PYMNTS News

Nvidia and Foxconn Aim to Use Humanoid Robots in AI Server Factory
Nvidia and Foxconn Aim to Use Humanoid Robots in AI Server Factory
June 20, 2025  |  artificial intelligence

Humanoid robots could reportedly begin helping assemble Nvidia artificial intelligence servers at a factory in Houston by the first quarter of 2026. Get the Full...

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Senate Parliamentarian Deals Setback to Proposal to Defund CFPB
Senate Parliamentarian Deals Setback to Proposal to Defund CFPB
June 20, 2025  |  CFPB

Republicans’ plan to defund the Consumer Financial Protection Bureau (CFPB) as part of President Donald Trump’s tax and spending bill, the “Big, Beautiful Bill,” has suffered a setback by...

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CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
June 20, 2025  |  Earnings

Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. Get the Full Story Complete the form to...

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Uber AI Solutions Expands Resources for Training AI Models and Agents
Uber AI Solutions Expands Resources for Training AI Models and Agents
June 20, 2025  |  artificial intelligence

Uber Technologies’ artificial intelligence (AI) data services business, Uber AI Solutions, has added new solutions and now makes them available to AI labs and enterprises...

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Instant Payments and Stablecoins Demand Core Banking System Upgrades
Instant Payments and Stablecoins Demand Core Banking System Upgrades
June 20, 2025  |  Banking

For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set...

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Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms
June 20, 2025  |  Investments

Multiplier Holdings announced its public launch Wednesday (June 18), saying it had raised $27.5 million in seed and Series A funding to acquire professional services...

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Data Breach Exposes 16 Billion Login Records for Online Services
Data Breach Exposes 16 Billion Login Records for Online Services
June 20, 2025  |  Cybersecurity

Thirty databases containing a total of 16 billion login records for a variety of online services were reportedly briefly exposed. Get the Full Story Complete...

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SoftBank Seeks Support for Proposed $1 Trillion Complex to Build Robots and AI
SoftBank Seeks Support for Proposed $1 Trillion Complex to Build Robots and AI
June 20, 2025  |  artificial intelligence

SoftBank is reportedly seeking support from partners and the U.S. government to build a $1 trillion manufacturing complex in Arizona that would focus on robots...

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Perplexity Rejects BBC’s Legal Claims Over AI-Driven News Content Reuse
Perplexity Rejects BBC’s Legal Claims Over AI-Driven News Content Reuse
June 20, 2025  |  artificial intelligence

The BBC has threatened legal action against AI search engine Perplexity, escalating tensions between publishers and technology firms over the use of copyrighted news content...

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