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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Alibaba Targets Coding and Office Tasks With Low-Cost AI Model
2+ week, 5+ day ago (454+ words) Alibaba introduced Qwen3.8-Flash, a new artificial intelligence model designed to deliver cost efficiency, the company said in a Wednesday (Aug. 26) post on social platform X. ⚡Meet Qwen3.8-Flash, a multimodal MoE and an early preview of the Qwen4 architecture, now open-weight! The production…...
Oumi Want Every Enterprise to Build Its Own AI Brain
2+ week, 5+ day ago (313+ words) Oumi launched its Compounding AI Factory this month, a platform that uses AI to automate the development of custom, specialized enterprise AI models. CEO Manos Koukoumidis told PYMNTS the era of renting frontier AI is ending as enterprises look to…...
Anthropic Plans to Tweak Data Retention Rules After Enterprise Concerns
3+ week, 4+ day ago (397+ words) Anthropic plans to modify the data retention policy it announced in June, Bloomberg reported Thursday (Aug. 20), citing an unnamed source. The AI startup will still require enterprise customers that use its most advanced artificial intelligence models to retain data for…...