PYMNTS News

Visa to Invest $100 Million in Generative AI for Commerce and Payments
Visa to Invest $100 Million in Generative AI for Commerce and Payments
October 02, 2023  |  artificial intelligence

Visa has launched a new $100 million generative artificial intelligence (AI) ventures initiative, aiming to invest in companies focused on developing generative AI technologies and applications...

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Discover Financial Services’ Agreement With FDIC Boosts Stock Price
Discover Financial Services’ Agreement With FDIC Boosts Stock Price
October 02, 2023  |  Bank Regulation

Discover Financial Services has reportedly reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to improve consumer compliance.  This development resulted in a 7%...

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FTX’s Sam Bankman-Fried Rose and Fell, Now Comes His Reckoning 
FTX’s Sam Bankman-Fried Rose and Fell, Now Comes His Reckoning 
October 02, 2023  |  Legal

It took around five days for the cryptocurrency exchange FTX to implode last November. It will take around five or six weeks for the founder...

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Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
October 02, 2023  |  Investments

Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI.  Roelof Botha, partner...

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TikTok May Join Other Platforms With Ad-Free Subscription
TikTok May Join Other Platforms With Ad-Free Subscription
October 02, 2023  |  Subscriptions

TikTok is testing an ad-free monthly subscription plan. Code within the short-form video app suggests that the platform is exploring this new option, Android Authority reported Monday (Oct....

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Sam Altman’s Gen AI ‘iPhone’ Could Upend the AI Economy
Sam Altman’s Gen AI ‘iPhone’ Could Upend the AI Economy
October 02, 2023  |  artificial intelligence

Generative artificial intelligence (AI) is one of the innovative forces powering tomorrow’s tech wave. Just like prior phase shifts in technical capability throughout history, AI...

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Economists Expect Limited Macro Impact From Student Loan Payment Resumption
Economists Expect Limited Macro Impact From Student Loan Payment Resumption
October 02, 2023  |  Consumer Finance

The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While...

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Coinbase and Binance Remain at Top of Crypto App Provider Ranking
Coinbase and Binance Remain at Top of Crypto App Provider Ranking
October 02, 2023  |  Cryptocurrency

This month’s edition of PYMNTS’ Provider Rankings of Cryptocurrency Apps reflects leaps from Bybit, Huobi and Bitpay. The top spots remain consistent, but who knows...

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Netflix’s Merchandise Moves Highlight the Rise of Connected, Contextual Commerce  
Netflix’s Merchandise Moves Highlight the Rise of Connected, Contextual Commerce  
October 02, 2023  |  Connected Economy

In 2018, writing about the ways in which mobile devices and technology changed the world, PYMNTS CEO Karen Webster noted: “In the three-plus decades since consumers...

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