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Move over, white-gloved conservators.
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Artificial intelligence has entered the gallery, armed not with paintbrushes and solvents but with neural networks, gigapixels, and a stubborn refusal to take coffee breaks.
No, we’re not talking about an MIT student’s innovative face mask for paintings (although, yes, that’s still trending in our analytics). AI is now behind the...
Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion.
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LVMH is discussing deals with multiple parties and could reach a deal soon, the Wall Street Journal (WSJ) reported Friday (July 25), citing unnamed sources.
LVMH did not immediately reply to PYMNTS’ request for comment.
According to the WSJ report, the company is known...
Anthropic is reportedly in talks on a funding round that would more than double its valuation, from the current $61.5 billion to more than $150 billion.
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The artificial intelligence startup is looking to raise at least $3 billion, and possibly as much as $5 billion, the Financial Times (FT) reported Friday (July 25), citing unnamed sources.
The talks are in their early...
Companies of all sizes are being deluged by vendors who want them to deploy the artificial intelligence (AI) trend du jour: AI agents.
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But most of the AI agent systems being sold today are not truly agentic, according to a report from business research and insights firm Gartner. According to the report, out of thousands of AI agent systems touted by vendors, only 130...
Law firm Labaton Keller Sucharow filed a securities class action lawsuit against FinTech and payments company Fiserv, alleging that it misled investors.
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The complaint centers on Fiserv’s payment gateway product Clover, Labaton Keller Sucharow said in a Thursday (July 24) press release.
Fiserv did not reply to PYMNTS’ request for comment.
According to the press release,...
The tokenization of shares of money market funds could help keep money market funds competitive with stablecoins while also creating new uses for them, according to JPMorgan Chase...
For open banking to function, traditional financial institutions and FinTechs must collaborate as data is passed from the traditional players to digital innovators, forging new products and services set on improving credit access, speeding payments and keeping customers loyal.
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Two critical considerations that have yet to be resolved — regulations and fees for data...
New orders for manufactured durable goods declined by 9.3% in June.
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Orders dropped by $32.1 billion to end the month at $311.8 billion, the U.S. Census Bureau said in a Friday (July 25) press release.
June’s drop in orders for durable goods followed a 16.5% increase in May and marked the second decline in three months, according to the release.
Transportation equipment...
The House Financial Services Committee said Thursday (July 24) that it advanced 16 bills to be considered by the full House of Representatives.
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The bills were advanced during a two-day full committee markup, the committee said in a Thursday press release.
“We marked up a broad range of bipartisan priorities that reflect our shared commitment to strengthening the...
Perhaps one of 2025’s most surprising events has been the legitimization of stablecoins within traditional finance.
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This legitimization is coming from the Oval Office, with this week marking the first in U.S. history with a clear regulatory framework for stablecoin issuers and crypto firms to operate under after the GENIUS Act was signed into law by President Donald...