Tag: Commerce

Get ready for a direct-to-consumer shakeup in 2020

You can say that 2019 was the year of the direct-to-consumer (DTC) retail brand. With a huge influx of new funding and new scaling heights, we saw brands emerge trying to “own” categories ranging from mattresses to luggage to dental to shaving. But with all the hits there were definitely some misses as brands struggled to meet the valuation expectations set […]

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AI Weekly: Calls for facial recognition moratorium highlight need for protection from surveillance tech

The debate over whether to ban or place moratoriums on the use of facial recognition started last year in cities like San Francisco, but the debate reignited this week when Alphabet and Google CEO Sundar Pichai said he’s open to a moratorium on facial recognition. “It [facial recognition regulation] can be immediate, but maybe there’s […]

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Big tech’s credibility crisis: Fake news, fake goods, and fake reviews

Big tech’s role in the spread of misinformation and “fake news” is well documented, and as we enter a U.S. presidential election year you might expect the issue to be a burning priority. In the face of public scrutiny, tech giants have begun targeting various credibility issues over the past year, with Facebook introducing measures […]

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U.S. Senate committee tackles shortage of 5G tower climbers

While 5G cellular networks are beginning to spread across the United States, comprehensive rollouts of the next-generation technology are being held up by a significant shortage of professional installers — “tower climbers,” as they’re known in the trade — and there’s no immediate solution in sight. That’s the key takeaway from testimony delivered to the […]

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Adobe’s AI lets you preview any item of clothing on a virtual body model

Platforms that let shoppers virtually try on cosmetics, apparel, and accessories have exploded in popularity over the past decade, and it’s easy to see why. According to a survey conducted by banking company Klarna, 29% of shoppers prefer to browse for items online before actually buying them, while 49% are interested in solutions that take […]

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AI startups raised record $26.6 billion globally in 2019

Artificial intelligence startups appear to be booming. Global venture capital increased 20% in 2019, while acquisitions jumped 24.8% from the previous year. According to a new report from CB Insights, AI companies raised $26.58 billion across 2,235 deals in 2019, up from 1,940 deals the previous year that totaled $22.148 billion. The 2019 numbers included […]

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NexTech AR enters VR market with virtual shopping platform VRitize

As mixed reality technologies have continued to gather steam over the past several years, virtual reality companies including Facebook have increasingly dipped their toes into the more challenging and nascent augmented reality market. Today, NexTech AR announced that it’s going in the opposite direction, bringing some of its AR tools and assets to the VR […]

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ServiceNow acquires AI for IT startup Loom Systems

ServiceNow today announced that it’s acquired Loom Systems to strengthen automated insights for customers using the Now platform for digitizing workflows to quickly fix IT issues. Loom Systems CEO Gabby Menachem and part of the Loom Systems team will join ServiceNow as part of the deal. The financial terms of the deal were not disclosed. […]

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TradeTrust: Singapore and 16 companies back Perlin blockchain for global trade platform

TradeTrust is a new digital global trade platform that uses blockchain technology to digitalize international commerce. The technology can solve a variety of problems, like why it takes two days to ship a product to a specific place, but it takes five days for the paperwork to catch up. TradeTrust could be a very big […]

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Uber offloads Indian food delivery business to Zomato in all-stock deal

Uber has offloaded its Indian Uber Eats business to local rival Zomato, one month after reports first emerged that the U.S. company was in advanced talks to move away from food delivery in India after failing to gain sufficient traction. The all-stock transaction sees Uber gain a 9.99% stake in Zomato. It also represents part […]

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Apple CEO calls for global corporate tax system overhaul

(Reuters) — Everyone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration. The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organization for Economic Cooperation and […]

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Scoutbee raises $60 million to expedite supplier discovery with AI

Supplier discovery often isn’t a walk in the park. According to a survey by Thomasnet, nearly 50% of buyers have worked with a supplier that unexpectedly went out of business. That’s why in 2015, four German entrepreneurs — Christian Heinrich, Fabian Heinrich, Gregor Stühler, and Lee Galbraith — founded Scoutbee, which develops and sells access to […]

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AI Weekly: Meta analysis shows AI ethics principles emphasize human rights

One of the trends that came into sharp focus in 2019 was, ironically, a woeful lack of clarity around AI ethics. The AI field at large was paying attention to ethics, creating and applying frameworks for AI research, development, policy, and law, but there was no unified approach. The committees and groups, from every sort […]

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World Economic Forum launches toolkit to help corporate boards build AI-first companies

The value of building data-driven businesses with AI at their core is well known today, and business executives are rushing to implement the technology into their operations and gain a competitive advantage, but it’s not as simple as creating a data lake and crafting AI models. A large number of AI companies attempting to implement […]

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Google parent Alphabet is the fourth U.S. company to pass $1 trillion market cap

(Reuters) — As Google-parent Alphabet became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. Shares of the Internet search giant are up nearly 17% over the last […]

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