Artificial intelligence is transforming the economy, and now is the time to ensure that the technology benefits society, according to a statement signed by more than 200 economists and AI researchers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
When CVC Capital Partners put Greek eCommerce platform Skroutz up for sale earlier this year, it skipped investment bankers and used artificial intelligence to run the process instead, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
In 1865, English economist William Stanley Jevons observed that improving the efficiency of steam engines increased Britain’s coal consumption instead of reducing it. More efficient engines made coal-powered production cheaper, so more industries adopted it and expanded operations. Over 160 years later, Jevons’ observation, now...
Amazon Business now offers Prime Business customers in Spain some new artificial intelligence-powered features, according to a Monday (July 13) press release translated by Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
This week in the Prompt Economy, the spotlight is on how AI is reshaping local and federal government. One of the most dramatic examples surfaced this week in the U.S. heartland. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Last week, Apple sued OpenAI, accusing the artificial intelligence startup of stealing trade secrets. 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...
OpenAI’s safety head is reportedly leaving the company amid a larger leadership shakeup. 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....
Mortgage underwriting runs on documents. Payslips, bank statements and tax returns are the evidence that lenders verify before approving a loan. Generative artificial intelligence can now produce all three in formats that pass standard checks. Get the Full Story Complete the form to unlock this...
Retailers have spent two decades optimizing for traffic. The metric that shaped every SEO budget, every paid search bid and every social media campaign was volume: how many visitors arrived at the site. Shopify reported in a May blog post that artificial intelligence-referred shoppers on...
