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Nvidia and Perplexity partnered to facilitate the deployment of sovereign artificial intelligence models across Europe and the Middle East.
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The project will aid in the deployment of AI models that reflect the regions’ languages and cultures and store the data locally, the companies said in separate Wednesday (June 11) announcements.
The first European models are...
The Bank of Japan (BOJ), Japan’s central bank, is reportedly looking to digital currencies as its citizens go cashless.
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While the country has long adhered to a “cash is king” ethos, the share of cashless payments in Japan jumped from 13.2% in 2010 to 42.8% last year, Reuters reported Wednesday (June 11), citing government data.
Japan has trailed other countries in...
Nvidia CEO Jensen Huang is turning his attention to the next critical enabler of the artificial intelligence (AI) revolution: quantum computing.
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“There’s an inflection point happening in quantum computing,” Huang said Wednesday (June 11) at the Viva Tech 2025 conference in Paris. “It is clear now we’re within reach of being able to apply quantum classical computing in...
Credit union service organization Velera has debuted a new account validation function.
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This tool, announced Wednesday (June 11), is available across Valera’s online, digital and mobile channels, letting the group’s credit unions process payments across the ACH network in real time.
“By enabling real-time account validation, Velera is helping credit unions streamline...
Cara Petersen, acting enforcement director of the Consumer Financial Protection Bureau, resigned from her post.
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Petersen said CFPB leadership under President Donald Trump “has no intention to enforce the law in any meaningful way,” Reuters reported Tuesday (June 10), citing an email it saw.
“I have served under every director and acting director in the bureau’s history...
Cryptocurrency exchange Bullish has reportedly resurrected its plans to go public.
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The company has confidentiality filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), according to a Wednesday (June 11) Financial Times (FT) report citing two sources familiar with the matter.
PYMNTS has contacted Bullish for comment...
The head of America’s largest bank has a gloomy forecast for the U.S. economy.
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“I think there’s a real chance numbers will deteriorate soon,” J.P. Morgan Chase CEO Jamie Dimon said in reference to indicators like the labor market Tuesday (June 10), noting major upheaval in things such as trade and global politics.
“There’s a lot of moving parts,” said Dimon, whose...
They account for 40% of consumers worldwide and will represent 31% of the workforce by 2030. With current purchasing power standing at $450 billion and expected to reach $12 trillion within five years, Generation Z — the demographic born between 1997 and 2012 — is reshaping how banks and FinTechs attract and retain customers.
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This digitally-native group prefers FinTech...
The pressure is on marketing teams today drive digital success without delivering spam.
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Against a backdrop of digital saturation, where inboxes are bombarded and brand fatigue is real, that is the fundamental question that persists: What if marketing could finally feel more human again?
“Marketing that actually adds value to the consumer’s life versus just sort of, ‘...
Businesses wrestling with sluggish cash flow and escalating fraud are increasingly looking to digital payment solutions, according to a recent PYMNTS Intelligence report highlighting the challenges of legacy methods.
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The report, titled “Virtual Cards Boost Commercial Payment Speed and Security,” examines how traditional business-to-business (B2B) and other commercial...