Ai news and trends

51% of Consumers Seek AI-Powered Shopping Experiences, With Younger Shoppers Leading the Way

November 07, 2024
woman in retail store with tablet
UK Launching Platform to Boost Business Trust in AI
artificial intelligence // November 06, 2024

The U.K. is providing a platform to help businesses assess and mitigate the risks associated with artificial intelligence (AI) as its use becomes more widespread. A press release from the U.K. government Wednesday (Nov. 6) described the AI safety assurance platform as a “one-stop-shop” for...

AI Startup Lands $400 Million to Make Robots Handle Objects More Like Humans
artificial intelligence // November 06, 2024

With a fresh infusion of $400 million from Jeff Bezos and other investors, startup Physical Intelligence aims to give robots a human’s delicate touch, promising to reshape how businesses handle objects in warehouses and stores. The technology addresses a barrier that has long prevented widespread...

AI Startup Perplexity Set to Reach $9 Billion Valuation
artificial intelligence // November 05, 2024

Perplexity, an artificial intelligence (AI)-powered search engine, is set to triple its valuation from a few months ago following its latest funding round. The company is due to raise $500 million in its fourth funding round this year, according to a Tuesday (Nov. 5) report...

Yum! Brands Says It Took 2 Million Voice AI Orders in Q3
Restaurant innovation // November 05, 2024

In its Q3 earnings call on Tuesday (Nov. 5), Yum! Brands pointed to the more than 2 million orders through voice AI at its Taco Bell restaurants as an example of how its brands use tech to reach consumers. Yum! Brands is the parent company...

Interviews & Exclusives
51% of Consumers Seek AI-Powered Shopping Experiences, With Younger Shoppers Leading the Way

November 07, 2024
Consumer expectations around shopping are changing, with higher demand for personalized, artificial intelligence (AI)-driven experiences that offer convenience, customization and efficiency. A PYMNTS Intelligence report, “Getting to Know You: How AI Is Shaping the Future of Shopping,” explores how retailers are responding by integrating AI into every stage of the customer journey, from personalized recommendations […]

Tech Giants Bet Big Spenders Will Use Their Cameras Instead of Search to Find What...

November 05, 2024
Google’s deployment of artificial intelligence (AI)-powered visual search tools signals Silicon Valley’s broader push to retrain consumers to find information through images rather than keywords and text. The shift toward...

Paper Check Fraud’s Weakest Link Is … the Paper Check

November 05, 2024
Given the chance, most consumers will choose digital payments over paper checks. Yet the check endures, expensive to make and mail and manage, and they often sit uncashed at the...

78% of CFOs View AI Integration as Crucial for Accounts Payable

November 05, 2024
As businesses adapt to a digital environment, many accounts payable (AP) departments are still using outdated practices. With rising business-to-business (B2B) payment volumes and cumbersome manual systems still in place,...

Quick Reads
UK Launching Platform to Boost Business Trust in AI

November 06, 2024
The U.K. is providing a platform to help businesses assess and mitigate the risks associated with artificial intelligence (AI) as its use becomes more widespread. A press release from the U.K. government Wednesday (Nov. 6) described the AI safety assurance platform as a “one-stop-shop” for guidance and resources to equip businesses to conduct their own […]

AI Startup Perplexity Set to Reach $9 Billion Valuation

November 05, 2024
Perplexity, an artificial intelligence (AI)-powered search engine, is set to triple its valuation from a few months ago following its latest funding round. The company is due to raise $500...

Apple: New Products May Lower Overall Profit Margins

November 05, 2024
Big Tech firm Apple is warning investors that its newest lines of products may not live up to the success of its iPhones. This comes as it ventures into new...

Physical Intelligence Raises $400 Million to Develop Robot Software

November 04, 2024
Robotics startup Physical Intelligence has reportedly raised $400 million in early-stage funding. The funding round, which included participation from Amazon founder Jeff Bezos and OpenAI, values the company at $2 billion, Reuters reported Monday...