May 06, 2024
Tech Giants Intensify AI Investments to Strengthen Connected Economy
As businesses seek to strengthen the connected economy, they are harnessing artificial intelligence (AI) to bolster security measures and combat the ever-evolving landscape of sophisticated cyberthreats. Accenture and Oracle announced a joint...
May 06, 2024
Five Ways Consumers Are Pumping the Brakes on Spending
We may be witnessing the beginnings of a great pullback in consumer spending. At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers, the strategies are multipronged: trading...
May 06, 2024
Report: Microsoft Working on ‘Far Larger’ In-House AI Model
Microsoft is reportedly working on a new, in-house artificial intelligence (AI) model that is “far larger” than the other open source models it has trained. The new model, MAI-1, is expected to have about...
May 06, 2024
Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’...
The rise of open banking and FinTechs is changing the fabric of financial services. Data sharing and pacts between traditional financial institutions and digital-only innovators promise to bring innovation to...
May 06, 2024
Starbucks Ex-CEO Urges Leaders to Return to Stores
Starbucks’ former CEO said the chain’s leaders need to spend more time at its stores. Howard Schultz made the argument on LinkedIn Sunday (May 5), days after the company reported its steepest drop in U.S. customer...
May 05, 2024
Are Consumers ‘Done With Fast Food’ as Prices Climb?
Denis Montenaro, a regular McDonald’s diner, recently came to a decision. “I’m done with fast food,” the 75-year-old California resident told The Wall Street Journal (WSJ) in a report published Sunday (May 5)....
May 03, 2024
Integrated Health Metrics Unlock New Frontier for Connected Wellness
In the wake of Peloton’s restructuring efforts that come amid a decline in user engagement and a shrinking user base, the connected fitness industry finds itself at a critical juncture. While Peloton’s actions shed light on sectoral...
May 03, 2024
This Week in AI: Anthropic Goes to iPhone, AI Programming,...
This week in artificial intelligence, Anthropic is launching its first smartphone app. In computer programming, AI is rapidly reshaping practices from Silicon Valley to major tech firms. Despite Europe’s tech...
May 02, 2024
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’
This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last July. The move went against...