News

Investments
Hive AI Seeks to Raise $200 Million at $4 Billion Valuation
August 11, 2023

Hive AI, a San Francisco-based software company that uses artificial intelligence (AI) to moderate digital content, is reportedly working to raise $200 million in a funding round, with a valuation of up to $4 billion. The funding round comes two years after Hive was valued...

Retail
Merchants Push for New Laws to Combat Organized Retail Theft
August 11, 2023

Retailers and trade associations across the country are pushing for state and federal laws to impose harsher penalties for those engaging in organized retail crime. Since 2022, at least nine states have passed laws to do just that, six of which have occurred this year,...

Delivery
Uber Eats Expands Alcohol Selection to Boost New Verticals’ Margins
August 11, 2023

As aggregators seek to embed their offerings more deeply in consumers’ day-to-day routines, Uber is tapping Hy-Vee’s alcoholic beverage selection to drive adoption of its non-restaurant verticals while boosting basket size. On Friday (Aug. 11), the mobility and delivery company announced that Uber Eats is...

Digital Banking
Starling Bank to Expand into Asia-Pacific
August 11, 2023

Starling Bank plans to make its first expansion outside of Europe, moving into the Asia-Pacific (APAC) region. The British neobank has been in talks with an Asian bank about taking its Banking-as-a-Service (BaaS) platform, Engine, into a country in Asia, although it declined to identify the country or Asian...

Retail
American Eagle’s Aerie Looks to Localization to Drive Conversions
August 11, 2023

Personalization has become the norm, and retailers without this feature are considered obsolete and disconnected.  Yet when exploring personalization, many strategies come into play. One approach, embraced by numerous retailers, is localization. Brands localize to extend their influence from eCommerce into brick-and-mortar retail, or dial...

Artificial Intelligence
James Allen Offers ChatGPT Assistant Subscriptions to Shoppers
August 11, 2023

Generative artificial intelligence (AI), particularly OpenAI’s ChatGPT, has become a major trend in retail. Brands and retailers are integrating it due to consumer demand for interactive experiences. In recent forays, the use of plug-ins has emerged, necessitating a monthly subscription fee of $20. Brands and retailers are already...

Fintech Investments
FinTech IPO Index Plunges 6.6% as Upstart and Nuvei Earnings Weigh on Shares
August 11, 2023

Seemingly everywhere you looked this past week, earnings were the sole arbiter of how stocks performed. And no matter the earnings, almost across the board, the performance was decidedly to the downside. The FinTech IPO Index sank 6.6% through the past five sessions, led by...

Social Commerce
X Promises Robust Brand-Safety Tools for Advertisers
August 10, 2023

X, the social media platform formerly known as Twitter, will continue rolling out brand-safety tools for advertisers. The platform is committed to free expression while also protecting brands, X CEO Linda Yaccarino said during a live audio event held Thursday (Aug. 10) on X, The Wall...

Regulation
Treasury Department to Propose Beneficial Ownership Reporting Rules for Real Estate
August 10, 2023

Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. The U.S. Treasury Department will propose a rule this month that will require real estate professionals to report this information to its Financial Crimes...