Although consumers have shifted spending to everyday needs lately to cope with inflation, a survey sponsored by AI platform Coveo suggests they might be willing to widen their outlay on gifts during the upcoming holidays. In a new research report entitled “Gift...
Amazon struck a deal with artificial intelligence developer Covariant and is expanding its Bay Area AI and robotics team as the company continues to look for ways to make its logistics systems more faster and more efficient. Amazon is licensing Covariant’s robotic...
Citing a challenging do-it-yourself market facing macroeconomic headwinds, Lowe’s Cos. beat a second-quarter earnings forecast despite a decline in comparable sales during the period. Net earnings were $2.38 billion, or $4.17 per diluted share, versus $2.67 billion,...
Fear of payment and credit fraud is widespread among consumers and has implications about how they view emerging technology, according to a survey sponsored by crime prevention and risk management consultant Abrigo and conducted by market research firm Propeller...
EBay CEO Jamie Iannone credited artificial intelligence-driven operating improvements and a resale promotion with music star Elton John after the e-commerce company reported second-quarter earnings and revenues that topped Wall Street estimates. Net income from...