The United Kingdom’s antitrust watchdog is the latest government entity calling for artificial intelligence (AI) regulations. “AI has burst into the public consciousness over the past few months but has been on our radar for some time,” Competition and Markets Authority (CMA) CEO Sarah Cardell...
project44 and Nexxiot have partnered to provide real-time shipping information to supply chain participants. With Nexxiot’s real-time asset level monitoring added to project44’s supply chain visibility platform, shippers, cargo owners and supply chain participants can better mitigate risks, gain visibility and control processes, the companies said in a...
For Shopify, the shift is back to basics — a focus on eCommerce — and relying more fully on partners to get the goods to customers’ doorsteps. Shopify announced Thursday (May 4) alongside its first-quarter earnings results that it would sell its logistics and fulfillment...
European consumers are reportedly pulling their savings from bank accounts as they seek better deals. As Reuters reported Thursday (May 4), this phenomenon has emerged as some of Europe’s largest banks reported a profitable start to the year while also noting the “bank walk” trend, a slow-yet-still-noteworthy...
Bed Bath & Beyond is seeking reparations from a shipping company it says “exploited customers.” The bankrupt retailer filed its complaint against Orient Overseas Container Line Limited and OOCL (Europe) Limited (OOCL) with the Federal Maritime Commission (FMC) on April 27. “As alleged herein, respondent has exploited price inflation in container shipping...
Etsy, originally a niche platform for handmade and vintage items, is seeking to broaden its appeal beyond its specialized offerings. The company is now focused on expanding its customer base and positioning itself as an all-around shopping platform for everyday consumers. The platform’s growth has...
Alibaba is reportedly mulling a U.S. initial public offering (IPO) for its eCommerce unit. The Chinese tech giant is in the early stages of weighing the listing, Bloomberg reported Thursday (May 4), citing unnamed sources. The size of the IPO, which could potentially come next...
Despite lowering its sales outlook for the third straight quarter due to a slower-than-expected recovery in Asia, cosmetics company Estée Lauder remains optimistic about the Chinese market. The company, which also owns cosmetic brands such as MAC and La Mer, announced Wednesday (May 3) that...
White House officials will meet with tech CEOs as the President Joe Biden administration promotes “responsible” artificial intelligence. Vice President Kamala Harris and other officials are set to host the heads of Microsoft, Google parent Alphabet, OpenAI and Anthropic Thursday (May 4) as the administration...
