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Dave, the neobank and cash advance app singled out in an Federal Trade Commission (FTC) complaint last week, Tuesday (Nov. 12) announced compliance-oriented changes to its business model fundamentals, including a new sponsor bank.
The announcements were made in the context of the company’s mostly positive Q3 earnings. And while he struck a defiant tone at the beginning of the call, CEO Jason...
Voice artificial intelligence (AI) solutions from SoundHound AI have been deployed by seven of the top 20 quick-service restaurants (QSRs).
These QSRs and other restaurants are using the technology for drive-thru, phone ordering, kiosks, mobile apps and for supporting their staff, SoundHound AI CEO and Co-Founder Keyvan Mohajer said Tuesday (Nov. 12) during the company’s quarterly earnings call...
Apple will reportedly announce a device in a new product category — one that brings together artificial intelligence, apps and smart home functions — as early as March.
The device, which is code-named J490, will include a six-inch screen, a camera, a rechargeable battery and internal speakers, and will be able to be mounted to a wall or placed on a surface, Bloomberg reported Tuesday (Nov. 12),...
Instacart’s expansion of retailer integrations and the implementation of advanced technology have streamlined the shopping experience, providing convenience, savings and higher engagement, CEO Fidji Simo noted Tuesday (Nov. 12) during the company’s third-quarter earnings call.
Referring to retailer integrations as the company’s “secret sauce,” Simo noted that in the third quarter retailers that...
Pent-up demand for mergers and acquisitions (M...
New artificial intelligence (AI) tools are changing how restaurants analyze customer data, test food safety and even reproduce scents in laboratories. The technologies include a natural language assistant for querying loyalty programs, an electronic tongue that achieved 95% accuracy in detecting food issues and a system that can capture and recreate specific scents in different locations....
The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can’t be handled by the private sector alone, Federal Reserve Governor Christopher J. Waller said Tuesday (Nov. 12).
In a speech delivered at The Clearing House Annual Conference in New York City, Waller said he believes that the payments ecosystem, like other goods and...
The nation’s air traffic cops are going high-tech. The Federal Aviation Administration (FAA) wants artificial intelligence (AI) to help monitor America’s crowded skies, part of a push to modernize how it monitors thousands of daily flights.
The FAA’s move to add machine-powered oversight aims to streamline how regulators track the nation’s bustling air corridors. Automated monitoring could mean...
There’s data, and then there’s everyday reality.
The October reading for the Consumer Price Index will be released Wednesday morning (Nov. 13). Inflation is expected to hold steady for the month, at 0.3% versus September and an annualized pace of about 3.3%.
In the meantime, the Federal Reserve’s October Survey of Consumer Expectations was released Tuesday (Nov. 12). It showed that consumers see...
Clothing reseller ThredUp has chosen Amazon’s ex-luxury resale head as its new social commerce director.
Danielle Vermeer will take on the newly-created role of head of social commerce beginning in January of next year, ThredUp said Tuesday (Nov. 11).
“We are always building and innovating beyond our core business to make thrifting easier and more fun for everyone,” James Reinhart, ThredUp’s co-...