Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives including AI, according to a Tuesday (April 8) news release. The investment comes as the financial services giant sees the fruits...
Apple has reportedly made some leadership changes to speed up its development of artificial intelligence (AI) products. The company has put Vision Pro creator Mike Rockwell in charge of its virtual assistant, Siri, and removed Siri from the oversight of AI head John Giannadrea, Bloomberg...
Amazon is reportedly pushing back the release of its updated Alexa, part of a string of delays for the virtual assistant. While the company still plans to publicly unveil the new version of Alexa on Feb. 26, a report Friday (Feb. 14) by the Washington...
Will audio tech company Sonos soon have a new owner? If so, which tech giant will it be? A report Sunday (Jan. 19) by Bloomberg News examines the company’s trouble and uncertain future. After a messy app rollout in May, Sonos’ market valuation is roughly...
December 05, 2024
A new research paper reveals artificial intelligence (AI) systems using large language models can now effectively control computer interfaces through natural interaction. These agents can autonomously navigate software, complete tasks and manipulate interfaces as humans do. “This technology will change our relationship to software,” Joan Palmiter Bajorek, CEO and founder of Clarity AI, told PYMNTS. […]
October 04, 2024
Amazon and Walmart are improving their search capabilities with next-gen technologies such as generative artificial intelligence (AI) in an effort to increase consumers’ spending and loyalty. Amazon shared Wednesday (Oct....
May 31, 2024
Anthropic, the startup behind the artificial intelligence (AI) assistant Claude, is launching a new “tool use” feature that could change how businesses interact with their customers. The new capability enables...
November 28, 2023
The payments industry has been a latecomer to the financial technology revolution. Many companies still use legacy accounts receivable (AR) processes marked by an overwhelming reliance on manual procedures. Now,...
June 09, 2025
Walmart is expanding its artificial intelligence (AI) offerings by introducing a new shopping assistant. Customers can now access the generative AI-powered “Sparky” on the Walmart app, the retail giant said in an Friday (June 6) announcement. “Sparky helps customers search to find items, synthesize reviews, and offers insights to prepare for any occasion — from […]
March 20, 2025
Apple has reportedly made some leadership changes to speed up its development of artificial intelligence (AI) products. The company has put Vision Pro creator Mike Rockwell in charge of its...
February 16, 2025
Amazon is reportedly pushing back the release of its updated Alexa, part of a string of delays for the virtual assistant. While the company still plans to publicly unveil the...
January 19, 2025
Will audio tech company Sonos soon have a new owner? If so, which tech giant will it be? A report Sunday (Jan. 19) by Bloomberg News examines the company’s trouble...