Inside Amazon’s digital marketplace this holiday season, a new artificial intelligence (AI) assistant named Rufus has been steering shoppers through millions of product choices. The chatbot, launched earlier this year, represents the retail giant’s push to streamline the complex world of online shopping. Across retail,...
Electronics manufacturing giant Foxconn is partnering with artificial intelligence (AI) infrastructure company Zettabyte in a strategic investment aimed at expanding energy-efficient AI computing solutions worldwide. The partnership, announced Monday (Dec. 23), combines Foxconn, the world’s largest electronics manufacturer, with Zettabyte, an AI data center software...
Companies embracing artificial intelligence (AI) are pulling ahead of competitors, with Bridgeline’s HawkSearch reporting new customers each week, IBM finding open-source AI users seeing higher returns, and MIT research showing advanced AI adopters outperforming industry peers. However, a Q4 loss at Bridgeline highlighted the sector’s...
Jet.AI has launched an agentic artificial intelligence (AI) model that helps customers select and book private jets. Dubbed “Ava,” the AI model can be contacted via phone or text and it provides real-time aircraft availability, pricing and guidance to help customers select the right jet...
In 2024, artificial intelligence (AI) evolved from theory to practice in the retail industry, changing the way businesses interact with customers, manage operations and develop products. From inventory management to virtual shopping experiences, AI has become essential for retailers looking to stay ahead. Here are...
Artificial intelligence (AI), throughout 2024, became an increasingly permanent component of many business processes. Particularly across the back office and finance and treasury departments, where critical operating functions like accounts payable (AP) and accounts receivable (AR) have long been plagued by manually driven inefficiencies, errors...
Tech executives and investors told PYMNTS that artificial intelligence will reshape retail shopping in 2025, with AI assistants offering unprecedented personalization and handling up to 20% of eCommerce tasks, from product recommendations to customer service. Industry leaders from Citi, Google Cloud and global tech investment...
Amazon and Universal Music Group (UMG) have expanded their partnership with an eye toward AI. The tech giant and the record label announced Monday (Dec. 23) they were working to combat the use of “unlawful” artificial intelligence (AI)-generated content, while also guarding artists against fraud and misattribution. “UMG will also...
OpenAI’s new artificial intelligence (AI) effort is reportedly over budget, months behind schedule, and not certain to work. As The Wall Street Journal (WSJ) reported late Friday (Dec. 20), there may not be enough data in the world to make the project, known as GPT-5...
