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Amazon Unveils New AI Shopping Assistant to Enhance User Experience

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American multinational e-commerce giant, Amazon, has announced the launch of a new Artificial Intelligence shopping assistant called ‘Rufus’ to enhance users’ shopping experience.

Rufus is an expert shopping assistant trained on Amazon’s product catalog and information from across the web to answer customer questions on shopping needs, products, and comparisons, as well as make recommendations based on context, and facilitate product discovery.

The tool is designed to help users search for products. Shoppers can get to type or speak a question into the search bar in Amazon’s mobile app and a chat window will appear at the bottom of the screen.

Announcing the roll-out of the feature, Amazon wrote via a blog post,

Amazon has been using Al very expansively for 25+ years to improve customer experiences. The personalized recommendations customers get when they shop at Amazon’s store, the pick paths in our fulfillment centers, our drone deliveries, the conversational capabilities of Alexa, and our checkout-free Amazon Go stores are just a few examples of experiences fueled by Al. And we believe generative Al is going to change virtually all customer experiences that we know.

“This past year, we’ve introduced a number of new generative Al-powered capabilities in Amazon’s store to make shopping even easier and more convenient. Our Al-generated review highlights provide customers with common themes from dozens, hundreds, or even thousands of reviews at a glance to help them quickly understand customer insights.

“We also recently introduced our Fit Review Highlights feature, which offers personalized size guidance and insights so customers can determine which size will fit them best. We are also using generative Al to make the product listings even more informative for customers by helping our selling partners write more engaging and effective titles and product descriptions, and enrich existing listings.”

Amazon disclosed that the AI Shopping Assistant Rufus, will be launched in Beta version, and it will be rolled out to customers in waves, beginning with a small subset of customers in the U.S using the mobile app, and will subsequently roll out to the rest of its U.S. customers in the coming weeks.

Check Out Some Remarkable Features  of Amazon AI Shopping Assistant Rufus;

Customers Can Get help comparing product categories:

Customers can now ask get help comparing product categories such as “What’s the difference between lip gloss and lip oil?”, so they can find the type of product that best suits their needs and make even more confident purchase decisions.

Find the best recommendations:

Customers can ask for recommendations for exactly what they need, and then Rufus generates results tailored to the specific question and makes it quick and easy for them to browse more refined results.

Ask questions about a specific product while on a product detail page:

Customers can use Rufus to quickly get answers to specific questions about individual products when they are viewing the product’s detail page. Rufus will generate answers based on listing details, customer reviews, and community Q&As.

With Rufus, customers are now able to shop alongside a generative Al-powered expert that knows Amazon’s selection inside and out, arid can bring it all together with information from across the web to help them make more informed purchase decisions.

LinkedIn Summary

Amazon shares jumped in early trading Friday, after it released its fourth-quarter earnings that handily beat expectations Thursday. The nation’s second-largest retailer benefitted from brisk holiday shopping and a special sales event. Revenue surged 14% from the year-earlier period, to $170 billion. Net income shot to a two-year high of $10.6 billion, or $1 per share, following cost-cutting measures beginning in late 2022 that resulted in more than 27,000 layoffs. The e-commerce giant’s cloud-computing arm, meanwhile, saw sales increase by an expected 13% — higher than the 12% increase of the last quarter but below the 20% expansion seen a year earlier.

  • Amazon also announced that it is unleashing a new shopping assistant powered by generative AI. Dubbed Rufus, the tool uses generative AI to make recommendations and answer questions.
  • The company, which has rolled out commercials on its Prime Video streaming service, also saw ad revenue rocket 27% higher, to $14.7 billion — the fourth quarter of faster sales.
  • The company has emerged from a post-pandemic slump with a reorganized logistics business and is finding new efficiencies with artificial intelligence.

Apple’s CEO Tim Cook Discloses Plan to Invest in AI, Hints at Possible Announcement Later This Year

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Apple CEO Tim Cook has disclosed the company’s plans to invest in Artificial intelligence (AI) as well as other technologies, as he hints at a possible announcement later this year.

Cook made this announcement during a call with analysts after the company reported fiscal first-quarter earnings.

