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Lightning AI Raises $50 Million for PyTorch Artificial Intelligence Framework
Artificial intelligence (AI) development platform Lightning AI has obtained a $50 million equity investment. The company, maker of the PyTorch Lightning open AI framework, announced the investment —...

Intuit Adds Generative AI-Powered Financial Assistant to QuickBooks
Intuit has added a generative artificial intelligence (AI)-powered financial assistant to QuickBooks. The new Intuit Assist for QuickBooks is designed to help small and medium-sized businesses (SMBs) ...

Instacart CEO Focuses on Grocery Partnerships as Firm’s Value Drops
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thurs...

This Week in B2B: Simplicity, Automation and Blockchain (Yes, Blockchain)
The contemporary B2B landscape is being reshaped by a seismic shift toward automation and simplification. Companies are ditching clunky, manual processes in favor of sleek, digital-first solutions tha...

Mastercard and J.P. Morgan Are Building an Interoperable B2B Blockchain Together
Complexity is frequently the default setting for business-to-business (B2B) payments, particularly cross-border ones. But the industry is moving toward greater simplicity and automation with the help ...

PayPal Resolves 2-Hour Global Outage Affecting Multiple Products
PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC Thursday, the company said on its status page...

CellPoint Raises $30 Million for Travel Sector Payment Orchestration
Travel-industry-focused payment orchestration firm CellPoint Digital has raised $30 million in new funding. The financing, from Toscafund and Penta Capital, will help speed the launch of CellPoint...

Alibaba Merges Global and Domestic eCommerce Businesses
Chinese conglomerate Alibaba is combining its domestic and international eCommerce businesses into one unit. According to a Thursday (Nov. 21) securities filing, the new Alibaba E-commerce Business...

Boost: Simplicity in B2B Payments Means Making Innovation Work for Suppliers
True digital transformation in B2B payments requires more than just new technology. It demands an understanding of both sides of the transaction and the ability to simplify complexity without creating...

Holiday Spending Surge: 60M US Shoppers Swayed by Upfront Pay Later Options
Merchants have a critical opportunity to capture consumer spending by strategically positioning pay later options. But do merchants miss out due to delaying visibility? Yes. In fact, consumers say ear...