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US small businesses increasingly adopt AI amid implementation challenges
Jun 27,2024
Small businesses in the United States increasingly turn to AI to improve their operations, although many encounter significant challenges during implementation. According to research conducted by Morning Consult on behalf of Visa, 52% of small busine...
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Infosys CEO settles insider trading charges
Jun 27,2024
According to India's markets regulator, Infosys CEO Salil Parekh has settled charges related to insufficient internal controls to prevent insider trading during a 2020 contract. Parekh agreed to pay approximately$30,000 to settle the charge, which st...
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AI-powered tool improves tramp shipping operations
Jun 26,2024
Bearing AI has unveiled an enhanced Deployment Planner tailored for tramp shipping companies following the success of its liner shipping version. Unlike liners, tramp operators manage one-off contracts between ports, posing challenges for emissions o...
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Toys 'R' Us pioneers text to video AI-generated advertising clip
Jun 26,2024
Company founder Charles Lazarus showcased Toys 'R' Us AI-generated short promotional clip at the 2024 Cannes Lions Festival in France. In an effort to regenerate interest in the brand, Lazarus collaborated with the creative agency Native Foreign usin...
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Central banks urged to embrace AI
Jun 25,2024
The Bank for International Settlements (BIS) has advised central banks to harness the benefits of AI while cautioning against its use in replacing human decision-makers. In its first comprehensive report on AI, the BIS highlighted the technology's po...
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Chinese AI companies respond to OpenAI restrictions
Jun 25,2024
Chinese AI companies are swiftly responding to reports that OpenAI intends to restrict access to its technology in certain regions, including China. OpenAI, the creator of ChatGPT, is reportedly planning to block access to its API for entities in Chi...
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India's digital currency usage plummets
Jun 25,2024
According to insider sources, India's digital currency, the e-rupee, has seen a sharp decline in usage, dropping to just one-tenth of its peak usage in December. The Reserve Bank of India (RBI) launched the e-rupee in a pilot program in December 2022...
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Shopify launches AI chatbot Sidekick
Jun 24,2024
Shopify is launching its new AI chatbot, 'Sidekick,' in early access as part of its 2024 Summer Edition updates. Sidekick, initially revealed last year, is designed to assist merchants with tasks such as creating discount codes, generating store repo...
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EU charges Apple with tech rule violations
Jun 24,2024
The EU antitrust regulators have accused Apple of violating the bloc's tech rules, potentially leading to a substantial fine. The European Commission, responsible for antitrust and technology regulation, announced its preliminary findings following a...
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California fast-tracks bill to require identity data from high-volume online sellers
Jun 20,2024
Democratic lawmakers in California are quickly advancing bill SB 1144, which requires online marketplaces to collect identity data from high-volume sellers who advertise online but transact offline. If passed, sellers on platforms like Craigslist, Fa...
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Amazon expands AI tools for European sellers
Jun 20,2024
Amazon has expanded its generative AI tools for product listings to sellers in France, Germany, Italy, Spain, and the UK. These tools, designed to streamline the process of creating and enhancing product listings, can generate product descriptions, t...
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Amazon commits E10 billion for cloud and logistics expansion in Germany
Jun 19,2024
Amazon announced plans to invest E10 billion ($10.75 billion) in Germany, emphasising the country's growing importance in cloud computing and retail. The majority of this investment, totalling E8.8 billion, will be allocated by 2026 to expand Amazon ...
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