Generative artificial intelligence presents a dual-edged sword for the American workforce, promising productivity gains while simultaneously sparking job displacement concerns. The PYMNTS Intelligence report “Workers...
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal...
This week in artificial intelligence, chief product officers said AI needs human oversight, even for routine, automated tasks like fraud detection. Meanwhile, AI was partly...
Microsoft is reportedly laying off 3% of its workforce, or about 6,000 employees, to reduce the number of management layers. The job cuts are not...
Byline Bank is boosting its embedded finance efforts by expanding its payments/FinTech division. The Chicago-based lender announced in a Monday (May 12) news release that...
Former Federal Deposit Insurance Corp. (FDIC) Board Member Jonathan McKernan will be nominated to serve in a post at the Treasury Department after previously being nominated to lead the Consumer...
OpenAI has named Instacart head Fidji Simo as its new CEO of Applications. Sam Altman, the artificial intelligence (AI) startup’s chief executive, announced the appointment...
Three financial regulators are scrambling following the President Donald Trump administration’s latest round of personnel cuts. Over 2,300 staffers across the Federal Deposit Insurance Corp.,...