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Alphabet Loses $500 Billion in Market Value as AI Threatens Google Search
Google parent company Alphabet saw its stock price drop 13%, and its market value lose $500 billion Thursday (Oct. 29), marking the stock’s worst day ever, the Wall Street Journal reported Thursday. The drop followed Alphabet’s release of i
PYMNTS · Published 10/30/2026, 07:44Amazon Puts a Million Robots Behind Its AI Ambitions
Amazon’s third-quarter earnings brought the same concern that shadowed Alphabet’s results a day earlier: whether enormous artificial intelligence investments will deliver enough profit and cash to dispel fears of a spending bubble. Thursday
PYMNTS · Published 10/30/2026, 07:36FTC Takes Down 19 Fake FTC Sites in Impersonation Scam Crackdown
The Federal Trade Commission’s (FTC) battle against impersonation scams has included the removal of websites that impersonated the FTC itself, the agency said in a Thursday (Oct. 29) press release. The FTC sent letters to domain registrars
PYMNTS · Published 10/30/2026, 07:22Polymarket Restores Trading and Promises Reimbursement After Third-Party Security Breach
Prediction market firm Polymarket took its international exchange offline briefly on Thursday (Oct. 29) as it dealt with an issue related to a third-party provider, the company said in a post on X. “We’ve identified [and] fixed an issue imp
PYMNTS · Published 10/30/2026, 06:44Google Tops AI Smarts Ranking as OpenAI Slashes Prices
Google may have finally caught up with its archrivals. Its new Gemini 4 Carbon model ranks first on the Artificial Analysis Intelligence Index, an independent scorecard that had OpenAI and Anthropic ahead for most of the year. OpenAI answer
PYMNTS · Published 10/30/2026, 06:25Mistral Touts Cyber Capabilities of Its ‘Chonk’ AI Model
Mistral released an updated version of its Large 4 artificial intelligence model, saying in a Thursday (Oct. 29) announcement that it comes with improved coding and cybersecurity capabilities. The model builds on a version released in publi
PYMNTS · Published 10/30/2026, 05:53Cohere Raises $5 Billion for Alternative AI Vision
Canadian artificial intelligence company Cohere said in a Thursday (Oct. 29) company blog post that it rejects what it called “frontier fatalism.” That’s its term for the belief that AI will be monopolized by a handful of United States and
PYMNTS · Published 10/30/2026, 04:49American Express Converts Card Rewards Into Bank Deposits
American Express has introduced new ways for consumer and business cardholders in the United States to redeem rewards for a deposit into eligible American Express bank accounts, the company said in a Thursday (Oct. 29) press release. For co
PYMNTS · Published 10/30/2026, 04:41Amazon Adds 100-Plus Capabilities to AI Shopping Assistant
Amazon has introduced several new capabilities for its Alexa for Shopping artificial intelligence assistant. “Our vision for Alexa for Shopping is to make every part of shopping as convenient as possible,” Rajiv Mehta, Amazon’s vice preside
PYMNTS · Published 10/30/2026, 04:21Wabi Raises $55 Million For AI Assistant to Coordinate Groups
Artificial intelligence (AI) assistant startup Wabi has reportedly raised $55 million in new funding. The new financing values the company at $1.25 billion and will help it work on its software that lets groups of people interact with AI to
PYMNTS · Published 10/30/2026, 04:04Unilever Cuts Order Processing to 90 Seconds With AI Agents
About 2 million of Unilever’s roughly 20 million annual orders still arrive as emails, PDFs, spreadsheets and photos of paper forms, and each one used to take a person 15 to 20 minutes to key in. A system of five AI agents called NOVA now h
PYMNTS · Published 10/30/2026, 03:45Kohl’s Embeds Klarna Payment Options Ahead of Holiday Shopping Season
Kohl’s shoppers in the United States can now access Klarna’s flexible payment options when paying online or in the Kohl’s app, Klarna said in a Thursday (Oct. 29) press release. The Klarna payment options available to Kohl’s shoppers includ
