Innovation

Innovation in its modern meaning is "a new idea, creative thoughts, new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.

(source: en.wikipedia.org)

They Said That: Notable Quotables From the Week of July 8, 2024
They Said That: Notable Quotables From the Week of July 8, 2024
July 12, 2024  |  Payments Innovation

PYMNTS reporters, analysts and writers do dozens of interviews every week to bring you the editorial package that is PYMNTS and PYMNTS Intelligence. While they...

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Rufus, Amazon’s AI Shopping Companion, Rolls Out Nationwide
Rufus, Amazon’s AI Shopping Companion, Rolls Out Nationwide
July 12, 2024  |  Artificial Intelligence

Amazon’s generative artificial intelligence-powered conversational shopping assistant, Rufus, is now available to all U.S. customers in the Amazon Shopping app. Introduced in February, Rufus answers...

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Fireworks AI Valued at $552 Million After New Funding Round
Fireworks AI Valued at $552 Million After New Funding Round
July 11, 2024  |  Investments

Fireworks AI raised $52 million to expand its artificial intelligence product. The investment values the 2-year-old firm at $552 million, according to a Monday (July...

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AWS and Workday Team on Enterprise AI Applications
AWS and Workday Team on Enterprise AI Applications
July 11, 2024  |  Partnerships

Amazon Web Services (AWS) launched a generative artificial intelligence-focused partnership with enterprise software company Workday. “This expanded partnership combines the power of Workday AI and...

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JPMorgan Chase Invests in Infrastructure, AI to Boost Market Share
JPMorgan Chase Invests in Infrastructure, AI to Boost Market Share
July 11, 2024  |  Banking

J.P. Morgan Chase is reportedly enhancing its competitive capabilities to remain the biggest bank in the United States. The bank is modernizing its infrastructure and...

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AWS Launches GenAI-Powered Service for Creating Applications
AWS Launches GenAI-Powered Service for Creating Applications
July 10, 2024  |  Amazon

Amazon Web Services (AWS) has unveiled a generative artificial intelligence (AI)-powered service that helps users create applications using natural language. With the new AWS App Studio, users...

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Samsung Unveils Latest Wearables With AI-Powered Wellness Features
Samsung Unveils Latest Wearables With AI-Powered Wellness Features
July 10, 2024  |  Technology

Samsung unveiled its latest wearables with features powered by artificial intelligence. The new Galaxy Ring, Galaxy Watch7 and Galaxy Watch Ultra became available for pre-order...

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Alibaba: Generative AI Tools Drive 30% Increase in eCommerce Orders
Alibaba: Generative AI Tools Drive 30% Increase in eCommerce Orders
July 10, 2024  |  Retail

Alibaba Group is reportedly using generative artificial intelligence to strengthen its renewed efforts to expand overseas. The Chinese eCommerce firm is using generative AI for...

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Intuit Cuts 10% of Staff Amid New AI Efforts
Intuit Cuts 10% of Staff Amid New AI Efforts
July 10, 2024  |  Personnel

Tax preparation software maker Intuit is cutting 1,800 jobs, or 10% of its workforce, and closing two locations. The company, parent of QuickBooks and TurboTax,...

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