With consumers shifting their spending to key seasonal sales moments, merchants are extending their discount events, with Amazon dropping hints for “early Prime Day deals” more than a month before the occasion. Earlier this month, the eCommerce giant teased these preemptive offers in a blog...
You.com’s parent company is reportedly raising $50 million to tap the AI assistant market. This Series B round would value SuSea, the company behind the You.com search engine, at between $700 million and $900 million, Reuters reported Monday (June 17), citing a source familiar with...
Aim Security, a company that helps enterprises safely adopt artificial intelligence (AI), has raised $18 million. The Israeli company said it was one of the “fastest Series A rounds in cybersecurity history,” bringing Aim’s total funding to $28 million, according to a Monday (June 17) press...
Constructor has raised $25 million in a Series B funding round to support the further product development and international expansion of its artificial intelligence (AI)-powered product discovery and search platform for enterprise eCommerce companies. With the new funding, Constructor will continue innovating its product and...
With older consumers — those with the most cash to burn — proving to be more loyal than their younger counterparts, brands that can win their affinity have the opportunity to create longer-term, more valuable relationships. In an interview with PYMNTS, psychologist and retail consultant...
The Financial Stability Board (FSB) is taking a closer look at stablecoin use in emerging markets. The watchdog group made that announcement following a meeting of the board’s plenary in Toronto. “In emerging market and developing economies (EMDEs), crypto-assets pose particular challenges for monetary policy and capital flow management,”...
The Synapse bankruptcy saga continues to rock the BaaS world, marked by last week’s revelation of $85 million in missing funds. The plot thickened last week when former CEO Sankaet Pathak disclosed in bankruptcy court that funds were commingled, leaving the task of determining rightful...
As Father’s Day approaches, retailers are seizing on different paternal stereotypes to drive engagement and sales, from dad jokes to “dadcore” style to that tangle of unidentified, no-longer useful cables that so many dads seem to be unwilling to part with. Panera, for its part,...
Two American tech giants are reportedly facing new regulatory challenges in Europe. One case involves Apple’s App Store, while the other centers on Meta’s artificial intelligence (AI) assistant, Meta AI. The Financial Times (FT) reported Friday (June 14) that the European Commision (EC) will bring charges against Apple after determining that...
