Tag: Commerce

Winnow uses computer vision to help commercial kitchens cut food waste

Roughly one third of food produced globally each year never comes close to a human mouth, according to the United Nations’ Food and Agriculture Organization (FAO), equating to around $1 trillion worth of edible food ending up in a landfill. The hospitality industry alone reportedly contributes around 10 percent of that figure, which is why […]

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Element AI launches enterprise decision-making automation tools

Element AI, a company cofounded more than two years ago by deep learning expert Yoshua Bengio, is rolling out its first publicly available products for enterprise customers today. The AI Enablement Tools and Insight Libraries help automate document reading and processing for various industries using computer vision, optical character recognition (OCR), and other techniques. Element […]

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Instagram trials a new shopping feature for U.S. users

(Reuters) — Facebook’s Instagram is trialing a feature that lets U.S. users shop from the photo-sharing app by using a “checkout” option on items tagged for sale, the company said on Tuesday. The move is in line with Facebook’s plan to monetize higher-growth units like Instagram, as its centerpiece News Feed product struggles to generate […]

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Patreon now offers creators 3 plans, with fees ranging from 5-12%

Patreon, a subscription and donation platform that lets YouTubers and other creators earn money for their online content, thank you announced a major deviation in its monetization model. Up until now, Patreon took a set 5 percent cut from all processed payments, while there are additional processing and payout fees. Moving forward, Patreon will offer three creator […]

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Thirstie raises $7 million for alcohol delivery and logistics

Thirstie, a six-year-old New York-based developer of white label ecommerce solutions for liquor brands, today announced that it has raised $7 million in an oversubscribed series A funding round led by Queens Court Capital, with participation from the former CEOs of Coach, Citibank, and Credit Suisse USA, and Swat Equity Partners founder Richard Kirshenbaum. It brings […]

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The growing market of everyday products made from greenhouse gases

Climate change is scary. As October’s UN report highlighted, we have about a decade left to fight off its worst effects. But if you’re going to lose sleep over our warming climate, you may as well do so on a sustainably sourced mattress. Thanks to companies like Covestro, you can actually do one better – up to […]

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Apple’s response to Spotify’s antitrust complaint ignores the elephant in the room: Apple Music

Shortly after Spotify revealed it was filing an antitrust complaint against Apple in Europe, the Cupertino company responded with a point-by-point rebuttal. But a look at Apple’s carefully crafted counterarguments reveals that it diligently ignored one of Spotify’s key areas of concern: Apple Music. The story so far By way of a brief recap, Spotify’s […]

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Whispr wants to transform frontline services with AI-powered voice-guided instructions

Voice, it is often said, is the next big platform. Some reports indicate that roughly half of all U.S. households owned a voice-activated smart speaker by the end of 2018, with global shipments rising as much as 140 percent in at least one quarter year-on-year. With voice-control smarts penetrating cars and other connected devices, it’s […]

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Google killed 2.3 billion ‘bad ads’ in 2018, down 28% from 2017

Around this time of year, Google shares how many “bad ads” it killed the year before. And every year, the number grows. But not this time. “Bad ads” consist of any advertising that violates Google’s advertising policies, including ad fraud, phishing scams, and malware. That includes everything from a one-off accident to a coordinated action […]

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How AI helps eBay connect buyers and sellers across 1.2 billion listings

How does an enormous platform like eBay, which had an estimated 179 million active users as of year-end 2018 and over 6.7 million sellers across 190 markets, use AI to deliver great buyer and seller experiences? Chiefly by supplying structure to the more than 1.2 billion listings its users interact […]

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Adthena raises $14 million to analyze ad campaigns with AI

Marketers are increasingly using AI to streamline workflows and automate monotonous tasks. According to an Adobe survey, about 15 percent of agencies are already using some form of machine learning, and 31 percent are planning to adopt it by the end of 2019. London-based Adthena is hoping to lure some […]

