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Artificial intelligence (AI) and cost-reduction caused American employers to cut 153,074 jobs last month.
That’s a 175% jump from October of 2024 and 183% higher than the 54,064 cuts announced in September of this year, per a Thursday (Nov. 6) report by outplacement and executive coaching company Challenger, Gray...
Apple is reportedly nearing a $1-billion-per-year deal with Google to power its long-awaited Siri upgrade.
That deal would give Apple access to a powerful 1.2 trillion parameter artificial intelligence (AI) model from Google, Bloomberg News reported Wednesday (Nov. 5), citing sources with knowledge of the matter.
After an evaluation period, the two tech giants are now finalizing an...
Watch more: Galileo’s Co-Branded Debit Card With Southwest Airlines
Debit is the payment method of choice for millions of Americans. PYMNTS Intelligence data shows that for their last in-store non-grocery purchase, 39.8% of consumers used a debit card, compared to 29% for credit. Yet even as cardholders increasingly favor using funds already in their accounts, debit users have largely...
In B2B payments, the distance between a decision and a dollar is shrinking fast.
Higher rates, cross-border volatility and software that now thinks for itself are pushing chief financial officers to swap static, quarterly reporting for real-time orchestration of cash, risk and working capital. The new mandate is to build finance that can predict, decide and act. This eBook captures...
Accounts payable (AP) has spent much of its history buried deep in the back office, with staff consigned to the tedium of typing invoices, auditing purchase orders, and cutting checks.
PYMNTS Intelligence data in the September 2025 Accounts Payable Tracker® Series found that more than two-thirds of businesses still key invoices by hand.
And for decades, the process of managing accounts...
Chime Financial’s results released after the markets closed on Wednesday (Nov. 5) demonstrated double digit growth in the FinTech’s active membership base and increased usage of Chime Card for everyday spending.
During the conference call with analysts, CEO Chris Britt said that the company has notched 9.1 million active members in a market of nearly 200 million people earning up to $...
Watch more: The New Workforce Economy
The nature of work, and of getting paid, is changing. The familiar two-week pay cycle is giving way to a real-time labor economy where people get paid when they earn, sometimes several times a day. PYMNTS CEO Karen Webster said we’re witnessing the rise of the transactional worker who lives in an on-demand world where payouts are the new paychecks...
Generative artificial intelligence (AI) may be rewriting product playbooks, but it hasn’t yet written humans out of them. The newest PYMNTS Intelligence report, “From Spark to Strategy: How Product Leaders Are Using Gen AI to Gain a Competitive Edge,” finds that while nearly every chief product officer (CPO) now uses gen AI, the technology’s greatest influence is not in automation or cost-cutting...
Prediction markets could become one of the largest asset classes, Robinhood Chairman and CEO Vlad Tenev suggested Wednesday (Nov. 5) during the company’s third quarter earnings call.
Since launching prediction markets on its platform last year with the presidential election markets, Robinhood has doubled its volume of contracts each quarter, Tenev said.
The company’s number of total...
In its first earnings call after going public, Pattern told investors Wednesday (Nov. 5) that its technology platform continues to scale efficiently as global brands shift toward automated, data-driven commerce.
CEO Dave Wright said the company’s systems “act as an intelligent layer that connects brands to demand across every major marketplace,” enabling real-time optimization of...