News

Retail
Walmart Promotes Upcoming Deals as It Prepares ‘Holiday Kickoff’ Event
October 05, 2023

Walmart has shared with the public some of the deals it will offer as it works to get a jump on its competitors by helping shoppers get an early start on their holiday shopping. The retailer will offer a “Walmart Deals — Holiday Kickoff” savings event...

IPO
Birkenstock May Struggle to Find Footing in Rocky IPO Market
October 05, 2023

Birkenstock may need a bigger toe-hold in the direct-to-consumer market before it goes public. That’s according to a Thursday (Oct. 5) report by Reuters, citing comments from investors and analysts who say the sandal-maker needs to increase sales via its website and boutiques before its initial public...

Security & Fraud
Lawmakers Raise Concerns Over Social Media’s Deepfake Problem
October 05, 2023

Generative artificial intelligence (AI) can digitally create nearly everything and anything. And that is becoming a problem. One of the world’s most popular YouTubers, MrBeast, and America’s dad, Tom Hanks, are separately speaking out against the illicit use of their synthetic likenesses in new deepfake...

Investments
Cobre Raises $13 Million to Expand Payment Automation Platform
October 05, 2023

Cobre has reportedly raised $13 million to take its treasury platform beyond its native Colombia. As TechCrunch reported Thursday (Oct. 5), the company plans to enter Mexico next year, while also updating its product — initially designed for big companies — for use by smaller businesses. Jose...

Biometrics
Amex Adds Biometrics to SafeKey Authentication Tool
October 05, 2023

American Express said it is adding facial and fingerprint recognition to its SafeKey authentication tool. The upgrade, announced Thursday (Oct. 5) is designed to prevent fraud and streamline checkout, and makes American Express the first card issuer to roll out these biometric features, the company...

Artificial Intelligence
AI Shifts Into the Next (Generative) Gear in Healthcare
October 05, 2023

Artificial intelligence (AI) has been transforming health and medicine for several decades, whether through diagnostics, personalized medicine, data analytics or other innovations. The advent of generative AI is now reshaping drug discovery, diagnostics, clinical decisions and delivery of care. Traditional healthcare companies — whether healthcare...

Retail
Third-Party Sellers Talk Shop as Amazon and Walmart Put Marketplaces in Spotlight
October 05, 2023

In today’s hyper-competitive business landscape, small- to medium-sized businesses (SMBs) face challenges in standing out and reaching consumers. The rise of eCommerce has transformed the way consumers shop, and retail giants like Amazon and Walmart have capitalized on the shift by providing third-party marketplace solutions....

Retail
Why Walmart Grocery Sales Are at Risk
October 04, 2023

Walmart has reportedly found that customers who buy appetite-suppressing medications like the diabetes drug Ozempic are buying less food. The retailer is analyzing anonymized data on shopper populations to gain insights into changes in sales patterns among individuals who are taking the drug compared to those...

Artificial Intelligence
Vistry Unveils AI Customer Assistant Chatbot for Food Commerce
October 04, 2023

San Diego-based startup Vistry has introduced its conversational artificial intelligence (AI) platform for food commerce, featuring an AI customer assistant chatbot called LumoChat. The chatbot aims to assist customers in their online ordering tasks across various channels, such as web and mobile, Vistry said in...