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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. LaunchPad Medical of Lowell received a $2.5

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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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Flipkart To Compete With Amazon Via Video Streaming

PYMNTS

Borrowing from the playbook of Amazon, Walmart’s Flipkart reportedly intends to begin a free video streaming service in India in the coming months. The eTailer is looking to launch video streaming for Flipkart Plus loyalty program members by September before the peak Diwali shopping season, Bloomberg reported.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. Background for genAI use cases Defining generative AI for banking Generative AI is a class of artificial intelligence (AI) models that can create new content—text, images, audio, or video—from existing data.

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Future Tech Comes To eCommerce

PYMNTS

Ninety-five percent of respondents to a recent survey preferred an interactive 3D representation to video playback. By blending the physical and digital worlds and enabling users to actively shape their experiences, AR offers unique ways for marketers to interact with consumers,” says a recent report from Boston Consulting Group.

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Paytm Plans Messaging Service To Compete With WhatsApp

PYMNTS

The new messaging service will allow its users to send audio, video, pictures and texts. WhatsApp, which had 200 million monthly active users as of February in India, its biggest single market, has also been looking at moving into digital payment services there.

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Super-Sizing Commerce For The Super Bowl

PYMNTS

Super Bowl LI is less than 24 hours away from kicking off and deciding once and for all which city is better — Atlanta or Boston (though obviously it’s Boston — since the global headquarters for PYMNTS.com is located here). And then there’s Tom Brady.

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