When it comes to payments innovations, banks and payment companies have held up their end of the deal. Instant payments, pay-by-bank, digital wallets, artificial intelligence and tokenization all have been pushed forward from the supply side. Now it’s up to the consumer. Seth Perlman, global head of product at i2c, said there are...
Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. The round would value xAI at $18 billion, the Financial Times (FT) reported Thursday (May 23). The new backing came from Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital and Tribe Capital, per the...
Alphabet, Meta Platforms and OpenAI are reportedly in talks with Hollywood studios to license content for their artificial intelligence video generation software. The companies are developing technology that can create realistic scenes based on text prompts and have offered financial incentives to partner with studios, Bloomberg reported Thursday (May 23). The discussions come as studios...
In the Bahamas, convicted cryptocurrency criminal Sam Bankman-Fried’s one-time penthouse is up for sale. Meanwhile, in the United States, the House of Representatives passed the Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763) Wednesday (May 22), the first step in establishing a comprehensive federal framework that both ensures regulatory...
May 24, 2024
When it comes to payments innovations, banks and payment companies have held up their end of the deal. Instant payments, pay-by-bank, digital wallets, artificial intelligence and tokenization all have been pushed forward from the supply side. Now it’s up to the consumer. Seth Perlman, global head of product at i2c, said there are several drivers pushing consumers, as well as enterprises and banks, toward seamless and […]
May 23, 2024
The future of payments won’t be built overnight. But progress is being made almost every single day. Technology is reshaping every facet of business. The pursuit of efficiency, security and seamless...
May 22, 2024
There’s no shortage of evidence showing that digital payment methods are nearing a tipping point. As PYMNTS Intelligence and the Federal Reserve have reported, consumers and businesses are accelerating their use of...
May 14, 2024
We are in the midst of a working capital revolution — one that is increasingly driven by innovation and made more necessary by the macroeconomic backdrop, particularly for those middle-market firms generating annual revenues between $50...
May 24, 2024
A task force of the European Data Protection Board (EDPB) released a report that will guide member countries’ data protection authorities (DPAs) as they investigate OpenAI’s chatbot, ChatGPT. The report provides preliminary views on some aspects of the investigations but does not prejudge the findings that will be made by each DPA, the EDPB said in a Friday (May 24) press release announcing the publication […]
May 23, 2024
Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. The round would value xAI at $18 billion, the Financial Times...
May 23, 2024
Alphabet, Meta Platforms and OpenAI are reportedly in talks with Hollywood studios to license content for their artificial intelligence video generation software. The companies are developing technology that can create realistic scenes based on text prompts and have...
May 23, 2024
Google Cloud has a new offering that it said can help customers’ artificial intelligence prototypes flourish. Generative AI Ops comes as Google Cloud clients are increasingly moving generative AI workloads from proof-of-concept...
