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Consumers Increasingly Expect Growth in Public Assistance Programs

PYMNTS.com 

Consumers are more likely to expect an expansion of public assistance programs than they were a year ago. Among the programs about which they have increased optimism are federal student aid, student debt forgiveness, federal welfare programs, unemployment benefits and the federal minimum wage, the Federal Reserve Bank of New York’s Center for Microeconomic Data […]

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Former OpenAI Safety Head Jan Leike Joins Anthropic

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Jan Leike, who resigned from artificial intelligence (AI) company OpenAI earlier in May, has joined rival AI firm Anthropic. Leike announced the move in a post on X (formerly Twitter) on Tuesday (May 28), noting that he will work on “scalable oversight, weak-to-strong generalization, and automated alignment research.” Anthropic is backed by a $4 billion […]

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Faircado Raises $3.3 Million for AI-Powered reCommerce Platform

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Faircado has raised €3 million (about $3.3 million) to continue building its artificial intelligence (AI)-powered reCommerce platform. “Faircado exists to empower every consumer to buy better — for their wallet and for the planet — by easily switching from buying new to buying secondhand,” the company said in a Tuesday (May 28) post on LinkedIn. […]

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Caseware Launches AI-Powered Auditing Tool

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Financial reporting solutions firm Caseware International is unveiling a digital assistant. Called Caseware AiDA, the artificial intelligence (AI)-enabled software is being introduced on a prelaunch basis, Caseware said in a Tuesday (May 28) news release. AiDA works with Caseware’s suite of solutions for accounting, audit and finance professionals, the company added. AiDA was made to […]

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Deel Taps Alviere to Help Global Companies Pay US Workers

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Deel has extended its strategic investment in Alviere, aiming to help global companies hire and pay workers in the United States. The Alviere embedded finance and compliance program has already been integrated into Deel’s global human resources (HR) and payroll platform, the companies said in a Tuesday (May 28) press release. “Alviere’s strong compliance and […]

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Transcend Raises $40 Million to Grow Data Privacy Platform

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Transcend raised $40 million in a Series B funding round to continue growing its suite of privacy and artificial intelligence governance solutions. The company started with a “virtual kill-switch for consumers to delete data” and now offers 12 products that help enterprises understand and manage personal data, privacy tasks, risks and AI systems, Transcend said […]

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Small Retailers Relying on In-Store Sales Are More at Risk

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Small retailers that make most of their sales via brick-and-mortar are the most at risk of closing, compared to those that leverage an omnichannel strategy or that rely primarily on eCommerce channels, PYMNTS Intelligence reveals. By the Numbers The study “Main Street SMBs’ Revenues Grow Faster than GDP,” a PYMNTS Intelligence exclusive report, drew from […]

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Criminals’ Adoption of AI Remains Cautious, Report Finds

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Despite public concerns about the potential for cyberattacks powered by artificial intelligence (AI), criminals have been slow to fully embrace the technology, according to a new report from cybersecurity firm Trend Micro.  Eight months after the company first reported on criminals using generative AI, an updated analysis found that while malicious actors continue to exploit […]

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