May 08, 2024
Balsam Brands Uses Real-Time Data to Make Its Holiday List
With the first quarter recently in the books and Q2 well underway, most companies have their collective eye on an uncertain economy and an inconsistent consumer. But for some companies,...
May 08, 2024
iPhone Sales in China Jump 12% Following Markdowns
Retailer discounts reportedly helped drive a roughly 12% increase in Chinese iPhone shipments in March. Shipments of foreign smartphones — most of which would have been Apple’s flagship product — rose to 3.75 million units...
May 08, 2024
AI Plays ‘Mr. Fix It’ for Rental Property Management
A trip is never just a trip. The end-to-end travel journey spans nearly ever touchpoint across hospitality. And in the landscape of rental property management, the role of technology is becoming paramount....
May 07, 2024
Meta Unveils GenAI Tools for Business Advertising
Meta is rolling out a new way for advertisers to create marketing materials. Businesses can now use Meta’s artificial intelligence (AI) tools to create images for advertising campaigns, Meta said...
May 07, 2024
Upstart, Like Its Customers, Remains Focused on Return to Growth
If you are in the business of providing loans, there will always be a demand for your product. As for the customers that need to be served, the total addressable...
May 07, 2024
Report: Paris-Based Holistic Raises $200 Million to Develop AI Model
A Paris-based artificial intelligence (AI) startup called Holistic has reportedly raised $200 million in the first tranche of an initial funding round. The firm was formed by scientists who left...
May 07, 2024
Pharmacy AI Set to Grow as Companies Look to Streamline
The robots are coming — to a pharmacy near you. As the world looks to streamline healthcare, the pharmacy automation market is poised to be just what the doctor ordered,...
May 07, 2024
Report: Microsoft Develops Internet-Free AI Model for Spy Agencies
Microsoft has reportedly built a generative AI model designed for U.S. intelligence agencies. The development marks a milestone in the artificial intelligence (AI) sector, in that officials at Microsoft say it is...
May 07, 2024
FIS Targets $200 Billion Addressable Market in Global Money Movement
At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions of dollars. CEO Stephanie Ferris said during...
Generative AI’s use in the telecommunications industry is increasing, with 87% of telecom executives seeing its potential to enhance customer relations and experience, but 68% of telecoms also admit they are insufficiently addressing the risks associated with the technology. The latest edition of the “Generative AI Tracker®,” a collaboration with AI-ID, examines why three-quarters of telecoms see a need to do more to combat AI fraudsters, underscoring the tension between innovation and robust security.
Although authorized party fraud accounts for only 37% of FIs’ fraud losses in dollars, these types of attacks are the most likely to impact customer satisfaction and retention — something FIs cannot overlook. PYMNTS Intelligence’s latest 29-page report, “Leveraging AI and ML to Thwart Scammers,” a collaboration with Hawk, contains 8 charts of proprietary data examining the role of ML and AI to help keep fraudsters from getting the upper hand