News

Investments
Amazon Expands Investment in AI Firm Anthropic to $4 Billion
March 27, 2024

Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. 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
Who Will Win the Battle for Generative AI?
March 27, 2024

OpenAI’s remarkable success with ChatGPT has sent shockwaves through the tech world, sparking a fierce race to build the next generation of large language models (LLMs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
PayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
March 27, 2024

InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures.  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...

CFPB
CFPB Warns Remittance Transfer Providers About Making False Claims
March 27, 2024

The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Fetch.ai, Ocean Protocol and SingularityNET to Partner on Decentralized AI
March 27, 2024

Three entities in the field of artificial intelligence (AI) plan to combine to create the Artificial Superintelligence Alliance.  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...

Retail
Buybuy Baby Uses Expert Curation to Compete With Amazon
March 27, 2024

As specialty retailers are challenged to find ways to hold their own against retail giants such as Amazon, Buybuy Baby is leaning on its specialty selection to keep customers coming back to its digital and physical stores. Get the Full Story Complete the form to unlock this article...

eCommerce
Google Shopping Debuts Personalized Style Recommendations 
March 27, 2024

Google has begun rolling out a feature that gives shoppers more personalized results. 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...

Banking
Banks Need to Copy eCommerce’s ‘Friction-Free’ Experiences
March 27, 2024

Eric Foust, VP of Banking Partnerships, North America at Trustly, said that in the wake of the pandemic, consumers are looking toward banks to deliver the same ease of use and personalization that’s been a hallmark of eCommerce. Get the Full Story Complete the form to...

Banking
Banks Embrace the Digital Age to Become Financial Service Aggregators and Platforms
March 27, 2024

Jim McCarthy, CEO of Thredd, said in a recent interview that banks have to break down their walled gardens to give customers what they truly want. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...