Labor accounts for 51.7% of hotel operating expenses and 32.4% of total revenue at U.S. hotels, according to CBRE Group’s “Trends in the Hotel Industry” report, which analyzed 2,456 properties using 2023 data. Hotels paid 11.9% more in total labor costs that year while operating...
New U.S. business applications hit 5.6 million in 2025 and have risen 24% since ChatGPT launched, Citadel Securities reported in a July research note, citing data from the U.S. Census Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
JPMorgan Chase says it is advising its workers to think twice about their artificial intelligence (AI) usage. 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...
Excessive artificial intelligence (AI) investment could make the technology’s boom unsustainable, according to a new Bank for International Settlements report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Industrial robots have historically gone where products are rigid, standardized and produced at scale. Automotive and electronics dominate global installations because their materials and sequences lend themselves to mechanical repetition, the International Federation of Robotics (IFR) reported in its World Robotics 2025 report. Get the...
DeepSeek is reportedly considering a second financing round weeks after concluding its first. 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 Today. By...
Google DeepMind CEO Demis Hassabis is calling for a United States-led standards body to independently test the world’s most advanced artificial intelligence models for national security threats before release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Visa will soon begin piloting an AI Financial Assistant that financial institutions will be able to add to their banking apps to offer artificial intelligence-powered conversational financial guidance to cardholders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Imagine hiring a real estate agent who secretly works for the seller. That is the worry driving a new push in Washington over artificial intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
