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News
PicPay Launches Anthropic Claude Integration for Banking Inquiries
6+ min ago (310+ words) Brazilian digital bank PicPay has begun rolling out an integration with Anthropic’s Claude that enables PicPay customers to check financial information in Claude by using natural-language commands. The integration with Claude will be rolled out gradually to customers on an…...
Williams-Sonoma???s AI Assistant Triples Shopper Purchases
16+ min ago (424+ words) Williams-Sonoma’s Olive AI assistant drove a 700% jump in engagement and a 620% jump in revenue since January, with customers converting at three times the normal rate, according to the company’s earnings call. Pottery Barn’s new Otto assistant is already resolving 70% of…...
GoodRx Covers Whole Households and Pets in New Prescription Plan
1+ hour, 3+ min ago (328+ words) Prescription platform GoodRx has launched a new plan that covers a primary member and up to four dependents, including children, adult family members and pets, the company said in a Thursday (Sept. 3) press release. The new GoodRx Companion Family Plan…...
24/7 Money Means Treasury Needs to Figure Out Its Weekend Plans
2+ hour, 1+ min ago (640+ words) 24/7 money turns treasury policy into an always-on control system. CFOs need rules for liquidity, approvals, fraud and exceptions that keep working when nobody is at a desk. The real opportunity is not faster payments, but less idle cash. Continuous visibility…...
OpenAI and Anthropic Get 80% of Revenue From 1% of Customers
3+ hour, 28+ min ago (243+ words) The top 1% of customers generate 80% of enterprise revenue at both OpenAI and Anthropic, a concentration that hasn’t eased even as more businesses start paying for generative AI. At Anthropic, two customers, Cursor and GitHub Copilot, account for close to a…...
Thrive Capital Bets $100 Million on Shopify???s AI Future
3+ mon, 3+ week ago (411+ words) Joshua Kushner’s Thrive Capital has invested about $100 million in Shopify, betting that artificial intelligence could enhance commerce, Bloomberg reported Thursday (May 14), citing unnamed sources. Neither Shopify nor Thrive Capital immediately replied to PYMNTS’ request for comment. Thrive Capital announced in…...
AAA Reports Labor Day Weekend Gas Prices Reach Record High
4+ hour, 11+ min ago (378+ words) This weekend’s gas prices are set to be the highest ever for a Labor Day weekend, AAA said in a Thursday (Sept. 3) press release. The national average gas price is $4.14, which is above the current Labor Day record of $3.82, which…...
FinCEN Says Stopping Crypto Scams Means Catching How Customers Fund Them
4+ hour, 22+ min ago (711+ words) FinCEN found scam victims often move through a recognizable sequence, draining checking and savings, liquidating investments and retirement accounts, then tapping HELOCs, credit cards and personal loans before sending money to scammers. Depository institutions reported roughly $6.4 billion in suspected scam-related…...
77% of Merchants Are Ready to Share Data for Smarter Checkout
4+ hour, 37+ min ago (464+ words) Seventy-seven percent of merchants are highly willing to share transaction and performance data with payments platforms, giving those providers room to use information beyond the payment itself. Stripe and Adyen are applying transaction data to choices made before authorization, including…...
Anthropic Expands Credit Facility to $15 Billion Ahead of Mega IPO
6+ hour, 13+ min ago (404+ words) Anthropic is preparing to finalize an expansion of its revolving credit facility to $15 billion, up from the $2.5 billion facility it secured last year, Bloomberg reported Friday (Sept. 4), citing unnamed sources. Companies typically finalize their revolving credit facility before notifying banks…...