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Tencent Says AI Spending Is Yielding Results
Chinese tech giant Tencent says its artificial intelligence (AI) investments have begun paying off. In releasing its quarterly earnings on Wednesday (May 14), the company’s CEO noted that its AI cap...

AI Explainer: How Large Transaction Models Are Securing Payment Flows
Digital transformation has opened a fire hose of new information flows, particularly around payments and commerce. Every day, billions of payments flow through networks, banks and FinTech platforms. A...

Chime Sees $86 Billion Revenue Opportunity Amid Digital Banking Shift
In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts. Since then, however, the push towar...

Perplexity Picks PayPal to Power Agentic Commerce Purchases
Artificial intelligence (AI) search company Perplexity has launched a partnership with PayPal. The collaboration will see Perplexity use PayPal to power agentic commerce on its Perplexity Pro platf...

Databricks Boosts AI Agent Business With $1 Billion Neon Purchase
Data and artificial intelligence (AI) firm Databricks is acquiring database startup Neon. “As the $100-billion-plus database market braces for unprecedented disruption driven by AI, Databricks pl...

Nvidia and Amazon Land Middle Eastern AI Deals Amid Trump Visit
American tech giants are reportedly upping their Gulf State investments amid President Trump’s visit to the region. The Trump administration has brokered deals for two Middle Eastern allies — Saud...

Senate Works to Jumpstart Stablecoin Legislation
Republican and Democratic senators are reportedly working to resurrect stablecoin legislation. As Bloomberg News reported Tuesday (May 13), this legislation, supported by the cryptocurrency industry, ...

Entersekt CEO on Scams: ‘Bigger the Bullet, the Thicker the Armor’
If there’s one unwelcome constant in payments, it’s fraud. Lately, fraud has multiplied, and social engineering scams and others are outpacing traditional fraud prevention measures. To battle frau...

America’s Second Shift: Why Side Hustles Are Now a Financial Lifeline
The 9-to-5 workday is going the way of the door-to-door salesman. So is the definition of “work.” For a growing number of Americans, a traditional job is no longer their sole, or even primary, sou...

Businesses Embrace Real-Time Payments at the $10 Million Mark
A $10 million instant payment is no longer a fantasy — it’s the new normal as real-time payments revolutionize global finance. PYMNTS Intelligence’s latest “Real-Time Payments World Map” rev...