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Meta is reorganizing its generative artificial intelligence team to accelerate rollouts of products and features as the AI race intensifies.
Meta is splitting the team into two groups, according to reports by Axios and The Information. One group will be focused on products and led by Vice President of Product Connor Hayes. The other group will be an AGI Foundations unit co-led by Head of GenAI...
Walmart added digital tools on its website and app that are designed to help select customers identify over-the-counter (OTC), food and wellness products that can be purchased with their Medicare Advantage supplemental benefits.
The tools include a “benefits program eligible” badge on eligible products, the ability to filter search results to include benefits-eligible items, and a benefits...
Payment tech company Global Payments is selling its payroll business for $1.1 billion.
Global Payments will divest payroll operations to Michigan-based FinTech Acrisure, according to a Wednesday (May 28) press release.
“The divestiture of its payroll business is the latest step Global Payments has taken to further simplify its business and position the company as a leading pure-play commerce...
Artificial intelligence (AI) infrastructure firm Chalk is halfway to being a billion-dollar company.
The startup announced Wednesday (May 28) that it had raised $50 million in a Series A round, valuing the company at $500 million.
“This funding marks a huge milestone and a powerful validation of our vision for real-time AI infrastructure,” Marc Freed-Finnegan, Chalk’s co-founder/CEO, wrote on the...
JPMorganChase is accelerating the rollout of the affluent banking offering it introduced late last year.
Two of these J.P. Morgan Financial Centers opened in late 2024, and now 14 more will officially open this week, the bank said in a Tuesday (May 27) press release.
The bank plans to continue adding J.P. Morgan Financial Centers and to have 31 in operation by the end of 2026, according to the...
Anthropic has begun rolling out voice mode in beta for its artificial intelligence (AI) assistant, Claude.
“Try starting a voice conversation and asking Claude to summarize your calendar or search your docs,” the company said when announcing the feature in a Tuesday (May 27) post on X.
Voice mode in beta is available in English and is coming to all the company’s subscription plans “in the next...
Apple has extended Tap to Pay on iPhone to eight more European countries.
The feature, which enables merchants to use an iPhone to accept in-person contactless payments, was launched Tuesday (May 27) in Belgium, Croatia, Cyprus, Denmark, Greece, Iceland, Luxembourg and Malta, Apple said in a Tuesday press release.
With an iPhone and a partner-enabled iOS app, businesses can accept payments from...
The recent spate of executives and companies using AI avatars to interact with investors and clients poses this question: What are the regulatory implications of using one’s digital doppelganger for business?
Last week, Klarna CEO Sebastian Siemiatkowski used his AI avatar to deliver the company’s first-quarter earnings highlights. He did disclose that it was his avatar speaking, and not himself...
Citi Handlowy, a Polish banking business that is majority-owned by a Citigroup subsidiary, plans to sell its consumer banking business to VeloBank S.A., a Poland-based universal bank.
The transaction, which is expected to close by mid-2026, subject to customary conditions, is the latest of the sales and wind downs of international consumer businesses announced by Citi as part of its strategic...
Apple reportedly plans to add a dedicated app for video games to its devices in the next versions of its operating systems, which are set to be released in the fall.
The company will preinstall the app on the iPhone, iPad, Mac and Apple TV, Bloomberg reported Tuesday (May 27), citing unnamed sources.
Apple did not immediately reply to PYMNTS’ request for comment.
The company’s new app will serve...