As buzz around generative artificial intelligence (AI) grows, critics have called for more guardrails. Observers are particularly worried about the potentially harmful effects of the landmark technology’s ability to generate entirely false, or synthetic, media — be it images, text, video and more. On Monday (May 22), an...
Stytch has added B2B authentication to its platform that already provides B2C authentication. This new offering enables businesses to add authentication to their B2B products and applications without having to build it themselves, Stytch said in a Tuesday (May 23) press release. “Our goal is...
FinTech-focused venture capital firm QED Investors has closed two funds worth $925 million. The funds, announced Tuesday (May 23), consist of an early stage fund worth $650 million and a $275 million early growth-stage fund. This brings the total funds under management by QED to...
Avalara has unveiled a new tool to help multinational businesses streamline their compliance with eInvoicing mandates. The new Avalara E-Invoicing and Live Reporting is a compliance application programming interface (API) that provides a centralized solution for compliance with the growing number of country-specific eInvoicing initiatives, Avalara said in a Tuesday...
Walmart is the latest player in the up-and-coming pet telehealth sector. The company has agreed to provide Walmart+ members a free year’s subscription to veterinary telehealth platform Pawp, according to published reports. The deal, expected to be officially announced Tuesday (May 23), comes as Walmart is using its Walmart+...
With consumers focused on sustainability, British fashion retailer ASOS has launched a clothing rental program. The company on Tuesday (May 23) announced a partnership with rental marketplace Hirestreet, arriving in time for this year’s wedding season. “In the UK in 2023, the average cost of...
After experiencing two consecutive quarters of sales decline, Farfetch has experienced a remarkable turnaround, as indicated by its first-quarter 2023 earnings report. The online luxury retailer surpassed analysts’ projections by achieving 8% year-over-year (YoY) revenue growth. Encouraged by this momentum, the Farfetch is now placing significant...
As brands and retailers look to translate real-life experiences into the online realm, beauty and fashion tech solutions provider Perfect Corp. is looking to augment them. In its latest development, the artificial intelligence (AI) and augmented reality (AR) provider has teamed up with French green...
Private equity operations are reportedly gloomy about their portfolio companies regaining their high valuations. That’s according to an analysis published Tuesday (May 23) by the Financial Times (FT), which finds these firms are increasingly selling shares in those companies at a discounted rate compared to...
