PYMNTS News

OpenAI to File Scaled-Back Restructuring That Keeps Nonprofit in Charge

OpenAI to File Scaled-Back Restructuring That Keeps Nonprofit in Charge
OpenAI to File Scaled-Back Restructuring That Keeps Nonprofit in Charge
May 05, 2025  |  Artificial Intelligence

OpenAI said Monday (May 5) that it will submit a revised corporate plan that leaves its nonprofit parent firmly in control of the for-profit arm...

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Nvidia Wants to Use AI in the Real World, From Biotech to Transportation
Nvidia Wants to Use AI in the Real World, From Biotech to Transportation
May 05, 2025  |  Artificial Intelligence

Nvidia is ramping up the artificial intelligence (AI) arms race, unveiling more than 70 research papers showing how the fast-evolving technology can perform in real-world...

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ThredUP Surges as CEO Sees Tariffs Tilting Shoppers to Resale
ThredUP Surges as CEO Sees Tariffs Tilting Shoppers to Resale
May 05, 2025  |  eCommerce

Online resale marketplace ThredUP delivered better-than-expected first-quarter earnings Monday (May 5), reinforcing shoppers’ growing taste for secondhand clothing. And in a theme not sounded very...

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Rite Aid Files for Bankruptcy, Job Cuts Expected
Rite Aid Files for Bankruptcy, Job Cuts Expected
May 05, 2025  |  Business

Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a...

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Citigroup CEO: US Businesses Delay Investments, Hiring Amid ‘Limbo’ of Tariff Uncertainty
Citigroup CEO: US Businesses Delay Investments, Hiring Amid ‘Limbo’ of Tariff Uncertainty
May 05, 2025  |  Banking

Citigroup CEO Jane Fraser said Monday that most of the Wall Street bank’s business clients believe they can cope with U.S. tariffs of up to...

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Analysis: Financial Supply Chains Are Only as Strong as Their Riskiest Vendors
Analysis: Financial Supply Chains Are Only as Strong as Their Riskiest Vendors
May 05, 2025  |  Supply Chain

Any supply chain is only as strong as its riskiest vendor. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Microsoft’s AI Push Notches Early Profits
Microsoft’s AI Push Notches Early Profits
May 05, 2025  |  Artificial Intelligence

Microsoft’s strategy to install artificial intelligence (AI) as a default feature on its software may be paying off. Get the Full Story Complete the form...

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Currency Matching Innovations Critical as Tariffs Shake Up Cross-Border B2B Trade
Currency Matching Innovations Critical as Tariffs Shake Up Cross-Border B2B Trade
May 05, 2025  |  Cross-border Payments

Tariffs have thrown the global trade order into a new era of fragmentation. Get the Full Story Complete the form to unlock this article and...

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