Luxury goods giant LVMH, best known for brands like Louis Vuitton, Dior and Tiffany, reported a 10% surge in sales for the fourth quarter on Thursday (Jan. 25), outpacing the previous quarter. The momentum was fueled by robust demand, notably from Chinese consumers, who favored...
The emergence of all-in-one apps promises unparalleled convenience, offering users a one-stop solution for various needs. From managing finances to staying connected with friends, these multifaceted applications aim to streamline daily activities, promising a more integrated and efficient experience for users. Findings detailed in a joint...
When it comes to buying directly from brands, Generation Z is ahead of the curve. By the Numbers The PYMNTS Intelligence report “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces” drew from a survey of more than 3,500 U.S. consumers in...
Trustmi introduced its Sarbanes-Oxley (SOX) Compliance solution for business payments. Powered by artificial intelligence, the solution aims to simplify reporting and ensure compliance with the increasing regulatory requirements faced by organizations, the provider of business payment security said in a Thursday (Jan. 25) press release....
OpenAI introduced several additions to its artificial intelligence models and services. The firm unveiled new embedding models, application programming interface usage management tools and plans to reduce pricing for one of its models, according to a Thursday (Jan. 25) company blog post. One of the...
The Federal Trade Commission has begun an inquiry into investments and partnerships in the generative artificial intelligence sector. The regulator has ordered Google parent company Alphabet, Amazon, Anthropic, Microsoft and OpenAI to provide information about these activities as it investigates the impact these relationships may have on the competitive landscape, the FTC said in a Thursday...
PayPal is introducing what it terms a “reimagined checkout experience” that will reduce checkout times by as much as 50%. In addition, it’s using artificial intelligence (AI) to craft personalized recommendations to consumers and has also announced cash-back offerings that CEO Alex Chriss said will...
Months after investing in Hugging Face, Google has launched a partnership with the artificial intelligence (AI) firm. The collaboration will let developers use Google Cloud infrastructure for all Hugging Face services, while also allowing for the training of Hugging Face AI models on Google Cloud, the companies...
Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades of paper-based processes, regulatory mismatches and monolithic financial infrastructures have historically stymied innovation. But we are almost at the second...
