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Cross-border payments are increasingly wearing two hats for growth-oriented businesses.
On the one hand, as digital payment rails proliferate, cross-border optimization has evolved into a growth lever that determines how fast a company can enter new markets, how well it can serve global customers, and how credibly it can partner with banks, FinTechs and regulators.
On the other hand,...
OpenAI is reportedly working to expand the reach of its products in countries without widespread artificial intelligence (AI) access.
This initiative, dubbed “OpenAI For Countries” aims to push governments to construct more data centers and lobby for greater AI use in fields like health, education and disaster preparedness, Reuters reported Wednesday (Jan. 21).
“Most countries are...
Artificial intelligence is not a bubble; it’s an opportunity that everyone should get involved in, Nvidia CEO Jensen Huang said Wednesday (Jan. 21).
Speaking at the World Economic Forum in Davos, Switzerland, Huang said the demand for Nvidia GPUs, measured by the spot price of renting them, continues to rise due to the number of AI companies being created and the number of other...
Meta’s new artificial intelligence lab has reportedly delivered its first AI models internally.
Andrew Bosworth, the company’s chief technology officer, told Reuters Wednesday (Jan. 21) that the models created by Meta’s Superintelligence Labs team showed promise.
“They’re basically six months into the work, not quite even,” said Bosworth, who spoke with Reuters at the World Economic...
Big Tech companies in China like Alibaba and ByteDance are adding agentic commerce to their arsenal, CNBC reported Wednesday (Jan. 21).
Alibaba updated its consumer-facing Qwen AI chatbot last week with new features letting users order food, book travel and complete in-chat payments. It’s a sign of a shift among AI firms from an emphasis on foundational AI models to agentic AI, which...
The effort to uncover insider trading within prediction markets is reportedly gaining steam.
That’s according to a report by Bloomberg News Wednesday (Jan. 21), which cites the example of a new tool from financial data provider Unusual Whales. It examines the prediction platform Polymarket for unusual activity and possible insider bets.
“We thought prediction markets were almost a...
Most Americans probably don’t remember the exact inflation rate last year. But they remember that the footlong they once paid 5 dollars for is now between ten and fourteen bucks. They remember when a fast-food meal cost a lot less than a movie ticket. And they also remember when a car insurance premium didn’t feel like a second car payment.
Those mental price anchors are how consumers...
As Pay by Bank becomes more visible in the U.S. payments market, one group of consumers is clearly leading the way: those who use digital banks. “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch,” a collaboration between PYMNTS Intelligence and Trustly, examines why these users are more open to paying directly from their bank accounts and what needs to happen for that interest to...
The U.S. Labor Economy may sit at the lower end of the wage scale, but it punches far above its weight in economic impact. Roughly 60 million workers earning less than $25 an hour account for about 15% of total U.S. consumer spending, making their financial stability essential to GDP growth and the health of local economies. When pay or hours fluctuate for this group, the effects are felt quickly...
Growth in a digital world requires standout digital infrastructure and tooling.
That’s supported by findings in the new report “When ‘Good Enough’ Isn’t Enough: Digital Identity Verification in the Age of Bots and Agents,” a collaboration between PYMNTS Intelligence and Trulioo. The report revealed that for financial services firms, the systems that decide who can open an account, how...