He said,

As we look ahead, we will continue to invest in these and other technologies that will shape the future. That includes Artificial Intelligence where we continue to spend a tremendous amount of time and effort, we are excited to share the details of our ongoing work in that space later this year”.

In Apple’s first quarter fiscal earnings, the company surpassed estimates for revenues and earnings but recorded a 13% decline in sales in China, one of its most important markets.

Notably, Apple reported 2% sales growth in the December quarter, breaking a streak of four straight quarters with annual revenue declines. The company shares fell more than 4% in extended trading after management provided some details about the outlook for the current quarter that suggested weakness in iPhone sales.

It is interesting to note that the company has faced increased competition from local firms such as Huawei, in Greater China including the mainland in addition to Hong Kong and Taiwan.

Tim Cook’s announcement of the company’s plan to integrate AI into its products is coming as big tech companies such as Google, Amazon, and Samsung amongst others, have started reporting huge revenue due to their investment in AI.

White-collar workers might have thought they were safe when robots learned how to make french fries. In fact, they are most vulnerable to the new generation of artificial intelligence, according to a new report by the Burning Glass Institute. Industries with a high percentage of their payrolls in lucrative jobs that require a college degree — namely tech and banking — will bear the brunt of the generative AI revolution, the labor market research nonprofit says. The report identifies restaurants, retail and transportation as the sectors most insulated from the impact of this new generation of AI. (LinkedIn News)

Recall that last year October, Apple disclosed that it is on track to spend $1 billion per year on developing its generative Artificial Intelligence products.

Apple, a powerhouse in consumer technology, has long been associated with cutting-edge hardware and user-friendly software. However, the company’s foray into the AI landscape has been quite slow. The spending comes as the company plays catch-up to some competitors who have already debuted new AI products and features.

Moving forward, the company is reportedly looking to integrate Al into Siri, Messages and Apple Music. For the latter, Apple also plans to use Al to create auto-generated playlists as Spotify does via its partnership with OpenAI. The company is also exploring using Al in Xcode to assist app developers.

As Apple looks to navigate the intricate terrain of Al innovation, its financial dynamics have continued to draw attention. Analysts and investors await further details on Apple’s Al pursuits, keenly observing how this technological venture will influence its future trajectory in an ever-evolving tech landscape.

LinkedIn Summary

Apple’s Vision Pro mixed-reality headset — considered its biggest product launch in years — makes its in-store debut on Friday, with some 600 apps and games available. It comes just after Apple reported its first sales growth in a year on Thursday, breaking its streak of declines by reporting a 2.1% revenue gain in the October-to-December period. That was largely fueled by stronger-than-expected iPhone sales across much of the world. Its biggest drag — beyond patent battles, higher regulatory scrutiny and App Store challenges — was China. Still, despite increased competition from Huawei and other smartphone makers, the iPhone has captured the market’s top spot.

  • Sales in China plunged 13% to $20.8 billion, well below the $23.5 billion analysts were expecting, as spending slowed and the Chinese government’s banon overseas tech intensified.
  • CEO Tim Cook said the company will showcase its AI efforts “later this year.”
  • The European Union accounts for 7% of global app store revenue, the company said Thursday.

Meta Earnings: Zuckerberg’s ‘Year of Efficiency’ Records Huge Profit, Surpasses Analyst Estimation

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American multinational technology conglomerate Meta has posted a huge revenue for the fourth quarter (Q4) of 2023, which was boosted by a rebound in digital advertising as well as a significant layoff of workers, in what CEO Mark Zuckerberg termed as the “Year of Efficiency”.

The California-based company said on Thursday that it earned $14 billion profit, and $5.33 per share, in the October- December period. That is up  $4.65 billion and $1.76 per share, posted last year. It posted a revenue of $40.1 billion.

Meta Q4 revenue surpassed analyst earnings of $39.1 billion and $4.82 per share. The company also saw its user base grow significantly on its apps, with monthly active users on (Facebook, Instagram, Messenger, and WhatsApp) reaching 3.98 billion as of the end of the year, up 6% from 2022.

Shares of Meta surged more than 10% shortly after the release of its earnings reports, as the company announced another $50 billion in stock buybacks and unveiled its inaugural cash dividend of $0.50 per share, to be paid out on March 26.

