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Amazon is developing a smartphone that will integrate artificial intelligence capabilities and sync with the company’s voice assistant Alexa, Reuters reported Friday (March 20), citing unnamed sources.
Known internally as “Transformer,” the phone will offer personalized features that will enhance the Amazon shopping experience and services such as Prime Video and Amazon Music,...
OpenAI is preparing a new push to make ChatGPT more central to how people work on their computers. It plans to combine its ChatGPT app, Codex coding platform and browser into a desktop “super app.” According to The Wall Street Journal, the move is meant to simplify the user experience while helping the company sharpen its focus on engineering and business customers at a moment when competition in...
Know your customer (KYC) and know your business (KYB) remain the first formal barrier between legitimate commerce and organized fraud, yet their durability depends on how they are operationalized across the enterprise.
Zac Cohen, chief product officer at Trulioo, said too many organizations still rely on episodic controls. “It’s still treating it as a one-time ‘check the box,’” he told...
Tokenization is evolving into a structural layer that allows commerce to proceed without a visible checkout.
The shift anchored “The Prompt Economy Tracker® Series: Tokens, Trust and Transactions,” a PYMNTS Intelligence and Visa collaboration that examined how payment tokenization enables agents and wallets to transact without exposing underlying card numbers.
The report framed...
For many consumers, pay later is shifting from a checkout convenience to a budgeting tool.
The biggest drivers of the shift are millennials and their slightly older counterparts, who are using installment plans and buy now, pay later (BNPL) services more often than other generations.
That trend appeared in “The Pay Later Ecosystem Report: Pay Later Moves Into the Monthly Budget,” a...
Every payday, millions of American workers face some version of the same problem: The bill is due today, the paycheck arrives Friday and they must somehow cover the distance between those two moments.
For Labor Economy workers—the warehouse associates, delivery drivers, caregivers, cooks and retail staff who collectively drive more than $1.7 trillion in annual consumer spending—that...
Watch more: What’s Next in Payments With Spreedly’s Adam Hiatt
The fraud economy has always been adaptive. For every 12-foot wall that a firm stands up, fraudsters have tried to find a corresponding 13-foot ladder.
But the rise of generative artificial intelligence (AI) and synthetic media has pushed the contest between merchants and attackers into a dramatically new phase.
“If a human...
Cue the “2001: A Space Odyssey” theme: Human lives have always been shaped by new technology. You can track it (pardon the pun) from railroads to the internet to smartphones. Now, artificial intelligence is the latest tool transforming the way we live.
AI adoption just crossed an important line. Between December and January, the share of U.S. adults using AI for personal reasons leaped...
Amazon has acquired RIVR, a company that uses physical artificial intelligence and wheeled-legged robots to automate doorstep delivery.
RIVR CEO and Co-Founder Marko Bjelonic announced the acquisition in a Thursday (March 19) post on LinkedIn, and several media reports said an Amazon spokesperson confirmed the deal.
“This step will accelerate our vision of building General Physical AI...
Goldman Sachs is set to begin a series of small layoffs that will continue through the summer and impact all of its business lines, Seeking Alpha reported Thursday, citing a paywalled article by Business Insider.
While the bank has traditionally performed a single headcount reduction called a “Strategic Resource Assessment” in the spring, it is now allowing business-line leaders to...