Tag: payments

OpenAI has partnered with Indian fintech firm Pine Labs to embed its application programming interfaces into the company’s payments and commerce platform. The collaboration aims to automate settlement, reconciliation and invoicing workflows, extending AI‑driven efficiencies from Pine Labs’ internal operations to merchants and corporate clients. The move reflects OpenAI’s broader push to deepen its presence in India beyond consumer‑facing tools, while Pine Labs seeks to boost B2B adoption of AI agents for high‑volume financial tasks. The partnership is non‑exclusive, does not involve revenue sharing, and includes new security and compliance measures. Leggi di più

San Francisco startup Sapiom has closed a $15 million seed round led by Accel, with participation from Okta Ventures, Gradient Ventures, Array Ventures, Menlo Ventures, Anthropic, and Coinbase Ventures. The company is building a financial layer that enables AI agents to automatically purchase and access software, APIs, data, and compute services. By handling authentication and micro‑payments behind the scenes, Sapiom aims to remove infrastructure hurdles for non‑technical creators building AI‑driven applications, focusing initially on B2B use cases. Leggi di più

Amazon disclosed a reduction of roughly 14,000 corporate positions, citing the rapid evolution of artificial intelligence as a primary driver. The move follows earlier speculation that up to 30,000 jobs could be eliminated. Affected areas include video games, logistics, payments, and cloud computing, while prior cuts have touched Prime Video, Amazon Web Services, and newly unionized warehouse staff. Senior Vice President of People Experience and Technology Beth Galetti emphasized the need for a leaner structure to keep pace with AI advancements, describing the technology as the most transformative since the Internet. Leggi di più

Google announced an open Agent Payments Protocol, dubbed AP2, to enable AI agents to shop and transact on behalf of users. Backed by dozens of merchants and major financial institutions, the protocol aims for interoperability across AI platforms, payment networks and vendors while maintaining a verifiable transaction trail. Google executives Stavan Parikh and Rao Surapaneni highlighted the commitment to an open, collaborative development process. AP2 introduces a two‑step approval system—intent and cart mandates—to safeguard user intent, and includes provisions for fully automated purchases. Partnerships with crypto firms such as Coinbase, Metamask and the Ethereum Foundation expand the protocol to digital wallets, while industry players like Perplexity, Stripe, Mastercard, American Express and PayPal have shown support. Leggi di più