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5 Business Insights for 2019
Technology is shaping the future of businesses more rapidly than ever. Digital transformation is changing the way organizations conduct business. Therefore, companies have to be mindful of the latest technology trends, and their impact on business to understand and adapt to changing circumstances. Based on the latest technology trends, here are some crucial insights for…
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Apple is valued at $1 trillion once more
Apple has won back its hard-fought $1 trillion market cap, after share prices rose following yesterday’s earnings triumph. AAPL is currently trading at $213.20, giving it a market cap of just over $1 trillion. Shares rose 6% in early morning trading. This is a particularly triumphant moment for Apple after its stock price temporarily tanked…
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Facebook Marketplace lets sellers ship items across the continental US
Facebook will soon let Marketplace sellers ship items anywhere in the continental US, while you’ll be able to pay for purchases directly through the platform. As such, sellers who are happy to ship their goods will be able to cater to customers on the other side of the country. Buyers, meanwhile, should have access to…
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Walmart’s AI-based store concept is open to the public
Walmart isn’t going to let Amazon’s AI-powered stores go unanswered, although it’s not exactly cloning the concept. The big-box chain has unveiled a publicly accessible concept store, the Intelligent Retail Lab (IRL for short), in Levittown, New York. The location uses computer vision and a vast array of cameras not to handle purchases, like Amazon…
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AI-analyzed tweets could help Europe track floods
The European Commission’s Joint Research Center is working on a tool that could use tweets and artificial intelligence to collect real-time data on floods. In a paper released on Arvix.org, EU scientists explain how their Social Media for Flood Risk (SMFR) prototype could help emergency responders better understand what’s happening on the ground in flooded…
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Apple announces Anki Drive, an AI robotics app controlled through iOS
Apple is just starting its WWDC keynote this morning, but it’s already announcing something quite interesting: a new company called Anki and its inaugural iOS app called Anki Drive, which centers around artificial intelligence and robotics. The name, which is Japanese for “memorize,” features smart cars that are capable of driving themselves (although you can…
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Samsung to invest $115 billion in logic chip development by 2030
Samsung Electronics has announced that it will set aside an eye-watering $115 billion to take on Intel and Qualcomm in the advanced semiconductor business, releasing $9.6 billion of the fund per annum for the next decade or so. The investment should help the firm reach its long-standing goal of becoming the world leader in the…
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5 Ways Artificial Intelligence Is Already Transforming the Banking Industry
Artificial Intelligence (AI) — and its growing impact on and applicability for individuals and businesses alike — is one of today’s most widely discussed topics. From virtual assistants like Siri and Alexa, to chatbots created by Facebook and Drift, AI is having a significant impact on the lives of consumers. A study from Statista showed that…
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Learn from Fintech Startups In The Middle East
Fintech, i.e. financial services technology, was the startup buzzword of 2015, with the sector boasting of over US$3 billion in venture investments, which shouldn’t be surprising in the wake of a global economic crisis that highlighted the industry’s need for disruption. According to CB Insights, 19 fintech startups have joined the exclusive “unicorn club” of…
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How Digital Wallets and Mobile Payments Are Evolving and What It Means for You
The digital wallet revolution has not have lived up to its expectations — yet. According to Gallup, just 13 percent of smartphone owners have a digital wallet app, while the majority of those who do have an app (76 percent), rarely use it. That may be disheartening for those of us involved in the industry, but there’s always a…