The issuer, which surpassed $100 billion in assets last year, is preparing for another aggressive expansion of its product lineup.

CEO Chris Kempczinski told CNBC Wednesday the company expects inflation and mediocre traffic to continue for the foreseeable future.

Both of the companies that have led the AI revolution released new, cheaper AI models Tuesday. OpenAI’s two new models, GPT-6 Sol and Luna, are part of the company’s tiered system: Sol, built for ...