• Thursday • March 21, 2024

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    Wall Street Journal

    Amazon’s New Focus: Fending Off Rivals Temu and Shein

    The E-Commerce Companies with Chinese Roots Have Replaced Walmart and Target as Amazon’s Central Competitive Focus

    Amazon is training its attention on emerging e-commerce players Temu and Shein, viewing the newer platforms as significant threats to its online shopping dominance.

    Temu and Shein have, for now, supplanted Walmart and Target as focal points in internal Amazon meetings related to retail, people familiar with the matter said. The companies with Chinese roots are expanding in the U.S. and targeting Amazon customers. Temu has gone on an advertising blitz, spending billions of dollars and becoming the top advertiser by revenue on Meta Platforms in 2023, The Wall Street Journal reported this month.

  • Tuesday • March 19, 2024

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    Fast Company

    How Perplexity aims to reinvent web search

    The Company Leverages AI to Provide More Contextualized and Accurate Answers Rather Than a List of Relevant Links

    The way we search the web—picking through a list of links, some of them paid for, some gamed to show up high on the page—has remained virtually unchanged for more than two decades. Then came AI chatbots, which can understand plain-language questions and return direct answers, potentially reshuffling the $110 billion search ad business now dominated by Google. One-year-old Perplexity’s “answer engine” is at the forefront of this new world of chatbot-assisted search.

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  • Monday • March 18, 2024

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    Industry News Source

    Musk’s xAI Unveils Open-Source AI Chatbot Grok-1

    Elon Musk Has Officially Unveiled His Open-Source Artificial Intelligence Model

    “We are releasing the base model weights and network architecture of Grok-1, our large language model,” Musk’s xAI said on its website Sunday (March 17). “Grok-1 is a 314 billion parameter Mixture-of-Experts model trained from scratch by xAI.”

    The billionaire had announced last week that he was going to roll out an open-source version of Grok, the AI chatbot introduced in 2023. This followed a lawsuit by Musk against artificial intelligence giant OpenAI — a firm he helped found — accusing the company of departing from its mission to come up with AI that helps humanity, in favor of seeking profits. Musk was among the founders of OpenAI at its birth nine years ago, but stepped back from the company’s board in 2018.

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  • Thursday • March 14, 2024

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    Industry News Source

    Amazon’s new ecommerce AI tool will let you create a listing using just a URL

    Selling on Amazon is Getting Even Easier

    Amazon has announced a potentially game-changing ecommerce tool using generative artificial intelligence to make it even easier for sellers to manage their product listings. With the change, sellers will be able to easily create high-quality product pages on Amazon’s platform just by providing a URL to their website. The company said that the introduction of the new AI-powered URL-based uploading comes as part of its commitment to simplifying the listing creation process.

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  • Tuesday • March 12, 2024

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    Industry News Source

    Oracle unveils generative AI tool and more enhancements to its data intelligence cloud suite

    Boosts to Oracle Health Data Intelligence Include System Performance Improvements That Can Help Increase Reimbursements and Enhance Care

    Oracle today at HIMSS24 announced significant enhancements to Oracle Health Data Intelligence, including a new generative AI service to help increase care management efficiency. Oracle Health Data Intelligence, formerly HealtheIntent, is a modular suite of cloud applications, services and analytics. The suite is designed to enable a broad range of healthcare and government stakeholders to use data from across the healthcare ecosystem to help advance patient health, improve care delivery and drive operational efficiency.

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  • Monday • March 11, 2024

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    Forbes

    GenZ Dumping Google For TikTok, Instagram As Social Search Wins

    Google is Losing its Grip on the Search Market at Least For Gen Z

    Gen X and millennials might have made “google” a verb, but Instagram and TikTok are now the preferred search engines for Gen Z when seeking local results. According to a new study of 1,002 U.S. consumers, Google is now in third place for 18 to 24-year-0lds.

    “Google is in for an intense fight to retain its relevance in search with younger users,” says Damian Rollison, director of market insights at SOCI, a marketing technology vendor that conducted the survey.

    For that emerging Gen Z population, Instagram is tops: 67% say they use Instagram to search. TikTok is the second choice: 62% of the 18 to 24 demographic search there, while Google is in third at 61%. (Most people use multiple apps and platforms for search, which is why the numbers exceed 100%.)

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