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How to control algorithms that want to run your life

Today algorithms can shape what you buy, where you live, whether you get a job or a bank loan, and many other aspects of your life. Autocomplete now predicts your words in text messages, Gmail, and search terms. Even Tinder is controlled by algorithms — did you pick your love […]

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Elizabeth Warren vows to break up Amazon, Facebook, and Google

(Reuters) — Senator Elizabeth Warren vowed on Friday to break up Amazon.com, Alphabet’s Google, and Facebook if elected U.S. president to promote competition in the tech sector. Warren, who is seeking to stand out in a crowded field of presidential candidates, said in a blog post that on their way […]

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Google is giving users in-app rewards for watching ads

Google is introducing a new way for Android users to earn in-app rewards, and perhaps not a moment too soon — research firm Statista predicts that worldwide in-app purchase revenue will reach a whopping $71.7 billion by 2020. The Mountain View company today launched rewarded products in beta, a new AdMob-powered […]

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Fitbit kills Alta, Alta HR, Flex 2, and Zip

Fitbit announced four new wearables today: the Inspire, Inspire HR, Ace 2, and Versa Lite Edition. Today, Fitbit also killed off four wearables: the Alta (released February 2016), Alta HR (released March 2017), Flex 2 (released October 2016), and Zip (released September 2012). It’s the new Inspire and Inspire HR […]

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Fitbit’s cheapest tracker and smartwatch, Inspire and Versa Lite, go on sale in March

Fitbit today announced four new wearables: activity trackers Inspire, Inspire HR, and Ace 2, and its third smartwatch, Versa Lite Edition. Inspire, Inspire HR, and Versa Lite are available for preorder today and launch later this month. Inspire ($70) is the company’s cheapest tracker ever, and Inspire HR ($100) is […]

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Dialog Semiconductor forecasts revenue drop after Apple deal, but core business could grow

(Reuters) — Dialog Semiconductor forecast revenues will drop this year as it completes a $600 million transfer of programmers and patents to iPhone maker Apple, but still won market plaudits as it said its remaining business would grow strongly. Shares in the Anglo-German chip designer rose by 6.6 percent after […]

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Amy Webb’s ‘The Big Nine’ predicts the impact of AI and tech giants over the next 50 years

The year is 2023, and Google, Microsoft, and other influential AI companies join an international coalition of businesses and democratic governments to declare AI a public good. Using China’s AI strategy as motivation, teachers preparing people for an automated future are paid more, and federal funding for AI projects grows […]

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Being first shouldn’t matter, but for some tech companies it’s a badge of honor

“We think 5G is definitely going to be a very big step-change for smartphones, [and] for the smartphone industry in general,” explained Donovan Sung, Xiaomi’s global spokesperson and director of product management, in an interview with VentureBeat last week. “So that’s why it’s important for us to be one of […]

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Trustpilot raises $55 million for online business reviews

Trustpilot, a Copenhagen-based ratings platform for ecommerce companies, today announced that it has raised $55 million in a series E equity investment round led by Advent International affiliate Sunley House Capital Management, with participation from Vitruvian Partners, Draper Esprit, Index Ventures, Northzone, and Seed Capital. It comes after a $20 […]

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NFC Forum hopes NMT wireless spec will replace QR codes in Asia

QR codes have remained popular in Asia, where the square grids have long enabled smartphone camera users to instantly load websites tied to ads and product packages. Now that QR codes are also being used to facilitate financial transactions in China and Japan, the NFC Forum (via NFC World) has […]

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Zinier raises $22 million from Accel, Qualcomm, others to automate field service management

Zinier, a startup that wants to bring automation to the field service management (FSM) realm, has raised $22 million in a series B round of funding led by Accel, with participation from Qualcomm Ventures, Nokia-backed venture capital (VC) firm NGP Capital, Peter Thiel’s Founders Fund, and France’s Newfund. Founded in […]

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