Speaking on the remarkable revenue growth in Q4 of 2023, the company said via a statement,

“This was a pivotal year for our company. We increased our operating discipline, delivered strong execution across our product priorities, and improved advertising performance for the businesses who rely on our services”.

Here is an overview of how Meta performed in Q4 of last year;

• Earnings per share: $5.33 vs. $4.96 expected by LEG, formerly known as Refinitiv.

• Revenue: $40.1 billion vs. $39.18 billion expected by LSEG.

•Daily active users (DAUs): 2.11 billion vs. 2.08 billion expected. Monthly active users (MAUs): 3.07 billion vs. 3.06 billion expected.

• Average revenue per user (ARPU): $13.12 vs. $12.81 expected. Revenue jumped 25% in the quarter from $32.2 billion a year earlier, the fastest rate of growth for any period since mid-2021, as the online ad market continued to rebound.

Meanwhile, the company’s expenses decreased 8% year over year to $23.73 billion, and its operating margin more than doubled to 41%, a clear sign that cost-cutting measures are bolstering profitability.

Net income more than tripled to $14 billion, or $5.33 per share, from $4.65 billion, or $1.76 per share, a year earlier. Based on its late-trading price, Meta’s market cap has swelled to almost $1.2 trillion.

Sales in Meta’s Reality Labs unit passed S1 billion in the quarter, though the virtual reality unit recorded $4.65 billion in losses.

Meta’s Finance chief Susan Li said on the call with analysts that the biggest drivers of revenue growth came from companies in areas including e-commerce, entertainment, and gaming.

For the current quarter, Meta is forecasting revenue of $34.5 billion to $37 billion, above Wall Street expectations. On the other hand, analysts have predicted a revenue of $33.9 billion for the first quarter (Q1) of 2024.

Zuckerberg further added that Meta will continue to invest in Al and in building up its computing infrastructure to handle bigger workloads. He disclosed that growth will come without much expansion in headcount.

LinkedIn Summary

Meta’s fourth-quarter earnings report confirmed that 2023 was one of the company’s strongest years to date, sending its shares surging on Friday. Revenue at Facebook and Instagram’s parent company grew at the fastest clip since mid-2021, totaling $40.1 billion — about 900 million more than investors expected and a 25% jump from last year, Thursday’s report showed. CEO Mark Zuckerberg’s “year of efficiency,” during which he laid off one third of Meta staff, brought costs and expenses down 8% from the prior year, and its operating margin doubled. Meta shares almost tripled in value last year.

  • If Meta’s stock gains hold through Friday’s trading session, it will add about $200 billion in market cap, the biggest one-day gain ever, per Bloomberg.
  • Meta announced its first dividend payment: it will pay investors 50 cents per share on March 26. It will also use more than $65 billion in excess cash for a $50 billion stock buyback.
  • Facebook is still growing, with 2.11 billion daily users, 3.07 billion monthly users and an average of $13.12 in revenue per user.

As Shiba Inu Dips, Scorpion Casino Presale Offers Investors a Shot at 10,000 USDT Rewards

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In the rapidly changing cryptocurrency market, two significant developments are capturing the attention of investors and enthusiasts alike. Shiba Inu is currently experiencing a period of volatility, with its price undergoing notable fluctuations that have sparked widespread interest. Meanwhile, the cryptocurrency community is buzzing with anticipation for the Scorpion Casino presale. This event is drawing attention not just for its potential investment opportunities but also for the excitement of the competition it promises.

What’s behind Shiba Inu’s recent price movements, and what’s driving the enthusiasm for Scorpion Casino’s presale? Let’s delve deeper into these developments to uncover the dynamics shaping the cryptocurrency landscape.

Shiba Inu’s Price Decline: Unravelling the Mystery

Despite the rapid technological advancements and increased transactions within the Shiba Inu network, the token has faced a significant setback. In the past month alone, SHIB’s price has seen a staggering 13% decline, leaving investors and enthusiasts puzzled. The team at Shibarium, recognizing the need for strategic measures, has released an update aimed at streamlining the token-burning process.

