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US to call for Google to sell Chrome browser: Report
TechXplore· 2024-11-19 08:46
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Google Chrome is the most popular internet browser in the world, making the internet giant a part of everyday life for people around the globe. The US will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report Mond ...
EU fines Meta 798 mn euros for Facebook ad antitrust breach
TechXplore· 2024-11-14 15:10
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The fine is the latest in a string of hefty penalties the European Commission, the regulator for the 27-nation European Union, has imposed against Big Tech companies over their practices in recent years -- and ranks among the 10 largest antitrust fines. The EU fined online giant Meta almost 800 million euros on Thursday for brea ...
Amazon plans to shut down Freevee, its no-cost streaming service
TechXplore· 2024-11-14 14:35
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Two years after its launch, Amazon's free ad-supported streaming service Freevee is shutting down, the company confirmed this week. Shows that play on the app will be available for free on Amazon's Prime Video service even if a viewer does not pay for a subscription.Freevee, which got its start as Ama ...
Amazon launches an online discount storefront to better compete with Shein and Temu
TechXplore· 2024-11-13 20:24
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A sign in the lobby of Amazon offices is shown on Feb. 14, 2019 in New York. Credit: AP Photo/Mark Lennihan, File Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20, an effort to compete with discount retailers that have increasingly encroached on the e-commerce ...
Even handicraft marketplace Etsy needs AI to compete, says CEO
TechXplore· 2024-11-13 10:30
Core Insights - Etsy's CEO, Josh Silverman, emphasized the essential role of artificial intelligence (AI) in the company's operations, stating that the platform could not function without it [2][3] - Etsy has evolved into a multi-billion-dollar e-commerce platform with seven million sellers and over 90 million buyers, facing competition from various sources, including major e-commerce giants and traditional retail [2][3] - The company has faced challenges from its sellers regarding increased commission rates and the introduction of AI-generated products, leading to protests and internal debates [4][8] Company Overview - Founded in 2005, Etsy initially focused on handmade goods but has faced scrutiny over the authenticity of its offerings [7] - The platform's growth has led to a shift in competition, with AI becoming crucial for product management and search optimization [2][3] - Silverman noted that while most sellers are artists rather than businesspeople, the company aims to support their sales efforts [6][10] Seller Relations - In 2022, Etsy raised its commission from 5% to 6.5%, which led to protests from sellers who temporarily ceased operations to express their dissatisfaction [4][5] - Despite the protests, Silverman highlighted that 99.5% of sellers did not participate in the strike, indicating a divide in seller sentiment [6] - The company has implemented new guidelines to address concerns over AI-generated products, allowing them while managing the quality of listings [8] Leadership Perspective - Silverman, who became CEO in 2017, has a background in technology and venture capital, and he aims to align the interests of the company with those of its sellers [9][10] - He believes that the company's growth can benefit all stakeholders, stating, "We make the pie bigger for everyone" [10][11]
Facebook and Instagram users in Europe can opt for less personalized ads
TechXplore· 2024-11-12 17:31
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Meta logo is seen at the Vivatech show in Paris, France, on June 14, 2023. Credit: AP Photo/Thibault Camus, File Facebook and Instagram users in Europe will get the option to see less personalized ads if they don't want to pay for an ad-free subscription, social media company Meta said Tuesday, bowing to pressure from Brusse ...
This SAP industry center uses artificial intelligence to streamline manufacturing
TechXplore· 2024-11-07 13:00
Core Insights - Exela Pharmaceutical Sciences rapidly adapted its manufacturing capabilities to produce intravenous saline bags in response to Hurricane Helene, demonstrating the effectiveness of its upgraded technology and AI applications [1][3][4] Group 1: Technological Advancements - Exela upgraded its manufacturing technology, including new software that connects various functions such as production data, materials sourcing, and compliance, utilizing AI to enhance efficiency [2][6] - The implementation of "Industry 4.0" software allowed Exela to produce IV bags ready for shipment in less than three weeks, showcasing the potential of AI-enhanced manufacturing [3][4] - The typical cost for SAP's digital manufacturing execution system is around $100,000 annually, with an additional hardware investment of at least $300,000, leading to expected productivity savings of 10% and a tripling of profitability over three years [6] Group 2: Industry Impact - The SAP Industry 4.0 Center serves as a model for demonstrating the integration of AI in manufacturing, helping companies visualize and implement solutions to enhance supply chain efficiency [17][19] - Exela's experience indicates that automation does not necessarily lead to job losses, as the company has continued to hire even while automating production due to increased sales [13] - GSK plans to invest up to $800 million in a new factory that will create only 200 jobs, highlighting the trend of automation leading to fewer jobs in next-generation factories [14] Group 3: Collaborative Efforts - SAP collaborates with various companies to showcase the impact of AI on factory automation, with the Industry 4.0 Center hosting demonstrations for stakeholders [10][11] - The center features machines from multiple companies, emphasizing the collaborative nature of modern manufacturing solutions [15][16] - SAP's integration with products from competitors like Amazon and Google illustrates the competitive landscape of business software in North America [18]
Nvidia surpasses Apple as world's biggest company
TechXplore· 2024-11-06 09:39
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Chip-making giant Nvidia surpassed Apple on Tuesday to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street. Shares in the AI juggernaut rose 2.9 percent to $139.93, swelling its market capitalization to $3.43 trillion, ahead of Apple at $3 ...
Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
TechXplore· 2024-11-02 20:24
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The logo of semiconductor chip maker Intel is pictured at the Paris games week in Paris, Nov. 4, 2017. Credit: AP Photo/Christophe Ena, File Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips tha ...
Google Maps adds AI features to help users explore and navigate the world around them
TechXplore· 2024-10-31 15:26
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: One of the cars that Google uses to periodically to photograph the millions of destinations covered in its digital maps is shown during a pit stop at its "Street View Garage" in Palo Alto, Calif., on Wednesday Oct. 30, 2024. Credit: AP Photo/Michael Liedtke Google Maps is heading down a new road steered by artificial intelligenc ...