News

Retail
Whole Foods Looks to Sate Consumer Hunger for Prepared Meals
April 09, 2023

Whole Foods is reportedly considering opening commercial kitchens amid rising consumer demand for prepared foods. The Amazon-owned grocer would launch these kitchens to make meals for its food bars and refrigerated cases, The Wall Street Journal reported Sunday (April 9), citing people familiar with the...

Payment Methods
Report: Russians Find US Payments Sanctions Hard to Sidestep
April 09, 2023

One year after the world sanctioned their country, Russians have gotten creative in finding payment solutions. That’s according to a report Sunday (April 9) by the Financial Times (FT), which looks at the challenges of getting around U.S. dominated payment systems in the wake of...

Artificial Intelligence
GoDaddy Releases Prompts That Make Generative AI Tools Business Consultants
April 07, 2023

GoDaddy has released prompts small business owners can use with generative artificial intelligence (AI) tools. The new Small Business Generative AI Prompt Library includes prompts that can turn tools like OpenAI’s ChatGPT, Google’s Bard and Microsoft’s Bing AI into marketing copywriters, social media experts and...

Artificial Intelligence
Shipping Sector Finds Smarter Ways to Operate Using Generative AI
April 07, 2023

There is nothing simple about moving goods from point A to point B. The logistics space is not only fundamental to the conveniences of modern life, critical for facilitating global trade, and foundational to international business, but it has also served as one of humanity’s...

Mobile Payments
Kasheesh Adds Mobile Wallet Feature to Payment-Splitting Platform
April 07, 2023

Kasheesh has launched a feature that lets consumers use its payment-splitting platform in physical stores. The new Mobile Wallet Dashboard allows users to generate a one-time-use Visa card at retailers that accept mobile payments, and to split purchases between debit, credit and prepaid cards, Kasheesh...

Artificial Intelligence
Former Google CEO Says Industry Must Develop AI ‘Guardrails’
April 07, 2023

Former Google head Eric Schmidt opposes a six-month pause of artificial intelligence (AI) experiments. While the concerns about AI are legitimate — and may even be understated — a pause would only benefit China, Schmidt told The Australian Financial Review in an interview posted Thursday...

Retail
Retail Drone Delivery At Scale Needs More Runway, But Datasets Can Shorten It
April 07, 2023

As robotics and drones get added to the tech roadmaps of retailers of every stripe, the fact remains: it’s hard creating commercial robots and autonomous vehicles, as several programs fall behind their hype, still with limited operations in rural test areas. To operationalize at scale,...

Banking
JPMorgan CEO Says Banking Crisis Adds to Recessionary Pressures
April 07, 2023

The recent banking crisis has increased the chances of a recession, JPMorgan Chase CEO Jamie Dimon told CNN. The crisis is “just like another weight on the scale” adding to the pressures presented by quantitative tightening (QT), higher inflation and the war in Ukraine, Dimon...

Regulation
US Audit Regulator Plans Modernization of Over 30 Legacy Standards
April 07, 2023

The Public Company Accounting Oversight Board (PCAOB) is getting serious about its core principles. “During times of economic uncertainty, the risk of fraud is heightened, and auditors have to be more vigilant than ever,” PCAOB Chair Erica Williams said in a statement. The regulator, which...