Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
December 29, 2023  |  Legal

Wirecard’s insolvency manager, Michael Jaffé, filed a lawsuit in a court in Stuttgart against accountancy firm EY. The lawsuit claims 1.5 billion euros (about $1.66...

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EU Digital Chief Margrethe Vestager Says AI Act Enhances Innovation
EU Digital Chief Margrethe Vestager Says AI Act Enhances Innovation
December 29, 2023  |  artificial intelligence

The European Union’s (EU) competition and digital chief, Margrethe Vestager, has come forward to defend the EU’s landmark law on artificial intelligence (AI). Following criticism...

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Consumers Pull Back on Spending; Companies Cut Costs
Consumers Pull Back on Spending; Companies Cut Costs
December 29, 2023  |  Economy

Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. This marks a shift from recent...

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Year in Review: The Milestones That Transformed AI in 2023
Year in Review: The Milestones That Transformed AI in 2023
December 29, 2023  |  artificial intelligence

2023 was the year of the generative artificial intelligence (AI) boom. What was perhaps the innovation’s greatest trick to date was fitting a decade’s worth...

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One-Third of US Healthcare Companies Fill Cash Flow Gaps With Bank Overdrafts
One-Third of US Healthcare Companies Fill Cash Flow Gaps With Bank Overdrafts
December 29, 2023  |  Healthcare

A corporate bank account overdraft happens when a business’ bank account has a negative balance, leading to the account holder incurring a debt. It may...

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India-Based Car-Sharing Platform Zoomcar Completes Business Combination, Goes Public
India-Based Car-Sharing Platform Zoomcar Completes Business Combination, Goes Public
December 29, 2023  |  IPO

Zoomcar, an India-based peer-to-peer car-sharing platform focused on emerging markets, has gone public. The firm completed a previously announced business combination with Cayman Island-registered special...

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Grocers’ Contextual Commerce Efforts Reached New Digital Spaces in 2023
Grocers’ Contextual Commerce Efforts Reached New Digital Spaces in 2023
December 29, 2023  |  Connected Economy

Throughout 2023, grocers stepped up their contextual commerce initiatives, not only expanding shoppable recipe content but also reaching new devices and digital platforms. Take, for...

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Publishers Meet With OpenAI to Discuss Licensing Content
Publishers Meet With OpenAI to Discuss Licensing Content
December 29, 2023  |  artificial intelligence

Several news media publishers have reportedly met with OpenAI to discuss licensing their content for use in training that firm’s artificial intelligence (AI) models. The...

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1 in 10 Consumers Use BNPL for Emergency Expenses
1 in 10 Consumers Use BNPL for Emergency Expenses
December 29, 2023  |  Buy Now Pay Later

Financial struggles are a constant challenge for those with limited access to credit, especially when unexpected emergencies arise. PYMNTS Intelligence research backs this up, showing...

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