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The July retail sales report showed solid spending overall, but a deeper dive into category-by-category spending reveals a bit of give and take.
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The households budgets in the paycheck-to-paycheck economy are still pinched, and consumers used July to stock up in a few key discretionary categories while dialing back on dining out.
The Census Bureau’s data, released...
The cryptocurrency industry has matured from garage-hack experiments to a trillion-dollar asset class with global implications.
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Yet, behind the scenes, one stubborn obstacle, the institutional custody gap, remains.
This isn’t just about securing private keys. It’s about building a custodial system that institutional players can trust and that regulators can accept....
Citigroup is reportedly considering getting involved in stablecoins.
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The bank is exploring providing stablecoin-powered payments as well as custody services for the assets that back stablecoins and crypto-related investment products, Biswarup Chatterjee, global head of partnerships and innovation for Citigroup’s services division, told Reuters in a report posted...
Peloton plans to roll out new AI features as soon as October, OpenAI rival Cohere raises $500 million and Anthropic offers Claude to the federal government for $1. PYMNTS breaks it down.
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AI’s Reach Is Limited in Search for a Cancer Cure
Silicon Valley leaders like Google DeepMind’s Demis Hassabis and Anthropic’s Dario Amodei have predicted artificial intelligence (AI)...
Cognition reportedly raised $500 million in a funding round to support its artificial intelligence (AI) software code generation products.
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The round doubled the company’s valuation to $9.8 billion, The Wall Street Journal (WSJ) reported Thursday (Aug. 14), citing an unnamed source and a document filed with the State of Delaware.
Cognition did not immediately reply to...
Investors in Germany’s most valuable FinTech, N26, are pushing to remove its co-founders from executive roles and install the bank’s supervisory board chair as interim co-chief executive, the Financial Times reported, citing people familiar with the matter.
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According to the FT, under a proposed deal, co-CEOs Valentin Stalf and Max Tayenthal would step down by year-end,...
It was Aristotle who said: “The roots of education are bitter, but the fruit is sweet.” It could be a headline for the latest paycheck-to-paycheck study from PYMNTS, which found a mix of regret and pride among the parents and students who have gone into debt to finance their education.
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It’s an issue that has been in the headlines lately. Federal student-loan payments...
Amazon and Walmart occupy overlapping territory in retail but dominate in very different ways, largely because they’ve built their empires around different strategic identities.
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Amazon is viewed as a technology powerhouse that happens to sell products; Walmart is seen as an efficient and omnipresent retailer. One is rooted in code, cloud servers and literal satellite...
Google’s Gemini app now allows users to tell it to remember or to forget past chats.
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The company began rolling out these features for the artificial intelligence (AI) assistant today and will continue to do so over the coming weeks, it said in a Wednesday (Aug. 13) blog post.
“Today we’re updating the Gemini app so it becomes an even more personal, proactive and...
Anthropic has expanded the size its prompt window for Claude Sonnet 4 to accommodate one million tokens, or roughly 750,000 words.
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That’s up five-fold from prior limits. This larger context window can be accessed directly from Anthropic through its application programming interface (API) or Amazon Bedrock.
The extended context window allows Claude to process far larger...