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In 1967, it was the Summer of Love. In 2020, it was the summer of COVID-19. When summer 2024 goes in the books — from an economic perspective anyway — it just might be remembered as the summer of the U.S. consumer.
As the banking and payments industry came out of Memorial Day weekend, two reports put a more optimistic spin on summer than recent inflation data would suggest.
As Federal Reserve...
Coming into the holiday-shortened trading week, the CE 100 Index lost 2.4%. All pillars posted declines for the week that ended May 24.
Peloton helped bring the “Be Well” pillar down by 4.5%. The stock’s 19.6% loss came as the company announced a private offering of $275 million aggregate principal amount of convertible senior notes due 2029. The company also said it would enter into a $1...
As we approach the middle of the year, here are five of the major ways that the retail landscape has changed in 2024 so far.
Amazon Pivots on ‘Just Walk Out’
Last month, news broke that Amazon is pulling back on Just Walk Out technology in its own grocery stores, even as it pushes sales of the checkout system to external merchants.
Dilip Kumar, vice president at AWS Applications, argued that the...
The smartphone industry is poised for a seismic shift, propelled by advancements in artificial intelligence (AI).
AI is expected to bring many advanced features to smartphones, fundamentally changing how users interact with their devices. And with advanced features comes growth. According to a recent SkyQuest Technology Group report, the mobile AI market is projected to reach $114.36 billion by...
At Apple’s upcoming developers conference, artificial intelligence (AI) is expected to be the star of the show.
However, Bloomberg News wrote Sunday (May 26), the company has a tough act to follow: selling investors and consumers on the idea that it’s doing exciting things with AI in the wake of big rollouts from Microsoft, Google and OpenAI.
“The big question is whether it really matters that...
Tech workers are scrambling to add artificial intelligence (AI) capabilities to their resumes.
As The Wall Street Journal (WSJ) reported Sunday (May 26), it’s a shift happening as tech companies are also trying to reposition themselves as AI firms, and trying to get their staff to be more savvy about the technology.
“I’ve been leading with an AI-tailored resume for the last two to three months,”...
Elon Musk’s artificial intelligence (AI) startup xAI is hoping to build its own supercomputer.
The tech billionaire aims to launch the project — which would run the next iteration of xAI’s chatbot Grok — as early as next year, The Information reported Saturday (May 26), citing an investor presentation.
Musk has said in public that xAI will need up to 100,000 specialized semiconductors to train...
Last week, Microsoft debuted a line of artificial intelligence (AI)-ready personal computers.
New findings by Morgan Stanley — the subject of a report Sunday (May 26) by Seeking Alpha — argue that the tech giant’s rollout could usher in a new wave of PC sales.
“We believe that the commercial PC market will be the initial adopters of AI PCs given they are primarily being marketed as productivity...
In the mind of Google’s AI Overviews, glue is a pizza ingredient.
Rocks are edible.
And smoking while pregnant is considered healthy.
If you’ve spent any time at all on social media in the last few days, you might have seen these wildly inaccurate results that apparently came from Google’s artificial intelligence (AI)-powered search tool go viral. Those results are now disappearing — as The Verge...
What happens when consumers grow too cash-strapped for discount stores?
In some cases, the stores go under.
As Bloomberg News reported Sunday (May 26), the economic pressures on lower and middle-income Americans have begun to impact the retailers that cater to them.
For example, fashion retailer Rue21, whose customers have an average annual household income of around $50,000, filed for...