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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...
Exodus said Thursday (May 29) that Worldpay supplies the card payment capabilities used in its new solution that allows consumers to use a debit or credit card to purchase cryptocurrencies directly within Exodus’ self-custodial crypto wallet.
Exodus announced the launch of this service, XO Pay, Tuesday (May 27), saying the service allows customers to buy and sell cryptocurrencies without using...
Victoria’s Secret’s website remained shut down Thursday (May 29) morning following a security incident.
“We have taken down our website and some in-store services as a precaution,” the apparel retailer said in a message posted to its website.
“Our team is working around the clock to fully restore operations. We appreciate your patience during this process. In the meantime, our Victoria’s Secret...
Bank fraud in India nearly tripled during 2024, according to the country’s central bank.
In its annual report Thursday (May 29), the Reserve Bank of India (RBI) recorded 360 billion rupees ($4.2 billion) in fraud for the year that ended on March 31, up from 122.3 billion for the same period last year.
“Frauds have occurred predominantly in the category of digital payments (card/internet) in terms...
A federal court has largely blocked White House tariffs following a lawsuit by Democrat-led states.
The ruling, handed down by the U.S. Court of International Trade Wednesday (May 28), suspends the bulk of the tariffs, including the fentanyl-related tariffs on Canada, China and Mexico, the higher duties on goods from China and other countries, and the global flat tariff.
In making this ruling,...