PYMNTS · Published 10/30/2026, 03:39Google’s AI Exposure Exceeds the $1 Trillion It Reported
Google parent Alphabet has said demand for cloud services is rapidly increasing, citing growth in unfulfilled contracts. However, a Bloomberg News report Thursday (Oct. 29) points to a quarterly filing from the tech giant saying that upward
PYMNTS · Published 10/30/2026, 03:36GDP Grows as Inflation Squeezes Household Purchasing Power
Inflation absorbed almost all of United States consumers’ September spending increase, leaving households paying more for barely any additional goods and services. The monthly result complicates the stronger growth picture in the third-quar
PYMNTS · Published 10/30/2026, 03:22Kalshi Becomes $40 Billion Company With New Funding Round
Kalshi says it is now a $40 billion company following a $1 billion funding round. “This funding accelerates our long-term vision: building the next-generation financial exchange,” the prediction market said in announcing its Series G Thursd
PYMNTS · Published 10/30/2026, 03:11Fiverr Pivots to AI Agents as Traditional Search Erodes
Fiverr is restructuring its digital architecture to adapt to what its CEO calls a fundamental upheaval in internet search. With search engine optimization losing ground to artificial intelligence assistants, the freelance marketplace is shi
PYMNTS · Published 10/30/2026, 02:30WEX Earns Record Quarterly Revenue While Deploying AI Across Products
Intelligent payment solutions provider WEX saw growth across its business in the third quarter as it secured new business wins and drove innovation across its segments, CEO and President Melissa Smith said in a Wednesday (Oct. 2)8 press rel
PYMNTS · Published 10/30/2026, 02:29Former Swift CEO Lazaro Campos Joins Stablecoin Yield Platform OpenTrade
Former Swift CEO Lazaro Campos joined stablecoin yield infrastructure provider OpenTrade as chair of the board, OpenTrade CEO and Co-Founder David Sutter said in a Thursday (Oct. 29) post on LinkedIn. During his 25 years at Swift, Campos le
PYMNTS · Published 10/30/2026, 01:25Visa Launches Agentic Commerce Partnership With Tencent
Visa has signed an agentic commerce/cross-border payments partnership with Chinese tech giant Tencent. The agreement between the two companies is designed to meld Tencent’s payment solutions, digital platforms and technology capabilities wi
PYMNTS · Published 10/30/2026, 01:22Shopify Embraces Visa and Mastercard Agentic Payment Tech
Shopify has embedded agentic payment technology developed by Visa, Mastercard and American Express into its checkout feature, Shop Pay. “I’m excited to share that we’re working with Visa, Mastercard, American Express and Discover to enable
PYMNTS · Published 10/30/2026, 01:22New York, Wyoming Coordinate Digital Asset Oversight as Regulators Seek Greater Alignment
New York and Wyoming financial regulators have agreed to coordinate oversight of digital asset businesses, creating a framework for faster licensing reviews, joint examinations and enforcement cooperation as authorities confront an industry
PYMNTS · Published 10/30/2026, 00:44Mastercard Backs Tokenized Card Payments for Agentic Commerce
Mastercard wants artificial intelligence shopping agents to use tokenized versions of consumers’ chosen cards, preserving the payment preferences, rewards and controls attached to those accounts. During Mastercard’s third-quarter earnings c
PYMNTS · Published 10/30/2026, 00:43Walmart and Home Depot Set the Rules for AI Shoppers
An artificial intelligence (AI) agent can now put groceries in a cart and pay for them, and the retailer on the other end decides whether the agent gets in, what it can see and who pays when the order is wrong. Walmart introduced three tool
PYMNTS · Published 10/30/2026, 00:38UBS Employees Run 12,700 AI Agents as Bank Automation Accelerates
UBS employees are using more than 12,700 personal artificial intelligence agents in their daily activities, the bank said in a press release outlining its third quarter results. These AI tools include ones used for software development, whi
PYMNTS · Published 10/29/2026, 23:53
