London-based startup Qogita has reportedly secured 80 million euros ($87.3 million) in a Series B round for its wholesale procurement platform for small- to medium-sized businesses (SMBs). The platform is designed to help retailers source products reliably and at competitive wholesale prices, leveling the playing field...
Fashion retailer H&M is reportedly making strategic moves to attract more aspirational shoppers and differentiate itself from fast-fashion giant Shein. With Shein’s rapid growth and disruptive presence in the market, H&M is seeking to build back profit margins and secure its position in the industry...
Chase is targeting consumers’ demand for food deals with new cash-back offers, a move that comes as consumers seek card-linked offers from grocers. The banking company announced Friday (Dec. 15) the new 5% cash-back categories for the first quarter of 2024 — categories that rotate every quarter —...
The holidays are approaching, and generative artificial intelligence shows no sign of slowing down. A provisional deal on landmark European Union rules governing the use of AI was reached Dec. 8 after three days and 36 hours of political back-and-forth. The AI Act makes Europe...
Krutrim, an artificial intelligence startup founded by serial entrepreneur and CEO of Ola Group, Bhavish Aggarwal, made waves in the field of AI with the launch of India’s first multilingual large language model (LLM). The LLM can generate text in 10 Indian languages, Bloomberg reported...
The Financial Stability Oversight Council (FSOC) has, for the first time, identified the use of artificial intelligence (AI) in financial services as a vulnerability in the financial system. That is one of the potential emerging threats to U.S. financial stability identified by the FSOC in its 2023 annual...
Sam Altman, the CEO of OpenAI, has reportedly reiterated his support of the cryptocurrency project Worldcoin, saying that in a world increasingly influenced by artificial intelligence (AI), the ability to identify unique humans is becoming more important. Altman’s comments came after reports emerged that Worldcoin is seeking...
Shelpful has raised a $3 million seed investment to continue adding features and partnerships to its solution that helps people build lasting habits around health, happiness and self-care. The Shelpful service offers members an artificial intelligence (AI)-powered productivity assistant, a real-human accountability coach or a combination...
Everything has a cost, even — or especially — innovations like artificial intelligence (AI). But as enterprises across sectors like healthcare, banking and finance and eCommerce look to leverage the powers of generative AI to streamline their legacy workflows, understanding the total cost of ownership...
