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If you’ve been planning to buy Sony’s PlayStation 5, expect to pay a bit more.
“Similar to many global businesses, we continue to navigate a challenging economic environment,” the tech company wrote in a company blog post Wednesday (Aug. 20). “As a result, we’ve made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the U.S. starting on Aug....
Tech companies are reportedly continuing to press the White House and Congress to pass legislation that would block states from regulating artificial intelligence.
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After an attempt to attach a 10-year ban to President Donald Trump’s tax legislation failed in June, industry lobbyists aim to attach it to future legislation, Bloomberg reported Thursday (Aug. 21).
In July,...
DeepSeek said its new artificial intelligence model released this week surpasses its flagship R1 tool in some ways.
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The launch of the V3.1 helps keep the Chinese company in the AI game as it prepares its latest iteration of its flagship model, Bloomberg reported Thursday (Aug. 21).
V3.1 returns answers to queries faster and is the first step to creating an AI agent, the...
A growing number of American companies plan to slow hiring in the latter half of this year.
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Twenty percent of employers say they’ll bring on fewer workers this year, The Wall Street Journal reported Thursday (Aug. 21), citing data from The Conference Board. That figure is almost twice the rate of companies that planned to slow hiring at this point in 2024.
According to...
Meta has reportedly paused hiring for artificial intelligence (AI) professionals following a massive recruitment drive.
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The freeze went into effect last week and is happening amid a wider restructuring of the AI division, the Wall Street Journal (WSJ) reported late Wednesday (Aug. 20), citing sources familiar with the matter. The length of the freeze was not clear, the...
They’re not just digital natives, they’re digital pragmatists. Gen Z has quietly rewritten how Americans shop, save, spend, hustle and heal, and the rest of the market is already catching up. “The Gen Z Decoder Ring,” from PYMNTS Intelligence, draws on 25,000+ consumer responses to decode the behaviors that make this generation of consumers look “different” and why those behaviors are the...
The digital landscape has seemingly leveled the playing field for online shopping across generations.
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However, what consumers are buying online continues to show some variations among generations, especially when it comes to spending on everyday necessities like groceries and on some discretionary items like restaurant meals.
The PYMNTS Intelligence report “eCommerce...
Gen Z and millennials aren’t just shunning credit cards, they’re helping rewrite how loyalty is earned, with debit emerging as the next way for brands to capture wallet share.
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For decades, loyalty meant co-branded credit. Airlines, hotel chains and retailers leaned on cards like Delta SkyMiles or Amazon Prime Visa to reward repeat spending. But the PYMNTS Intelligence...
Watch more: Logistics May Decide How Well Small Businesses Manage Tariff Turmoil
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When tariffs hit small- to medium-sized businesses (SMBs), the impact isn’t a ripple. It’s a gut punch.
SMBs don’t have the resources, capital or leverage to do much about the supply chain pressures that they’re feeling today. However, Growth Catalyst Group CEO Manish Kapoor told PYMNTS CEO...
What happens when a simple request becomes a done deal? When prompts replace buy buttons and commerce moves at the speed of a conversation?
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Agentic AI is moving commerce beyond clicks and taps to a world where prompts drive purchases. In our latest release, PYMNTS Intelligence, in collaboration with Visa, dives into the world of agentic AI and how it will change...