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Business News

Location American Business News for 11 July 2024
Costco hiking membership fees for first time since 2017--here's how much it will cost The hike will affect around 52 million members, a little over half of them being of the executive category, the membership-only retailer said.
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China rocked by cooking oil contamination scandal The allegations involve several major Chinese firms including a subsidiary of state-owned Sinograin.
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NYC's MetLife Building picks major firm to run iconic tower in surprise twist The MetLife Building, a crown jewel asset of the Grand Central-East Midtown office district, is putting all its assets under one ownership and management roof, Realty Check has learned.
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Walmart is moving beyond its initial efforts with gen AI with a focus on helping to improve productivity, customer care and operations.
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VentureBeat congratulates all the nominees and thanks everyone for raising awareness of the women making a significant difference in AI.
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Chess.com is collaborating with CrunchLabs on both its latest Masters tour and a chess-teaching bot based around YouTuber Mark Rober.
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New report from Zendesk details the impact and prospects of AI for customer experience.
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Government bond yields drop, triggering a rush into beaten-down corners of the market that could benefit from falling rates; tech titans lose
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IBM wants to teach AI the language of your business

Venture Beat - 11 Jul 2024 21:36
IBM's David Cox unveils InstructLab, a groundbreaking approach to customize AI models with enterprise-specific language and knowledge.
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AI chip startup Groq claims record-breaking adoption of 280,000 developers in just 4 months at VB Transform, potentially disrupting the AI hardware market with its innovative inference technology.
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Perplexity announced plans to share revenues with publishers whose links it cites. Revenue will be from advertising it plans to run.
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Patronus AI launches Lynx, an open-source AI hallucination detector that outperforms GPT-4, revolutionizing enterprise AI trustworthiness and challenging tech giants.
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Qualcomm's Nitin Kumar on the AI PC on the edge, highlighting on-device AI benefits, Snapdragon X Series capabilities and partnerships with Microsoft.
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The Bouqs Company is Blooming in 3 California Whole Foods Stores Direct-to-consumer floral delivery company The Bouqs Co. is popping up in three Whole Foods Market stores throughout California to give local customers fast and easy access to its fresh florals and same-day delivery serv...
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Staying focused on a customer-driven vision while ensuring the latest AI and ML technologies contribute to greater compliance is key.
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Genies has introduced the Genies Creator & Partner Network to enable brands and others to develop and commercialize digital avatars.
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The Girls in Tech nonprofit women's tech community closed its doors after 17 years.
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SEC Withdraws Enforcement Action Against Paxos' BUSD Stablecoin The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decis...
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US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President J...
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Aethir and GameSwift team up on Web3 gaming

Venture Beat - 11 Jul 2024 16:30
Aethir and GameSwift have teamed up on a Web3 gaming project that combines a modular gaming chain with decentralized cloud infrastructure.
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Apple's EU concessions create payments opportunity for Samsung, Curve The American tech giant's agreement to open up to other firms may give other tech firms the chance they need to offer an updated mobile wallet.
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Companies going bankrupt at the fastest pace since 2020 in 'historic surge' Before this, the highest half-year figure recorded was in 2010, with 437 companies filing for bankruptcy from January through June.
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