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OpenAI, the artificial intelligence company backed by Microsoft, is reportedly planning to announce its own search product to compete with Google, according to sources familiar with the matter. The announcement is expected to be made on Monday, just a day before Google’s annual I/O conference.
OpenAI’s new product is an extension of its flagship ChatGPT product, which is a chatbot that uses AI...
As the primary transporters of goods in the U.S., truck drivers play a crucial role in the country’s supply chain. Even so, the turnover rate among this group is high, and keeping them on the road is difficult. The result could be transportation shortages. One reason for the high turnover is that truck drivers often supply their own trucks and have to pay for maintenance and gas out of pocket...
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing.
As FIs have struggled to unlock flexible payment options to their customers during the purchase journey, their more agile competitors have made it their value proposition. In contrast, FIs’ offerings typically focus on post-purchase installment plans...
As retail behemoths Amazon and Walmart compete for consumers’ spending, both are turning to video streaming ads to open up new sales opportunities and drive conversion.
On Wednesday (May 8), Disney Advertising announced a partnership with Walmart Connect, the superstore chain’s retail media platform, to enable targeted advertising using the retailer’s data.
“Combining Walmart’s unique omnichannel...
Earnings were everywhere this past week, driving the FinTech IPO Index 4% higher through a volatile week of trading.
Buy Now, Pay Later Momentum
Sezzle shares soared 52%. The company’s latest results detailed that income growth was 35.5% year over year (YoY), while total subscribers surged to 371,000 from 142,000 a year ago. Quarterly purchase frequency was up 1.5 times on average to 4.5 times...
Digital transformation continues to fundamentally reshape the financial industry, promising unparalleled convenience through advancements such as artificial intelligence (AI), open banking and real-time payments. It also opens doors to both emerging and evolving types of fraud. Indeed, delivering the seamless, innovative digital banking experiences consumers demand is challenging enough, but...
Priority Technology Holdings is seeing widespread demand for its suite of services that include both software-as-a-service (SaaS) payments and banking.
The company recorded strong performance in each of its three business segments, Tom Priore, chairman and CEO of Priority Technology Holdings, said Thursday (May 9) during the company’s quarterly earnings call.
“Maintaining the momentum we...
TabaPay has reportedly ended its planned acquisition of bankrupt FinTech company Synapse.
A TabaPay spokesperson told TechCrunch on Thursday (May 9) that the company had “pulled out” of the deal and had sent “termination notice of the purchase agreement this morning based on failure to meet the purchase agreement closing conditions,” the publication reported Thursday.
Synapse Co-Founder and CEO...
In response to a recent cyberattack that exposed the data of 100 million Americans, the Biden administration reportedly intends to require hospitals to meet minimum cybersecurity standards.
Deputy National Security Advisor for Cyber and Emerging Technology Anne Neuberger said Thursday (May 9) at the Bloomberg Tech Summit that the administration plans to issue a notice of proposed rulemaking in...
Oracle has reportedly encountered obstacles in its ambitious plans for electronic medical records company Cerner, which it acquired for $28 billion in December 2021.
The company has lost several major clients since the acquisition, its focus has shifted from innovative product ideas to upgrading legacy systems, and its engineers have been taken aback by the effort required to implement changes...