The automated mechanism introduced by Shibarium seeks to reduce the manual workload associated with token burning, with the goal of diminishing the considerable SHIB supply. The scarcity created by this reduction is expected to enhance the asset’s value in the future. However, despite these efforts and a notable increase in the burn rate since the beginning of the year, Shiba Inu’s price continues on a downward trajectory, prompting a deeper analysis of the token’s current challenges.

Scorpion Casino’s Presale: A Chance to Win Big!

Amidst the turbulence in the Shiba Inu space, a new opportunity arises for crypto enthusiasts. The Scorpion Casino presale is gaining momentum, and with it comes an exciting presale buy competition that promises substantial rewards. Running from January 29th to February 10th at 4 pm UTC, participants have the chance to win a total of 10,000 USDT. The competition structure is simple:

  • First Place: 5,000 USDT
  • Second Place: 3,000 USDT
  • Third Place: 2,000 USDT

To secure a position in the winners’ circle, participants need to acquire the highest number of $SCORP Tokens. As the Scorpion Casino presale approaches the 300 Million Token mark out of the 480 Million available, there’s never been a better time to buy.

Act Now: Buy $SCORP, Join the Contest, & Secure Your Profits!

With Shiba Inu navigating through its challenges and Scorpion Casino presenting an opportunity for significant gains, this moment is ripe for those interested in the lucrative world of crypto presales. By participating in the Scorpion Casino presale and entering the competition for a chance to win up to 10,000 USDT, you can join the ranks of successful investors. This venture offers a promising path into the evolving landscape of digital assets. Don’t just watch the market evolve; take an active role in shaping its future

 

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Investors Bet Big on Scorpion Casino: Emerging as a Challenger to Litecoin (LTC) and Cardano (ADA) – Discover Why

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In a significant shift within the cryptocurrency landscape, investors are showing strong support for Scorpion Casino, considering it as a formidable contender prepared to challenge established players such as Litecoin and Cardano. As the crypto market changes, the special features and growing interest in Scorpion Casino’s ongoing presale make it an attractive option for those looking for the next significant crypto opportunity.

This article will uncover the reasons behind this newfound excitement for Scorpion Casino and how it is poised to compete strongly against Litecoin and Cardano.

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Understanding The Appeal Of Scorpion Casino

Emerging as a global powerhouse amid the ever-changing dynamics of the cryptocurrency market, Scorpion Casino captures investors’ attention with its distinctive features. The #1 token worldwide, $SCORP, offers an enticing and unique proposition — an opportunity to earn up to 10,000 USDT in daily passive staking income. Positioned for imminent launch on various exchanges, notably BitMart, Scorpion Casino’s presale finale is turning out to be a resounding success, having amassed an impressive $3.6 million so far.

What distinguishes this platform is the unique offering of daily USDT rewards that can be withdrawn immediately, coupled with support from well-known ambassadors. These features position Scorpion Casino as a trusted and exciting presence in the cryptocurrency world.

Litecoin’s Struggle in a Saturated Market

Once hailed as the silver to Bitcoin’s gold, Litecoin (LTC) now grapples with market saturation. Despite its early success and reputation for reliability, Litecoin faces challenges differentiating itself in an increasingly crowded market. Priced at $90.26, a significant drop from it’s all-time high in May 2021, investors are exploring alternative options, paving the way for Scorpion Casino to capture their attention.

Cardano Faces Controversial Predictions

Cardano (ADA) finds itself in the midst of controversy as prominent Bitcoiner Eric Wall forecasts its exit from the top 10 cryptocurrencies by the end of 2024. This bold proclamation sparks discussions within the crypto community, creating uncertainty around ADA’s position. The controversial prediction adds to the allure of Scorpion Casino as investors seek stability and reliability in a rapidly changing landscape.

A Short Summary

As the crypto narrative unfolds, Scorpion Casino emerges as a force to be reckoned with, challenging the status quo set by Litecoin and Cardano. With its daily rewards, global recognition, and a presale that’s capturing the attention of investors worldwide, Scorpion Casino positions itself as the future of crypto investments. Don’t miss the opportunity to join the Scorpion Casino presale, participate in the exclusive competition, and secure your stake in this groundbreaking venture.

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