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A U.S. federal judge rejected Tesla, SpaceX and X CEO Elon Musk’s attempt to throw out OpenAI’s claims that he waged a “years-long harassment campaign” against the company he helped start in 2015 and later left.
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In a Tuesday (Aug. 12) ruling, U.S. District Judge Yvonne Gonzalez Rogers of the Northern District of California said OpenAI’s allegations were strong enough to...
Mark Twain once remarked that there are “lies, damned lies, and statistics.” A century later, the line still gets a chuckle. Not because statistics are inherently dishonest, but because we all recognize their power.
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Data has always shaped how people understand the world and decide what to do next. For most of history, the limitation wasn’t whether data had value, but...
Beyond the Credit Card Paradigm
For decades, co-branded credit cards have been the gold standard in loyalty marketing. Think of the familiar names: Delta SkyMiles from American Express, Amazon Prime Visa or Marriott Bonvoy Boundless. Such partnerships between banks and consumer brands have become synonymous with customer engagement, rewarding cardholders for their loyalty and making brands...
Consumers demand speed and flexibility from their financial transactions. They’re moving away from traditional bank transfers toward more immediate and accessible options.
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In the PYMNTS Intelligence report “Instant Payouts: The New Paycheck for a Real-Time Economy,” a collaboration with Ingo Payments, responses from more than 4,000 individuals indicated that digital...
With this week’s news that optimism has returned to small- to medium-sized businesses (SMBs), we took a look at its roots.
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While attention often focuses on the growing disparity in outlook between urban and rural SMBs, new PYMNTS data reveals a persistent, nuanced optimism across the entire sector, even as core economic anxieties unite businesses regardless of location...
CarParts.com CEO David Meniane led the company’s Tuesday (Aug. 12) earnings call by saying that it remains engaged in exploring strategic alternatives and is “highly confident” that it is nearing completion of this process.
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“We’re currently evaluating several different transaction structures, including a potential sale of the company and strategic investments that we...
The Russian government is allegedly “at least in part responsible” for a data breach targeting the U.S. court filing system, PACER.
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The hackers searched for “midlevel criminal cases” in several jurisdictions, including New York City, TechCrunch reported Tuesday (Aug. 12), citing a paywalled article by The New York Times that is based on anonymous sources.
The report...
OpenAI is reportedly in talks to invest in a new venture that aims to connect human brains with computers.
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The venture, Merge Labs, seeks to raise $250 million at an $850 million valuation, and much of the funding is expected to come from OpenAI’s venture team, the Financial Times (FT) reported Tuesday (Aug. 12), citing unnamed sources.
OpenAI CEO Sam Altman has...
Securities and Exchange Commission (SEC) Commissioner Hester Peirce reportedly said Tuesday (Aug. 12) that the market will determine the winners among different forms of tokenized securities and other real-world assets.
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During an interview with Bloomberg Television, Peirce said that the SEC is “willing to work with people who are taking different approaches,” Bloomberg ...
Paysafe’s shares leaped on the heels of earnings Tuesday (Aug. 12) that noted organic growth in eCommerce and digital wallets-related revenues, while transactions were higher by double digits.
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The earnings materials stated that the enterprise growth and sales pipelines are “robust,” and transaction volumes were 10% higher year on year to $41.8 billion.
CEO Bruce...