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Home furnishings giant Wayfair is leaning into artificial intelligence (AI) amid an uptick in revenues.
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The company on Monday (Aug. 4) reported earnings showing revenue of $3.3 billion for the quarter, a 5% increase and Wayfair’s strongest metrics in four years.
CEO Niraj Shah attributed the company’s gains in part to a recommitment to technology-driven innovation,...
Anthropic reportedly blocked OpenAI’s access to its models due to a terms-of-service violation.
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The incident involving the rival artificial intelligence startups happened Tuesday (July 29), Wired reported Friday (Aug. 1), citing unnamed sources.
“Claude Code has become the go-to choice for coders everywhere, and so it was no surprise to learn OpenAI’s own technical...
Tariffs and a decline in tourism in Japan and Europe are reportedly hurting the luxury sector.
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That’s according to a report late Sunday (Aug. 3) by the Financial Times (FT), which notes that LVMH, Prada and Moncler were all dealing with a decline in spending from American travelers in Europe and by Chinese visitors to Japan.
Those tourists had helped drive sales in both...
From Wall Street boardrooms to Silicon Valley’s open-plan war rooms, companies as diverse as SoFi, Coinbase, Visa, PayPal and Robinhood all sounded the same note during their financial earnings calls for the second quarter of 2025: Stablecoins are reshaping cross-border payments.
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For much of the past decade, cryptocurrency and traditional finance operated in parallel....
Apple reportedly held a rare companywide meeting last week to cover its investment in artificial intelligence (AI).
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At the meeting Friday (Aug. 1), CEO Tim Cook expressed a positive outlook about Apple’s AI future, The Information reported. Sources familiar with the meeting said Cook told workers that Apple has “exciting” plans for AI that he wasn’t able to discuss.
As...
Pharmaceutical companies are increasingly turning to telehealth platforms for direct-to-consumer drug sales.
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That’s according to a report Monday (Aug. 4) from Axios, which notes that this effort is happening as President Donald Trump is urging more companies to adopt the practice.
Trump wrote last week to the chief executives of 17 pharmacy companies, giving them 60...
HelloFresh is reportedly investing $70 million on a major expansion of its meal-kit service.
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This funding will more than double the number of meals offered by the company, and enhance its use of artificial intelligence (AI) to make deciding on recipes easier, Bloomberg News reported Monday (Aug. 4).
The goal is to bolster brand loyalty and attract customers as inflation...
Bank of America’s CashPro platform is undergoing a transformation, fueled by artificial intelligence (AI), real-time data and digital capabilities.
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This has contributed to CashPro netting more than 40,000 corporate and commercial clients around the world. The global treasury management platform now supports everything from mobile-based biometric logins to self-service...
Watch more: The Future of B2B Payments Is Embedded, Not Just Digital
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B2B payments are the financial plumbing of the global economy. But beneath their surface of invoices, checks and ACH files lies a storm of complexity.
While consumer payments dazzled with tap-to-pay and instant apps, B2B stayed stubbornly analog. Today, as interchange fees rise, check fraud balloons...
Financially stressed individuals now form the majority of credit union (CU) membership. While credit unions consistently outperform retail banks in satisfaction, trust and service, the edge diminishes for members grappling with financial instability, as PYMNTS Intelligence and Velera found in a recent Credit Union Tracker.
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For credit unions to reaffirm trust, inclusion...