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OpenAI is hiring an executive focused on AI-related risks to mental health and computer security. Writing in an X post Saturday (Dec. 27), CEO Sam Altman said that the new “Head of Preparedness” role comes amid the rise of new challenges related to artificial intelligence (AI). “The potential impact of models on mental health was something we saw a preview of in 2025; we are just now...
America’s retailers are reportedly unhappy with the end of penny production. According to a recent report by Chain Store Age, the Retail Industry Leaders Association (RILA) is calling on lawmakers to address the issue when Congress returns to D.C. next month. The problem began earlier this year when the U.S. Treasury said it would cease minting new pennies, calling the process costly...
Student loan borrowers are seeing increased success in discharging their loans in bankruptcy court. That’s according to a report Sunday (Dec. 28) by The New York Times (NYT), citing a study by Jason Iuliano, a professor at the University of Utah’s S.J. Quinney College of Law. It found that a vast majority of student debtors who look to dismiss their loans via bankruptcy are successful...
Consumers are growing comfortable with letting artificial intelligence (AI) agents plan their vacations. And so the world’s biggest hotel companies are working to get consumers to book directly, to help save on commission to online platforms, the Financial Times (FT) reported Saturday (Dec. 27). The report noted that Marriott, the largest hotel company in the world, said last month...
British bank Lloyds is reportedly ending its small-business-focused invoice financing program. The factoring program will close by the year’s end, the Financial Times (FT) reported Sunday (Dec. 28), citing two sources familiar with the matter. The report characterizes the move as a blow to Lloyd’s smaller business clients, though one source said the bank’s factoring programs were used...
The last of the holiday glitter is still stuck to your shoes, but the digital economy is already dangling a shinier object: the 2026 FIFA World Cup. As our audience sharpens New Year’s intentions—tighten budgets, simplify stacks, stop paying “fees” that feel like emotional damage—soccer’s biggest spectacle is here to remind us that aspiration is a powerful currency. Especially when it comes with...
Toms Capital Investment Management (TCIM), a U.S. hedge fund known to be an activist investor, reportedly made a “significant” investment in Target. The size of the hedge fund’s stake in the retailer is not known, the Financial Times reported Friday (Dec. 26), citing unnamed sources. The move came at a time when Target had 12 consecutive quarters of negative or negligible sales growth...
Travel commerce is shifting from discovery to decision-making as artificial intelligence (AI) agents take control of itineraries and transactions. This transition is underpinned by a critical pivot in consumer trust. PYMNTS Intelligence data shows that nearly 25% of consumers say they would be comfortable letting an AI agent plan their travel. That matters because travel is a high-...
Dazzle AI, a new startup founded by former Yahoo President and CEO Marissa Mayer, raised $8 million in a seed round. The company achieved a $35 million post-money valuation in the round, it said in a Tuesday (Dec. 23) press release. Dazzle AI aims to make artificial intelligence (AI) “more intuitive and genuinely useful” by leveraging Mayer’s experience in user-centered technology and...
JPMorgan Chase reportedly froze accounts used by stablecoin startups BlindPay and Kontigo because they did business in Venezuela and other places subject to sanctions or other restrictions. Both companies largely focus on Latin America, and they connected to the bank through digital payments firm Checkbook, The Information reported Friday (Dec. 26). A JPMorgan Chase spokesperson said...