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About two years ago, Jony Ive’s son was so enthralled with OpenAI’s ChatGPT that he told his dad, “You’ve got to meet Sam.”
That would be OpenAI CEO Sam Altman and Ive, the former chief design officer at Apple and a protégé of Steve Jobs. The two had a meeting, agreeing that a new generation of devices were in order for the AI era.
In a Wednesday (May 21) video, Altman and Ive talked about how...
Supply chain risk management platform Tradeverifyd raised $4 million in new funding.
The financing, from SJF Ventures, will help Tradeverifyd invest in its go-to-market team to meet the demand for its agentic artificial intelligence-powered solution, the company said in a Wednesday (May 21) news release.
“Global supply chains are experiencing significant disruption due to tariffs, increased...
Shopify has introduced a tool that lets merchants create online stores by entering descriptive keywords.
The Canadian eCommerce platform’s “AI Store Builder” was announced Wednesday (May 21) along with a series of other new features.
This offering uses artificial intelligence (AI) to generate store layouts with text and images using merchant-provided keywords, helping them cut back on the time...
Authentication software company Entersekt has launched a partnership with South Africa-based PayTech solution provider Stanchion.
The partnership is aimed at “enhancing payment integration capabilities and delivering cutting-edge solutions to financial institutions worldwide,” the companies said in a Wednesday (May 21) news release.
The collaboration combines Stanchion’s tools for “modernizing,...
Google on Wednesday (May 21) unveiled a slew of artificial intelligence (AI)-powered tools to help brands drive growth in shopping and ad effectiveness.
“The future of advertising fueled by AI isn’t coming — it’s already here,” said Vidhya Srinivasan, vice president and general manager of Google Ads and Commerce, at Google Marketing Live 2025. “We’re reimagining the future of ads and shopping.”...
New rules for cryptocurrency could be around the corner in the U.S., and in many ways the industry is already preparing for its fully-mainstream debut. There are few more telling signs of the shift the crypto landscape has undergone than the fact that JPMorgan Chase, as of Monday (May 19), now offers its clients access to bitcoin.
“I don’t think you should smoke, but I defend your right to smoke...
One of OpenAI’s future data centers has reportedly secured $11.6 billion in funding commitments.
The center, set to become the ChatGPT maker’s largest, is being constructed in the Texas community of Abilene by the startup Crusoe and is critical to boosting OpenAI’s computing power, the Wall Street Journal (WSJ) reported Wednesday (May 21).
Crusoe told the news outlet that the funding, a mix of...
Target reported a 3.8% decrease in comparable sales for the first quarter and said it expects to see a low single-digit decline in sales for fiscal 2025.
“In the first quarter, our team and our business faced an exceptionally challenging environment that affected our performance with declines in both traffic and sales, most notably in our discretionary categories,” Target Chair and CEO Brian...
More than 140 organizations are asking U.S. House leaders to reject a proposed 10-year freeze on state-level regulation of artificial intelligence (AI), saying it would remove corporate accountability for any harms arising from the technology.
According to The Hill, the group sent a letter this week to House Speaker Mike Johnson, R-La., House Minority Leader Hakeem Jeffries, D-N.Y., and other...
FinTech company FIS teamed with Kipp, a collaboration platform for card issuers and merchants.
The partnership introduces what FIS called a non-sufficient funds (NSF) authorization tool for debit card issuers, according to a Wednesday (May 21) press release.
“This first-to-market offer is designed to combat the long-standing challenge of declined transactions due to insufficient funds, which can...