With more than 100 million monthly users, OpenAI’s ChatGPT is the fastest-growing consumer application in history. Now, governments around the world are attempting to keep up with the rapid pace of innovation surrounding artificial intelligence (AI) technology, as a growing suite of headline-grabbing and efficiency-driving...
Government incentives are spurring nationwide industry investment as manufacturers race to find space to fulfill demand. As first reported last week (April 8) by the Wall Street Journal, the industrial real estate market is booming, as manufacturing-related construction reached a dizzying $108 billion last year. New factories...
Amazon Web Services (AWS) has launched new services to help companies build generative artificial intelligence (AI) tools. One new offering, Amazon Bedrock, gives customers access to foundation models (FMs) developed by AWS and other companies so they can choose the model that is best suited...
While it’s never been clear whether brands and retailers were ever truly welcome in the metaverse, or if it was just an intrusion into a space meant for pure entertainment and disassociation from the real world, it seems the investments retailers have made have not...
Retailers are reporting good results from new retail media advertising tools offered by Meta. A month after the company launched Managed Partner Ads Lite and local inventory ads, retailers who have deployed these solutions have seen a lift in sales, Modern Retail reported Friday (April...
When guests check in to a luxury hotel, they expect to enjoy ultimate comfort, exceptional customer service, access to high-end amenities and facilities, and the chance to indulge in a unique and exclusive experience. These factors make up the customer experience brands want. Hotels of...
While SNAP subsidy cuts will impact its bottom line, Walmart expects much of the revenue loss to return through other tender types. Among the investor concerns Walmart CFO and Executive Vice President John David Rainey addressed during the retailer’s 2023 Investment Community Meeting Q&A were possible...
Express (EXPR) and WHP Global have acquired Bonobos from Walmart for a combined $75 million. Brand management firm WHP Global will buy the Bonobos brand for $50 million, while fashion apparel retailer EXPR will acquire the operating assets and assume the related liabilities of the...
Embedded finance would not be possible if not for Banking-as-a-Service (BaaS), a fee-based model that allows nonfinancial companies to offer financial services to their end users by connecting directly with banks’ systems using application programming interfaces (APIs). This connection enables third parties to leverage banks’...
