Amazon is reportedly set to invest nearly $1.3 billion on tech projects in France. The eCommerce giant is one of several global companies poised to announce new foreign investments in France this week, Bloomberg News reported Sunday (May 12). French President Emmanuel Macron will host 180 CEOs and executives at the Château de Versailles on …
British newspapers have voiced concerns about Apple’s new ad-blocking tool. The news organizations argue that this so-called “web-eraser” threatens the financial stability of the journalism world, the Financial Times (FT) reported Sunday (May 12), citing a letter from the papers to Apple. The “web eraser” is part of the artificial intelligence (AI) privacy feature in Apple’s …
The U.K. has debuted what it calls a landmark toolset for artificial intelligence (AI) safety testing. The new offering, announced Friday (May 10) by the country’s AI Safety Institute, is dubbed “Inspect” and is a software library that lets testers such as startups, academics and AI developers to international governments assess specific capabilities of individual AI models and then generate …
Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of …
FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer expectations around instant payments, there is still room for improvement. In “FinTechs’ Instant Payment Mismatch,” a collaboration with Ingo Payments, we found that 47% of …
This week in artificial intelligence (AI) news, a company is developing AI agents that could enable more lifelike interactions between businesses and customers, and quantum computing could boost AI by applying quantum principles, potentially transforming areas like medicine and cryptography. Neuroscience Meets AI: Altera’s New Digital Agents A new breed of AI agents is rapidly …
Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs. The provider of accounts payable (AP) automation solutions shared the news in a Thursday (May 9) post on LinkedIn after Corpay announced the deal in a Wednesday (May 8) press release. “We are thrilled to share that we are joining the Corpay team,” …
Artificial intelligence (AI) startup Anthropic has defended its decisions to partner with Amazon and Google, saying that collaborating with two companies gives it greater independence than it would have if it teamed up with only one. “That independence and that choice is one thing that I think differentiates Anthropic from some of these other deals,” Anthropic Co-Founder and CEO …
In the battle for the future of shopping, Sam’s Club is betting on artificial intelligence. Since January, the Walmart-owned retailer has rolled out AI-powered checkout technology at over 120 stores. Using a combination of AI, computer vision and digital tech, Sam’s Club’s system identifies what’s in a shopping cart, confirming customers have paid for their items without requiring an associate to …
Google’s digital wallet is now available in the world’s most populous country. The tech giant announced Wednesday (May 8) that the Google Wallet was now open to users India, with a focus on “localized experiences.” “To start, we’ve partnered with over 20 of India’s top brands, offering one of the widest ranges of partners for any digital …