As the report noted, Microsoft is seen as perhaps the biggest beneficiary of spending on AI, due to its close ties to OpenAI, with the technology helping drive the company’s market capitalization to north of $3 trillion.“We strongly view this as Microsoft’s ‘iPhone Moment’ with AI set to change the cloud growth trajectory in Redmond the next few years and our recent checks giving further confidence in this dynamic for the March quarter,” Ives said.He added that the last month has seen an acceleration of ado ...

Meta has modified its approach to handling media that has been manipulated with artificial intelligence (AI) and by other means.Three of the company’s platforms — Facebook, Instagram and Threads — will now label a wider range of content as “Made with AI” when they detect industry standard AI image indicators or when the people uploading content disclosed that it was generated with AI, Monika Bickert, vice president of content policy at Meta, wrote in a Friday (April 5) blog post.The platforms will also add ...

Meta Platforms asked a judge Friday (April 5) to throw out an antitrust lawsuit filed against it by the Federal Trade Commission .Meta said the two platforms have become as successful as they are because it supported their development with billions of dollars, according to the report.In a court filing, the tech company disputed the FTC’s claims that its purchases of Instagram and WhatsApp reduced competition and harmed consumers, Bloomberg reported Friday.Free? Of course. You've uncovered one of our premium ...

As retailers look to find the right combination of technology and human labor to boost their profit margins, Amazon and Walmart have both made changes to how they approach self-checkout in stores.Amazon is replacing its Just Walk Out technology at Amazon Fresh stores with its smart shopping cart, the Amazon Dash Cart.“We’ve … heard from customers that while they enjoyed the benefit of skipping the checkout line with Just Walk Out, they also wanted the ability to easily find nearby products and deals, view t ...

JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business.The GB business now brings together the bank’s Commercial, Corporate and Investment Banking lines, according to a memo provided to PYMNTS Thursday (April 4) by JPMorgan Chase.“Our new GB franchise strengthens connectivity across these teams and enables us to deliver the power of the firm to help our clients succeed,” Filippo Gori and Doug Petno wrote in the memo.Commercial Banking includes the bank’s heritage Co ...

YouTube CEO Neal Mohan is addressing concerns regarding using YouTube content to train artificial intelligence models.Mohan highlighted during an interview with Bloomberg the lack of concrete evidence on whether OpenAI has used YouTube videos to enhance its video generation AI software, Sora. However, he stressed that any such use without permission would contravene YouTube’s terms of service.“From a creator’s perspective, when a creator uploads their hard work to our platform, they have certain expectation ...

Google parent company Alphabet is reportedly considering making a bid to acquire HubSpot.The firm has met with investment bankers to discuss how much it should offer and whether it would face challenges from regulators, Reuters reported Thursday (April 4), citing unnamed sources.Alphabet has not submitted an offer, and it may not do so, according to the report.A HubSpot spokesperson told Reuters that the company “does not comment on rumors or speculation.”Alphabet did not immediately reply to PYMNTS’ reques ...

Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin.Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United States convert the stablecoins (PYUSD) in their linked PayPal Cryptocurrency Hub to U.S. dollars. They can then use it to fund transactions to recipients in approximately 160 countries with no transaction fees.“When we decided to bring PayPal USD to market, we had two objectives we wanted ...

India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding.The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release.Founded by entrepreneurs Tarun Sobhani and Harish Bahl, the company works with brands in India, Southeast Asia and the Middle East to help them manage the digital presence of their brick-and-mortar stores, the release said.“With more than 400 million local businesses worldwide, ...

Russia says the country’s Apple users don’t have full access to payments and banking services.As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service (FAS), has written to Apple about the issue. The report notes that the FAS has fined Apple $26 million in the last two years, alleging the company abuses its dominant position in the mobile apps and in-app payment spaces.According to the report, the FAS says most of Russia’s banks had been removed from the App Sto ...