India is preparing to add a voice-enabled feature to its Universal Payments Interface (UPI) system. But are the country’s bankers speaking the same language? A report Monday (Sept. 11) by Bloomberg News paints them as cautiously optimistic about the technology. Last month, the Reserve Bank of India released a...
In the past few years, grocery stores have significantly transformed, expanding beyond their traditional role as food suppliers. They have evolved into comprehensive shopping destinations, offering many products, including beauty and health items. This transformation has ushered in an era of unparalleled convenience for consumers,...
Instacart is reportedly aiming for an initial public offering target far below its past valuation. The grocery delivery company’s initial public offering (IPO) could come by next week, with the firm targeting a valuation between $8.6 billion to $9.3 billion, the Wall Street Journal reported Sunday (Sept. 10),...
China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. A report Sunday (Sept. 10) by Reuters notes that the departure of Daniel Zhang is a surprise, as he had left his role as the company’s chairman and CEO...
Walmart is reportedly considering purchasing a majority share of primary care chain ChenMed. The proposed deal, reported Friday (Sept. 8) by Bloomberg News, would mark Walmart’s largest healthcare foray so far, happening at a time when a number of retailers are expanding their presence in the health space. According...
When was the last time you saw the Yellow Pages? Probably in 2019, since that was the last time it was published. Well, that thick, yellow book, which was created as a business telephone directory and once served as an invaluable tool for consumers seeking...
The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. In an internal review released Friday (Sept. 8), the FDIC evaluated its supervision of First Republic Bank from 2018 until its failure in May. The review shed light...
The U.S. Congress is reportedly taking steps to address the potential risks associated with the rapid advancement of artificial intelligence (AI). Three hearings are scheduled for next week, bringing together industry executives, leading experts and government officials to shape legislation that aims to protect against...
Eric Schmidt, the former CEO of Google, has reportedly emerged as a powerful force in the world of technology and artificial intelligence (AI). With a fortune of $27 billion, Schmidt has leveraged his wealth and influence to shape public policy and government decisions, Bloomberg reported...
