Generative artificial intelligence (AI) has most companies looking to buy and integrate, not build, solutions. That’s because the sheer computing cost of running large language models (LLMs), much less the considerable expertise required to build them, leaves most enterprises with little say in the matter....
Walmart may be well ahead of Amazon in terms of share of the total grocery market, but when it comes to the center aisles, the latter is pulling ahead. According to PYMNTS data, Walmart’s share of the total food and beverage market is about seven...
Banks are reportedly expanding their efforts to cater to the world’s wealthiest people. J.P. Morgan Chase’s 23 Wall, for example, is a family office that includes about three dozen people catering to 700 families worth more than $4.5 trillion, Bloomberg reported Tuesday (May 30). Goldman Sachs and Citigroup,...
The proliferation of celebrity-backed brands in recent years has led to a saturation of the market, resulting in a diminishing impact on audience engagement. Celebrities, acknowledging this shift, are now exploring the realm of in-store experiences as a strategic approach to revitalizing their brands. By...
Artificial intelligence (AI) is a hot tool these days. Not only is it helping brands and retailers streamline business operations to become more efficient but it’s also playing a crucial role in enabling brands and retailers to distinguish themselves and captivate consumers. See also: Retailers...
Generative artificial intelligence (AI) is so new, many of its potential problems may not even be on anyone’s radar. Already, the world has grappled with concerns about all the data that goes into a large language model (LLM), including both training and user inputs, and...
Six Flags has reportedly become the first theme park offering Amazon’s “Just Walk Out” technology. The pilot program, set to launch next month at the amusement park operator’s New Jersey location, comes as consumers are increasingly seeking frictionless checkout experiences. In this case, that will...
The value of U.K. cryptocurrency fraud hit a record high following the collapse of FTX. That’s according to a recent report by law firm RPC, which found that the value of fraud during the 12 months ending March 31 of this year was at £306...
The death of FinTechs — and of FinTech funding — has been greatly exaggerated. Yes, venture capital funding in the space is slowing. And depending on where you look, it’s waning in general. By way of example: CB Insights has estimated that global FinTech funding...
