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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 customers in the process.
Amazon, for its part, announced Wednesday (May 15) the introduction of Amazon Access, a platform aimed at providing easier and more affordable shopping experiences, particularly for...
As travelers pack their bags for summer getaways, airlines are deploying artificial intelligence (AI) to squeeze every last dollar from their booking systems. Fetcherr, an Israeli startup, is helping carriers navigate the complex dynamic pricing world with its AI-powered platform.
The company’s AI technology uses reinforcement learning models to simulate pricing scenarios and determine the most...
Call it the week of the platform.
Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines.
With stocks remaining volatile in the wake of those earnings reports, the FinTech IPO Index was 1.7% higher this week.
Katapult’s stock rallied 18.5% through the...
Bitcoin payment processor IBEX Pay will suspend all its services in the United States, effective May 31.
The company announced the move in a Wednesday (May 15) post on X (formerly Twitter).
“Any outstanding balance will be transferred to our clients’ Swan accounts or Bitcoin addresses,” IBEX Pay said in the post. “We urge our clients to provide their Swan accounts or Bitcoin addresses now, as...
OpenAI will be using Reddit content to train its artificial intelligence (AI) models.
That’s one component of a new partnership formed by the AI company and the social media platform, Reddit said in a Thursday (May 16) blog post.
In this collaboration, OpenAI will bring Reddit content to ChatGPT and new products by accessing Reddit’s Data API, which provides real-time, structured and unique...
California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers.
Avidbank transitioned from its previous program to CorServ’s Account Issuer program, the companies said in a Tuesday (May 14) press release.
The new program provides Avidbank’s commercial customers with better choices of credit card products, self-service interfaces for...
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance.
The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024 National Strategy for Combating Terrorist and Other Illicit Financing...
Walmart’s grocery business is reportedly benefiting from the high price of fast food.
The retailer’s chief financial officer, John David Rainey, told CNBC Thursday (May 16) that it’s “roughly 4.3 times more expensive” to buy a meal at a quick-service restaurant (QSR) than it is to purchase the ingredients needed to make a meal at home.
“And that’s benefiting our business,” he said, per the report...
Artificial intelligence (AI) startup Perplexity has added three new advisers.
They include Emil Michael, former chief business officer at Uber; Rich Miner, co-founder of Android and adviser to Google; and Mikhail Parakhin, former CEO of Bing, according to a Thursday (May 16) post on LinkedIn by Perplexity Co-founder and CEO Aravind Srinivas.
The three new advisers will help the AI startup “across...
The B2B landscape is built atop a foundation of innovation designed to meet business needs.
And with the news that U.S. corporate bankruptcies have reached their highest level since April 2023, there are a lot of business needs out there in the marketplace to inspire innovation.
Particularly as commercial customer expectations evolve in the digital age, B2B firms must stay attuned to shifting...