). Get the Full Story Complete the form...

Artificial Intelligence
No Discount Survives an AI That Can’t See It
August 24, 2026

Loyalty benefits used to show up at checkout: a card swiped, a code entered, a discount applied after the decision was already made. That moment is moving earlier, into the conversation where an artificial intelligence agent is still deciding where to buy. Get the Full...

B2B Payments
Pay.com Raises $28 Million to Bring Rewards Platform to US Businesses
August 24, 2026

Australia’s Pay.com is launching in the U.S. as PayRewards after raising $28 million in a Series E round, bringing its total capital raised to $70 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...