Новости за 17.04.2024

There should be a reporting mechanism in place for incidents when artificial intelligence (AI) goes wrong, just as there is for airplane crashes, a former OpenAI board member said Tuesday (April 16). Helen Toner, who is a director at Georgetown University’s Center for Security and Emerging Technology, said this in a talk at the TED conference, Bloomberg reported Tuesday. Toner […]

Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and $670 million of shares being sold by existing stockholders, TechCrunch reported Tuesday (April 16), citing unnamed sources. Reached by PYMNTS, Rippling declined to comment on the report. This funding would be the […]

The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” The group is promoting these reforms as a way to boost the competitiveness of the region’s banks, Reuters reported Tuesday (April 16). EBF CEO Wim Mijs told reporters Tuesday during a briefing that Europe must take a […]

Traditional B2B payments, with end-to-end processes frequently characterized by delays and complexities, remain stubbornly intractable.  But with the Federal Reserve Bank of Atlanta highlighting on Monday (April 15) that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service on March 10, modernizing B2B payments is increasingly top of mind […]

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports released Tuesday, they joined three other top banks — Citigroup, JPMorgan Chase and Wells […]

A Pennsylvania lawmaker has once again put the so-called “pink tax” in the spotlight.  In a new study, U.S. Sen. Bob Casey, D-Pa., accuses corporations of disproportionately undermining the financial well-being of women by charging them more than what men pay for day-to-day products and services, a practice commonly referred to as the pink tax.   “From […]

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain economic climate in which investors are unsure if the Federal Reserve will cut interest rates later this year, Reuters reported Tuesday (April 16). Citigroup made the biggest reduction, eliminating some 2,000 jobs during the […]

Amazon Live has launched an interactive and shoppable channel called FAST Channel on Prime Video and Amazon Freevee. This channel will feature Amazon’s “shop the show” technology that allows customers to use their mobile device to browse, shop and engage with the content they’re watching on their TV, Amazon said in a Tuesday (April 16) press release. “We are excited […]

Despite the advancements in classroom technology and increased investments in K-12 education spurred by the pandemic, schools and districts continue to grapple with challenges such as achievement gaps, teacher shortages and chronic absenteeism.  Moreover, in the current landscape, schools and districts are also under pressure to make data-informed decisions that not only improve student performance […]

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been measured through FICO scores detailed by the FIs, in charge-off rates, and in general commentary on spending.   Bank of America noted in its earnings materials that the average FICO score for […]

Artificial intelligence (AI) is being embedded directly into devices, potentially boosting app speeds dramatically. As Apple reportedly gears up to introduce AI-powered features on the iPhone that rely on on-device processing rather than cloud servers, experts are considering the potential benefits of this approach for the future of mobile commerce. For mobile commerce applications, where speed […]

When it comes to living large, big earners like to splurge on making memories more so than on, say, a new handbag, PYMNTS Intelligence research reveals. By the Numbers  The February/March installment of the PYMNTS Intelligence “New Reality Check: The Paycheck-to-Paycheck Report” series, subtitled “Why One-Third of High Earners Live Paycheck to Paycheck,” drew from […]

Emagia has launched an artificial intelligence (AI) platform designed to streamline business-to-business (B2B) payments orchestration for global enterprises. GiaPay is available as a stand-alone solution or integrated with Emagia’s accounts receivable (AR) modules, the company said in a Tuesday (April 16) press release. “Global enterprises are seeking easy-to-deploy, frictionless and cost-effective digital B2B payments to accelerate their […]

With the moderately well-off shopper spending differently than the high-earner, luxury brands are seeing aspirational shoppers forced to give up their favorite indulgences. On a call with analysts Tuesday (April 16) discussing its first quarter fiscal 2024 financial results, luxury giant LVMH shared that it continues to struggle to grow sales with aspirational customers amid […]

Artificial intelligence (AI) chatbots are already conversing with you and are now here to enhance teamwork. Snap, a new app by Swit Technologies, is among a wave of collaboration tools that use generative AI to streamline project management, communication and workflows. Experts say such software can include intelligent meeting schedulers, real-time document collaboration, virtual assistants, […]

The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million. Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million — were direct costs due to “the clearinghouse platform restoration and other response efforts,” such as medical expenses relating to the temporary suspension of certain […]