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3 ways Generative AI is transforming the retail industry

CIO

Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. How can Generative AI speed innovation in retail? Caton : CarMax reviews millions of vehicles.

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Amazon downsizes AWS in a fresh cost-cutting round

CIO

The layoffs will affect AWS’ sales, marketing, and brick-and-mortar technology development teams. However, the company faces intense competition in the cloud computing market, particularly from Microsoft, which has emerged as a formidable rival. Google also saw an increase in its market share.

AWS 279
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How to incubate a winning innovation program

CIO

When leaders consider how technology has enabled the transformation of business models over the past several years, few would disagree that the world has changed dramatically. Retail, entertainment, music, and banking have largely moved online. Businesses must remain ever-ready to innovate as an aspect of their routine operations.

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Retail investors or guinea pigs?

TechCrunch

Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. There is a paradox when it comes to retail investors: Many startup-related deals are out of their reach (in part for their own sake). I have nothing against innovation, even when it comes to fundraising. Want it in your inbox every Saturday?

Retail 234
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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5

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Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

TechCrunch

Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns.

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How e-commerce companies can brave the new retail environment

TechCrunch

Simon is a partner with Cathay Innovation , a global venture capital firm investing across North America, Europe, Asia and Africa. While these factors are largely out of retailers’ control, we’re seeing a few emerging companies that have adapted by entrenching with existing customers and building their organic brand. Contributor.

Retail 231