OpenAI Chief Financial Officer Sarah Friar said Wednesday (Nov. 5) that the company is working on a multimodal device and that the firm wants a federal guarantee that would lower the cost of financing investments in artificial intelligence chips. Get the Full Story Complete the...
A bill that is set to be introduced in the Senate would require major companies and federal agencies to report artificial intelligence-related layoffs, hires, job displacements, retraining and other job effects to the Department of Labor (DOL). Get the Full Story Complete the form to...
The technology landscape for banks is shifting fast, and Bank of America CEO Brian Moynihan said the firm’s response is to build for both scale and intelligence. Speaking at the bank’s investor day on Nov. 5, he said decades of steady digital investment have created...
OpenAI said it now has more than 1 million business customers around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
For years, progress in artificial intelligence was defined by scale and model size. Companies poured billions into training massive systems with ever-growing data sets, assuming that bigger meant better. That assumption is beginning to change. The next phase of AI is about efficiency, building models...
Meta’s artificial intelligence spending is giving investors unwelcome flashbacks to 2022, Bloomberg reported Wednesday (Nov. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Firmly has launched a platform designed to make it easier for merchants to adopt agentic commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
My hometown of Baltimore was the first city to install gas street lights in 1816 in an effort to curb crime. More cities quickly followed suit. By the turn of the century, every evening at dusk, lamplighters walked the streets with their ladders and torches,...
Worldpay has found that agentic commerce is likely to gain its foothold in smaller, everyday purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
