Loop raised $95 million in a Series C funding round to expand its platform for logistics and supply chains across a broader set of enterprise use cases. The company will also invest in top artificial intelligence (AI) talent and deepen its product and engineering capabilities, it said in a Friday (April 17) press release. “We see every […]The post Loop Raises $95 Million to Bridge Supply Chain Data Gap appeared first on PYMNTS.com.

Cursor, a maker of artificial intelligence (AI)-powered coding tools, is looking to raise about $2 billion in a funding round that would value it at over $50 billion, Bloomberg reported Friday (April 17), citing an unnamed source. The discussions are at an advanced stage, but they are ongoing and could change, according to the report. […]The post Cursor Eyes $50 Billion Valuation as AI Coding Demand Surges appeared first on PYMNTS.com.

This week’s regional bank earnings sent a pointed message about where the growth is coming from. First-quarter earnings from PNC, KeyCorp, U.S. Bancorp, Truist, Fifth Third and Regions show commercial lending gaining momentum, fee-based businesses carrying more weight and technology investments beginning to reshape how banks compete for client relationships. Corporate clients are borrowing more […]The post Commercial Lending Rescues Regional Banks From Consumer Slowdown appeared first on PYMNTS.com.

Anthropic CEO Dario Amodei will meet with White House Chief of Staff Susie Wiles in the West Wing on Friday (April 17), according to multiple media reports. Axios, which was first to report the news, said Friday that the meeting is meant to resolve the artificial intelligence (AI) company’s dispute with the government at a time when the company’s […]The post Anthropic and White House Aim to Make Peace in Friday Meeting appeared first on PYMNTS.com.

The Home Depot aims to strengthen its same-day and next-day fulfillment strategy with its acquisition of SIMPL Automation. The home improvement retailer announced the acquisition in a Wednesday (April 15) press release, saying SIMPL uses advanced engineering and artificial intelligence (AI) technology to help distribution facilities operate faster and more efficiently. Prior to the […]The post Home Depot Buys SIMPL Automation to Support Same-Day Delivery appeared first on PYMNTS.com.

Few phrases in corporate history have proven as durable as “no one ever got fired for buying IBM.” It is shorthand for something deeper: when stakes are high decision-makers often choose what protects their own position over what maximizes institutional value. That calculus has not disappeared. It has migrated. Today’s buyers may not be […]The post The Riskiest Words in B2B: This Is How We’ve Always Done It appeared first on PYMNTS.com.

French Finance Minister Roland Lescure said Friday (April 17) that European banks should develop more euro-based stablecoins and tokenized deposits to reduce the continent’s reliance on non-European payment providers, Reuters reported Friday. In pre-recorded comments delivered at a cryptocurrency conference in Paris, Lescure said that the small volume of euro-pegged stablecoins compared to dollar-pegged […]The post France Urges Euro Stablecoins to Break Dollar Dependency appeared first on PYMNTS.com.

Importers are preparing to file claims Monday (April 20) for refunds of tariffs, but are not certain what to expect, Reuters reported Friday (April 17). The federal government is set to launch a new system for handling the claims process on Monday, according to the report. Some importers are concerned that the new system […]The post Importers Prep for Monday Opening of Tariff Refund Portal appeared first on PYMNTS.com.

Almost 40% of U.S. data center projects are at risk of falling behind schedule, the Financial Times reported Thursday (April 16), citing data from satellite and artificial intelligence (AI) analytics group SynMax. The company also found that 60% of projects scheduled for next year have not yet begun construction, according to the report. SynMax uses satellite […]The post Permitting Hurdles and Labor Shortages Threaten AI Data Center Timelines appeared first on PYMNTS.com.

The world moves fast, and money movement needs to keep up. That’s a large part of why stablecoins are gaining traction. In an era of compressed settlement cycles and globalized treasury operations, the appeal of borderless digital dollars is an obvious one. Stablecoins can offer near-instant transfers, 24/7 liquidity and a bridge between traditional […]The post What CFOs Need to Know About Freezing and Burning Stablecoins appeared first on PYMNTS.com.