May 21, 2024
Bolt CEO Says Shopper Identity Will Redefine Retail
It was former GE chairman and management guru Jack Welch who once said: “You can’t grow long-term if you can’t eat short-term. Anybody can manage short. Anybody can manage long....
May 20, 2024
OpenAI, Google Double Down on Visuals With Multimodal AI
In the cutthroat world of artificial intelligence, tech behemoths are betting big on a new frontier: multimodal AI. As the shine of text-based chatbots dims, companies are gambling that the...
May 20, 2024
Walgreens Teams With Banyan for Item-Level Data
Walgreens has formed a partnership with Banyan, a platform offering merchants item-level receipt data solutions. By adding Baynan’s item-level data capabilities, the companies said in a news release provided to PYMNTS Monday...
May 19, 2024
Snapchat Aims to Spend $1.5 Billion Per Year on AI
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition that we’d fallen behind the curve on...
May 17, 2024
Consumers Opt-In for Digital Wallet Options That Manage Spending
As consumers look for simpler and more intuitive eCommerce experiences, Harvest Hosts sees providing more payment options as key to meeting shoppers’ demand to be able to control how they manage their...
May 17, 2024
UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. “The CMA has decided that Microsoft Corporation’s partnership with Mistral...
May 17, 2024
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money, Simon said that when the...
May 17, 2024
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income...
May 16, 2024
Walmart’s Luminate Data Platform Goes International
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide. Walmart’s data analytics product suite will be expanded to Walmex in Mexico before...
