Meta has signed an AI infrastructure agreement with chipmaker AMD. The deal, announced Tuesday (Feb. 24), will see AMD supply up to 6GW of its Instinct GPUs to help Meta support its artificial intelligence (AI) models. “At Meta, we’re working to build the next generation of AI and enable personal superintelligence for all,” the tech giant said […]The post Meta Inks AI Agreement With Chipmaker AMD appeared first on PYMNTS.com.

The value of the luxury resale space reportedly grew to $59 billion last year. That’s according to a report Tuesday (Feb. 24) by The Wall Street Journal (WSJ), which says the market for secondhand luxury goods is now growing faster than the primary market. The report describes an “uneasy truce” luxury companies have formed with resale […]The post Luxury Resale Market Tops $59 Billion Driven by Side Hustles appeared first on PYMNTS.com.

Hong Kong-based stablecoin payments firm RedotPay is reportedly planning to go public. The company is weighing a U.S. initial public offering (IPO) that could raise more than $1 billion, Bloomberg News reported Tuesday (Feb. 24), citing sources familiar with the matter. These sources say RedotPay is working with banks and could seek a valuation of more than […]The post RedotPay Seeks IPO for Stablecoin Payments Firm appeared first on PYMNTS.com.

Thomson Reuters’ professional-grade artificial intelligence technology CoCounsel has been adopted by 1 million professionals across 107 countries, the company said in a Tuesday (Feb. 24) press release emailed to PYMNTS. CoCounsel is Thomson Reuters’ AI technology that powers generative and agentic capabilities across the company’s legal, tax, accounting, audit, risk, compliance and corporate solutions, […]The post Thomson Reuters CoCounsel Reaches 1 Million Users as Professionals Embrace Agentic AI appeared first on PYMNTS.com.

FedEx has taken legal action over the tariffs recently struck down by the Supreme Court. The shipping giant’s complaint, filed Monday (Feb. 23), is believed to be the first major lawsuit seeking a reimbursement since the court ruled that President Donald Trump had no authority to issue tariffs under the International Economic Emergency Powers […]The post FedEx Sues US Government to Recoup Tariff Losses appeared first on PYMNTS.com.

Watch more: Need to Know With Visa’s Chavi Jafa Nearly half of growth corporates across Asia Pacific, companies with revenues between $50 million and $1 billion, say they don’t use working capital tools. Not because they don’t need them, but because what’s available doesn’t match how they actually operate. That finding, from Visa’s latest […]The post Asia Pacific CFOs Push Banks to Rethink Working Capital, Study Finds appeared first on PYMNTS.com.

Watch more: What’s Next in Payments With Velera’s Cody Banks The payments environment facing credit unions in 2026 reflects a subtle yet consequential shift in emphasis, as competitive pressures, member expectations and technological capabilities converge around a single organizing principle. For Cody Banks, senior vice president of Product Experience and Enablement at credit union […]The post Credit Unions Build Cloud Data Strategy to Stay Competitive appeared first on PYMNTS.com.

Watch more: What’s Next in Payments With The Clearing House’s Sal Karakaplan A single word rarely captures the trajectory of an entire industry. Yet during periods of structural change, language often provides a useful lens through which priorities, anxieties and ambitions can be understood. During a conversation for the February edition of the What’s […]The post The Clearing House: Trust Is the Gatekeeper for What’s Next in Payments appeared first on PYMNTS.com.

Big Tech spent millions on flashy Super Bowl commercials to hype generative artificial intelligence as a creative tool for the masses, but the holy grail is locking down lucrative enterprise subscriptions for armies of corporate employees. Multinational giants like Alphabet don’t just sell 8 million Gemini Enterprise seats in four months for novelty’s sake. Google’s […]The post GenAI Becomes the CFO’s Most Reliable Analyst appeared first on PYMNTS.com.

The smartphone is no longer just a shopping tool. It has become the storefront. That was the central takeaway from the “2025 Global Digital Shopping Index: The Rise of the Mobile Window Shopper and What It Means for Payments,” a PYMNTS Intelligence report commissioned by Visa Acceptance Solutions. Drawing on surveys of 18,468 consumers […]The post Nearly Half of Shoppers Used Mobile for Their Latest Retail Purchase appeared first on PYMNTS.com.