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Apollo Global Management is reportedly working with five banks, including JPMorgan Chase...
The Trump administration reportedly asked the U.S. Court of Appeals to overturn a Wednesday (May 29) court ruling that largely blocked its tariffs and will take the case to the U.S. Supreme Court if the appeals court does not do so.
The Justice Department said in a Thursday court filing that the Wednesday decision by the U.S. Court of International Trade intrudes upon President Donald Trump’s...
Paying with crypto is a logistics problem, and that logistics problem creates a user experience bottleneck. Stablecoins want to solve that, but can they?
“People hold their assets in crypto, but ‘pay with bitcoin’ is so 2019. Merchants don’t want to accept it, they want to accept stablecoins,” Mesh CEO and Co-founder Bam Azizi told PYMNTS during an interview at Stablecon. “The crypto market cap...
Microsoft has unveiled the Agent Store, a centralized marketplace where users can “shop” for AI agents tailored for specific tasks.
Integrated into Microsoft 365 Copilot, the Agent Store serves both developers and non-technical users who want to use artificial intelligence (AI) agents to streamline workflows, automate tasks and enhance productivity across the workplace.
“The Agent Store is your...
The New York Times (NYT) Company has signed a multiyear, artificial intelligence-focused licensing agreement with Amazon.
The new arrangement will bring NYT editorial content to a “variety of Amazon customer experiences,” the media company said in a news release Thursday (May 29).
“This broadens the companies’ existing relationship and will bring additional value to Amazon customers and bring...
Money movement company TerraPay launched a partnership with Wave Mobile Money.
The collaboration is designed to enhance cross-border remittance services in West Africa by allowing Malians to receive money from family and friends abroad directly into their Wave mobile wallets, according to a Thursday (May 29) press release.
“Over 80% of Mali’s population uses mobile phones, with many using them...
Tariffs are in limbo. GDP is shrinking. CEOs are pessimistic. And consumers are caught in the middle of all the uncertainty, buffeted by rising prices and an uncertain employment picture.
On Thursday (May 29), the Bureau of Economic Analysis released its latest estimate of GDP – and noted only a slight revision to the decline in the economy. GDP shrank at an annualized 0.2% pace, a bit better...
Chinese artificial intelligence startup DeepSeek upgraded its open-source reasoning model R1 to perform nearly at par with the best models from OpenAI and Google.
In a post on code repository Hugging Face, DeepSeek said its R1-0528 model underwent a “minor version upgrade” that led to “significantly improved” reasoning and inference capabilities.
DeepSeek boosted the model by using more...
Grammarly announced $1 billion in financing from General Catalyst’s Customer Value Fund (CVF), saying it will use the financing for product innovation, scaling its sales and marketing, and making strategic acquisitions.
The announcement came about five months after Grammarly acquired artificial intelligence productivity tool maker Coda, integrated the two companies and evolved into an AI...
Airlines JetBlue and United have teamed to merge aspects of each other’s loyalty programs.
The partnership, dubbed “Blue Sky,” is designed to make it easier for travelers to find flights, JetBlue said in a Thursday (May 29) news release.
It also lets them earn and use points from United’s MileagePlus program and JetBlue’s TrueBlue program across both airlines.
“This collaboration with United is a...