PYMNTS News

White House: Big Tech and AI Companies Pledge Safe Development
White House: Big Tech and AI Companies Pledge Safe Development
July 21, 2023  |  artificial intelligence

The Biden Administration has announced voluntary commitments from seven companies to help move toward safe, secure and transparent development of artificial intelligence (AI) technology. The...

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Telly Begins Shipping First-of-its-Kind Free Ad-Supported TVs
Telly Begins Shipping First-of-its-Kind Free Ad-Supported TVs
July 21, 2023  |  Technology

Telly, the company behind a unique free television that relies on a built-in second screen to run nothing but ads, began shipping the first-of-its-kind dual-screen...

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Amex: Card Spending by Gen Z and Millennials Surges 21%
Amex: Card Spending by Gen Z and Millennials Surges 21%
July 21, 2023  |  Earnings

For American Express, the momentum lies with younger consumers. Results posted by the company on Friday (July 21) show that younger generations’ spending surged double...

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Threads User Engagement Drops to 4 Minutes From 19 Minutes
Threads User Engagement Drops to 4 Minutes From 19 Minutes
July 21, 2023  |  Social Commerce

Threads’ user engagement reportedly continued to decline in the second week since its launch. The average time iOS and Android users spend on the Meta-owned social...

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Barbie’s Wardrobe and Zales’ Jewelry Are Available to Rent  
Barbie’s Wardrobe and Zales’ Jewelry Are Available to Rent  
July 21, 2023  |  Retail

Resale and rental have become hot initiatives among retailers. The intention is to cater to consumers’ changing preferences and values, while also mitigating the effects...

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DoorDash Adds Self-Serve Integration Onboarding as Aggregators Compete on Selection
DoorDash Adds Self-Serve Integration Onboarding as Aggregators Compete on Selection
July 21, 2023  |  Aggregators

As restaurant aggregators race to offer consumers with the widest range and highest quality of options, DoorDash is looking to make it easier for restaurants...

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TikTok Shop Partners With Atome to Offer Installment Payments in Malaysia
TikTok Shop Partners With Atome to Offer Installment Payments in Malaysia
July 21, 2023  |  Social Commerce

TikTok Shop has partnered with buy now, pay later (BNPL) service Atome to offer installment payments in Malaysia. “Today we announce our partnership with Atome, providing our customers...

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FTX Sues Sam Bankman Fried and Former Executives
FTX Sues Sam Bankman Fried and Former Executives
July 21, 2023  |  Legal

The November 2022 collapse of FTX, one of the largest cryptocurrency exchanges, has sparked an investigation into the company’s finances. The latest development in the...

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An IP Expert Deconstructs Artificial Intelligence’s Right to Create
An IP Expert Deconstructs Artificial Intelligence’s Right to Create
July 21, 2023  |  artificial intelligence

Generative artificial intelligence (AI) capabilities are transforming the world. But will their ability to generate fabricated video, audio and text-based content based on copyrighted material...

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