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At the core of Booking Holdings’ long-term strategy is CEO Glenn Fogel’s belief in the impact of generative artificial intelligence (GenAI). He is looking to this technology as a cornerstone for long-term growth in the travel industry.
“In a few days marks my 25th year at this company, and I’m more excited than ever about our potential with the transformative force of generative AI,” Fogel said...
Amazon overtook Walmart in quarterly revenue in the fourth quarter.
Walmart said Thursday (Feb. 20) that it earned $180.5 billion during the quarter, while Amazon said Feb. 6 that it brought in $187.8 billion in the same period, CNBC reported Thursday.
These results marked the first quarter since 2012 that Walmart has not been the top revenue generator, according to the report. In 2012, it...
OpenAI Chief Financial Officer Sarah Friar said Thursday (Feb. 20) that it’s within “the realm of possibility” that the company could achieve $11 billion in revenue.
OpenAI’s continuing innovations have kept it from becoming a “commodity,” Friar told CNBC in an interview.
CNBC reported in September that OpenAI expected $5 billion in losses on $3.7 billion in revenue in 2024 and that an unnamed...
The Federal Trade Commission said Thursday (Feb. 20) that technology platforms may be breaking the law when they deny or degrade users’ access to services based on the content of their speech or affiliations.
“Such actions taken by tech platforms may harm consumers, affect competition, may have resulted from a lack of competition, or may have been the product of anti-competitive conduct,” the FTC...
Scientific discovery is often a laborious, multi-step process that involves making observations, forming a hypothesis, conducting experiments, analyzing the data and drawing conclusions.
One of the hardest steps in the process is coming up with a new idea to test. Now, Google has introduced an artificial intelligence (AI) system that can help scientists formulate new hypotheses, grounded in...
As Walmart navigates a shifting trade landscape, the specter of new tariffs imposed by the Trump administration is casting a shadow over the retail giant’s hallmark promise: everyday low prices. With President Donald Trump threatening sweeping levies on imports from China, Mexico, Canada and India, Walmart executives are bracing for a challenge that could upend the retailer’s carefully calibrated...
Cybersecurity is top of mind for many C-suite executives.
However, it’s middle-market chief financial officers in particular that are feeling the pressure, according to the PYMNTS Intelligence report “Cybersecurity Risks Cause Middle-Market CFOs to Cancel Innovation Plans.”
The main causality for middle-market firms is the ability to implement innovation, as budgets allocated for those...
In the next three years, Alibaba will spend more on artificial intelligence (AI) than it has in the last decade.
AI played a key role in the Chinese conglomerate’s earnings call Thursday (Feb. 20), with management saying the company’s AI investments are based on the primary goal of achieving artificial general intelligence (AGI). The company’s stock soared following the report, which showed...
Indonesian super app Grab sees autonomous vehicles (AVs) as one of its next growth drivers.
“We’ve been watching this space closely and are very excited about the long-term opportunity related to this tech,” Anthony Tan, the company’s co-founder and CEO, said during a Thursday (Feb. 20) earnings call.
“I personally, and, our leadership has actually taken many rides across the world, across...
Hasbro said Thursday (Feb. 20) that video games, services and eCommerce will play a key role in the company’s new strategy to “return to growth.”
Together, those offerings make up one of five pillars of Hasbro’s “Playing to Win” strategy announced Thursday, the games, intellectual property (IP) and toy company said in a press release.
“Through Playing to Win, we expect Hasbro’s business mix to...