After two years of testing, McDonald’s has ended its partnership with IBM to develop an artificial intelligence (AI)-powered drive-thru system. The collaboration, which aimed to change the fast-food ordering process by replacing human workers with voice-activated chatbots, had been a closely watched experiment in the industry.The fast-food giant’s decision to remove the technology from over 100 restaurants and seek a new partner underscores the challenges and opportunities presented by AI-powered voice orde ...

McDonald’s is reportedly planning to end its artificial intelligence-powered automated drive-thru order-taking experiment at more than 100 locations after angry customers reported receiving items they didn’t order.The gaffes including adding nine sweet teas to one customer’s order and giving another customer an ice cream cone topped with bacon.The Chicago-based fast food chain and IBM partnered on the pilot program two years ago at select franchises.But the company recently informed franchisees in a recent ...

McDonald's is removing its Automated Order Taker technology from over 100 restaurants.The food chain collaborated with IBM in 2021 to develop and deploy the AI software.Videos showing flaws with the technology at McDonald's drive-thrus went viral in 2023. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By ...

Blue-chip stocks are synonymous with stability and reliability. Investors search amongst these names to find companies with long track records of strong performance, healthy financials and established market presence. These stocks typically come attached to a premium price tag. Yet, even in the current market euphoria, with indices climbing to new heights by the day, a decent number of blue-chip gems are trading near their 52-week lows.Despite most blue-chip stocks continuing to post strong results in recen ...

Some may call it corporate greed, and some may buy the media message, but the truth is that fast food isn’t cheap or quick. This CNBC short documentary covered some of the factors behind fast food price increases. However, it only covered one side of the equation, and investors should have access to the whole picture.The whole picture includes some corporate greed factors, as the issue doesn’t just lie with wage increases and commodity costs; it goes way beyond that. Investors—and consumers—should know that ...

Magdalena Wygralak McDonald’s (NYSE:MCD) is looking back on a 13-quarter streak of uninterrupted, comparable sales growth, despite high inflation weighing on consumer spending in the last two years. The fast-food chain is, despite headwinds, generating consistent, low-single digit growth in comparable revenues and continues to focus aggressively on expansion, both in the U.S. and abroad. I believe McDonald’s is set to benefit from moderating inflation -- a key catalyst for accelerating growth in system- ...

The most recent trading session ended with McDonald's (MCD) standing at $254.28, reflecting a +0.19% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.27%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.88%.Shares of the world's biggest hamburger chain witnessed a loss of 6.45% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 0.48% and the S&P 500's gain of 2.85%.Market participants will be clos ...

McDonald's (MCD) closed the most recent trading day at $253.81, moving -0.94% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.35%.The world's biggest hamburger chain's stock has dropped by 6.83% in the past month, falling short of the Retail-Wholesale sector's loss of 0.54% and the S&P 500's gain of 3.25%.Market participants will be closely following the financial results of ...

McDonald's has lost the EU trademark for use of the term "Big Mac" in relation to chicken sandwiches.The European Court of Justice (ECJ) upheld a complaint against the US fast food giant from Irish rival Supermac's. In 2017 Supermac's attempted to revoke McDonald's use of the term Big Mac, which the company had registered in 1996 for meat, fish and chicken sandwiches and a range of services at restaurants, including takeaway food and drive-through facilities.Generally the rights of a holder to an EU Tradema ...

McDonald's lost its chicken Big Mac trademark rights in the EU on Wednesday.The trading bloc's General Court ruled in favor of Supermac's, an Irish fast-food chain.Rival takeaway companies will now be able to use the term "Mac" to sell chicken-based products. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...