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Microsoft and OpenAI are reportedly in advanced talks on a deal that would give Microsoft continued access to OpenAI’s technology after that company achieves artificial general intelligence (AGI).
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Under the companies’ current deal, Microsoft would lose access to any new technology from OpenAI when that company’s board determines it has developed AGI, Bloomberg reported...
Peloton is reportedly launching a national expansion of its bikes/treadmill resale marketplace.
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A pilot version of this program yielded about three dozen sales in the last two months, and now the connected fitness company is expanding the marketplace on a national scale, Bloomberg News reported Tuesday (July 29).
The Repowered Marketplace, first announced in June, lets...
Intuit has introduced updated automated accounting features for its QuickBooks product.
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The new enhancements are designed to offer companies the use of artificial intelligence (AI) automation to help eliminate the use of “multiple disconnected tools,” Intuit said in a news release Tuesday (July 29).
“As businesses grow in size and complexity, we know that they need a...
Cash App has begun rolling out a new feature designed to facilitate group payments for things like vacations and wedding gifts.
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Dubbed “Pools,” the new peer-to-peer payment feature allows users to create a pool, request contributions within the app or by sending a text or a link, track the contributions, close the pool at any time and transfer the balance to their Cash...
Navan announced Tuesday (July 29) that it has partnered with American Express to offer unique virtual card numbers with embedded expense controls for U.S. business and corporate cards.
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When travelers make bookings with their American Express card on Navan, a travel booking and business expense platform, their real card numbers won’t be used. Instead, new numbers linked...
With sales falling, Apple is reportedly closing a store in China for the first time.
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Apple’s store at the Parkland Mall in Dalian City will close Aug. 9, Bloomberg News reported Tuesday (July 29), citing a statement from the company which said a changing landscape at the shopping complex was behind the decision.
According to Bloomberg, Apple has around 56 stores in the...
Watch more: Need to Know: Trulioo
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A shopping journey that begins when a consumer hears about a product on a livestream and ends in a completed purchase without ever opening a browser is no longer a futuristic scenario. Agentic artificial intelligence (AI) makes it possible for software agents to fill a shopping cart, transfer funds, approve invoices and complete...
It’s easy to romanticize modern commerce: Tap a screen, and in hours or even minutes, groceries, gadgets and garments appear at your door. But behind that magical moment is a brutal, complex dance of logistics that most retailers are still fumbling to master.
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Retailers love to admire Amazon, but few have internalized the lessons behind its logistics success, leaving...
Watch more: FIS: Customer Retention Emerges as Key Growth Strategy Amid Uncertainty
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Rising capital costs, tighter regulatory scrutiny and fragmented global trade are battering the business environment.
It’s against this backdrop that financial technology companies are under pressure to do something counterintuitive: grow without spending.
“Customers want innovation, but...
Watch more: i2c: Client Engagement and ‘Thoughtful Acceleration’ Key to Navigating Uncertainty
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In times of uncertainty, there’s often only one acceptable direction for businesses: forward.
“Money must keep flowing,” David Durovy, senior vice president transformation at i2c, told PYMNTS during a discussion for the “What’s Next in Payments: Trade Offs” series.
The broader...