News

Investments
New Backing Helps Elon Musk’s xAI Raise Nearly $6 Billion
May 23, 2024

Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. 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...

Retail
Ross Stores COO: Shoppers’ Cost-Cutting Behaviors Fuel Off-Priced Retail Growth
May 23, 2024

With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Artificial Intelligence
Tech Giants Aim to License Hollywood Content for AI Models
May 23, 2024

Alphabet, Meta Platforms and OpenAI are reportedly in talks with Hollywood studios to license content for their artificial intelligence video generation software. 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...

Retail
Automakers Offer Discounts as Inventories Rise to Pre-Pandemic Levels
May 23, 2024

The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Social Commerce
Ralph Lauren: Young Luxury Shoppers Tap Social Media for Inspiration
May 23, 2024

Social commerce is not just for fast-fashion — young consumers wanting to expand their wardrobes are looking to their social feeds to inspire their luxury fashion purchasing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
JPMorgan Reportedly Looking to Expand Private Credit Business
May 23, 2024

JPMorgan Chase is reportedly moving deeper into the uber-popular world of private credit. 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...

Artificial Intelligence
Google Debuts Tool to Help Put AI Products Into Production
May 23, 2024

Google Cloud has a new offering that it said can help customers’ artificial intelligence prototypes flourish. 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,...

Payments Innovation
Payments Modernization Starts and Ends With Customer Preferences
May 23, 2024

Innovation in payments is rarely linear, but it is always impactful.  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 completing...

B2B Payments
Automated B2B Payments Leave Legacy Processes in the Dust
May 23, 2024

Within today’s digital world, B2B payment mechanisms are increasingly finding themselves at an inflection point. 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,...