News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

Throttle AI Innovation at Productivity’s Peril, Says AI Expert
Throttle AI Innovation at Productivity’s Peril, Says AI Expert
December 11, 2023  |  artificial intelligence

How do you regulate an everything-everywhere innovation like artificial intelligence (AI)? The White House’s executive order on the safe, secure and trustworthy development of AI...

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CE 100 Index Up 0.8% as BNPL Names Gain Ground 
CE 100 Index Up 0.8% as BNPL Names Gain Ground 
December 11, 2023  |  Connected Economy

There are just a few weeks left to complete a volatile year, and the CE 100 Index continues to inch up, notching gains that have...

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Payments Orchestration Helps Platforms Extend Their Global Reach
Payments Orchestration Helps Platforms Extend Their Global Reach
December 11, 2023  |  Payments Innovation

Blake Whitson, vice president, payments and global customer support at Brainly, and Andy McHale, senior director, product and market strategy at Spreedly, told PYMNTS that...

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Macy’s Investors Reportedly Launch $5.8 Billion Bid to Take Retailer Private
Macy’s Investors Reportedly Launch $5.8 Billion Bid to Take Retailer Private
December 10, 2023  |  Retail

A group of investors reportedly wants to make department store chain Macy’s a private company. Real estate investment firm Arkhouse Management and Brigade Capital Management,...

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SEC Seeks Details on Investment Adviser AI Use
SEC Seeks Details on Investment Adviser AI Use
December 10, 2023  |  artificial intelligence

The Securities and Exchange Commission (SEC) is reportedly querying how investment advisers use artificial intelligence (AI). The agency’s examination division has sent a number of...

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Consumer Goods Prices Drop as Supply Chains Reopen
Consumer Goods Prices Drop as Supply Chains Reopen
December 10, 2023  |  Economy

Following a long battle with inflation, shoppers are discovering deals once more. As The Wall Street Journal notes in a report Sunday (Dec.10), the easing...

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Mistral AI Valued at $2 Billion Following Funding Round
Mistral AI Valued at $2 Billion Following Funding Round
December 10, 2023  |  artificial intelligence

French artificial intelligence (AI) startup Mistral AI has reportedly raised $415 million in a funding round. The round, as reported Sunday (Dec. 10) by The...

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Report: Snapchat Subscription Service Sees Best Month Ever
Report: Snapchat Subscription Service Sees Best Month Ever
December 10, 2023  |  Subscriptions

Snapchat’s premium subscription service has reportedly just enjoyed its best month ever. The social media platform’s Snapchat+ offering recorded more than $20 million in revenue in November...

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Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
December 10, 2023  |  Retail

At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles,...

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