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Fears of generative artificial intelligence (GenAI) replacing human workers on a massive scale are overblown — at least for now, and possibly in the long term.
On the one hand, GenAI has rapidly moved from futuristic speculation to must-have tool for corporate product leaders. Chief product officers (CPOs), who oversee the innovation, development, production and growth of everything from...
Etsy CEO Josh Silverman is advocating against policy changes that he says will hurt the 8 million Etsy sellers on his platform, appealing to an administration that has pledged to protect the American worker.
In the Trump administration’s rush to protect American industries and assess duties on imports, especially from China, solo entrepreneurs like the ones on Etsy become “collateral damage,”...
Discount eTailers Temu and Shein reportedly raised prices in response to new U.S. tariffs.
Temu started adding “import charges” of about 145%, while Shein raised prices without adding a separate charge, CNBC reported Monday (April 28).
Both companies warned their customers earlier this month that they would raise prices after President Donald Trump imposed tariffs and vowed to end the de minimis...
Mastercard has partnered with two more companies — OKX and Nuvei — to further its efforts to power stablecoin transactions for consumers and merchants.
These partnerships will contribute to Mastercard’s “360-degree approach” to stablecoin use, the company said in a Monday (April 28) press release.
In its collaboration with OKX, the two companies will launch the OKX Card, which will make it easier...
Small- to medium-sized businesses (SMBs) can be squeezed from a new direction each day.
Some of those squeezes are starting to hurt, particularly the U.S. tariffs on foreign trade.
As tariff regimes proliferate from Washington to Brussels to Beijing, SMBs are being forced to make tough choices. They need to find new ways to share, offset or avoid costs, or risk ceding the global marketplace to...
Goodfire raised $50 million in a Series A funding round to support its efforts to help enterprises understand and design artificial intelligence (AI) models.
The company will use the new funding to expand its research initiatives and further the development of its flagship interpretability platform, Ember, Goodfire said in an April 17 press release.
“Nobody understands the mechanisms by which AI...
Glacier has raised $16 million in a Series A funding round to scale its artificial intelligence (AI)-powered recycling robots across the U.S.
The company’s robots are used at recycling centers in major markets like San Francisco, Los Angeles, Chicago, Detroit and Phoenix, and will soon be added in Seattle, Glacier said in a Monday (April 28) press release emailed to PYMNTS.
“After a year of rapid...
Uber CEO Dara Khosrowshahi predicted that robot drivers will replace human drivers at scale in 15 to 20 years in an autonomous future, as long as several factors fall into place in the meantime.
“If you fast-forward 15, 20 years, I think eventually the cars are going to be autonomous…,” Khosrowshahi said during a session at the Semafor World Economy Summit in Washington, D.C. called “AI and the...
Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February to pay past-due balances over the course of a year.
The luxury retailer has returned its inventory to levels set in 2023 and currently has about $400 million in liquidity, Bloomberg reported Monday (April 28).
Saks held a call with...
Springtime in Washington, D.C. Cherry blossoms color the presidential monuments. Outdoor cafés in Georgetown are bustling. It’s a time when the talk of the town turns to … baby strollers.
That’s right. Baby strollers. Ninety-seven percent of them are made in China and they played a central role in the weekly conversation between QED Investors partner Amias Gerety and PYMNTS CEO Karen Webster....