Chewy Puts a $50 Million Price Tag on AI Productivity
Chewy CEO Sumit Singh projects AI will reduce costs by $50 million in fiscal 2027, up from low tens of millions this year.
PYMNTS AI·18 Sept 2026
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Chewy CEO Sumit Singh projects AI will reduce costs by $50 million in fiscal 2027, up from low tens of millions this year.
Anthropic is partnering with Accenture as an embedded evaluator to assess enterprise model deployments and risks.
British data centre start-up Nscale filed for a $35bn US listing following a major compute supply contract win with Anthropic.
Unsealed court documents reveal OpenAI and Microsoft internal notes warning data scraping could damage web ecosystems and face legal risks.
AWS reviewed 13 Amazon SageMaker AI inference launches for 2026, covering managed endpoints and HyperPod Inference capabilities.
Anthropic is partnering with Accenture to embed external evaluators directly within its operations to test advanced AI model safety.
Oracle's $18bn data centre debt faces strain from permitting delays and local opposition in New Mexico, FT reports.
Anthropic is reportedly targeting over $100 billion in annualized revenue ahead of a potential November IPO, according to report.
Plaid partners with ID.me to help US government agencies verify beneficiary identities and validate financial accounts.
Nscale, an AI data center developer backed by Nvidia, filed for an IPO in New York to fund computing hardware expansion.
Alibaba.com launched CommerceAgentBench, an open-source GitHub toolkit to evaluate the failure modes of AI agents in commerce tasks.
Wired analysis explores the technical and logistical challenges of enforcing a potential industry-wide AI development pause.
NVIDIA introduced AIPerf, an open-source benchmarking tool designed to measure LLM inference performance at scale.
Fintech startup Rivo raises $3.1M in seed funding to automate household cash management and move idle checking balances into Treasuries.
Temporal Technologies raised $550M in AI infrastructure funding, highlighting sustained capital allocation toward workflow orchestration tools.
Virginia's Governor ordered steps empowering local communities to slow data center approvals and banned executive branch NDAs.
Nvidia, Google, and Emerald AI launched an alliance to dynamically manage data center power consumption based on grid conditions.
Ant International unveiled an AI-native financial stack featuring nearly 100 products for payments, FX, and treasury operations.
AI Now Institute researcher argues ordinary security engineering would have prevented recent Hugging Face security incidents.
Recent analysis highlights persistent copyright leakage in LLMs and widespread overclaiming of completed work by coding agents.
At MCPCon Europe, the AAIF head highlighted adoption hurdles for Model Context Protocol, including multi-agent identity and overlapping standards.
KPN partners with McKinsey to deploy agentic AI for managing millions of routine customer service calls in the Netherlands.
California Governor Gavin Newsom advances legislation requiring an AI 'kill switch' to address emerging safety concerns.
Anthropic CEO Dario Amodei proposed using independent safety evaluators and international coordination to pace frontier AI development.
Anthropic CEO Dario Amodei proposed independent safety evaluators and inter-lab coordination in democracies to pace frontier AI development.
California Governor Gavin Newsom issued an executive order directing experts to recommend frontier model oversight mechanisms, including a potential kill switch.
Ant International launched accounts for AI agents via WorldFirst, using smart contracts to manage agent identity and monitoring.
Moonshot AI's Kimi K3 open-weight model is now available on Amazon Bedrock, featuring a 1-million-token context window and prompt caching.
Manus is reportedly seeking to raise $500 million at a $4 billion valuation as it resumes independent operations following a failed Meta merger.
Google Cloud added native BM25 ranking to AlloyDB and Cloud SQL to enable hybrid vector and exact keyword search for RAG applications.