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Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion

Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion

Jul 13, 2023 | Business, Economy, Technology, Top News, US

By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for discounts on the e-commerce platform, Adobe Analytics data on Thursday showed. Shoppers...
Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers

Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers

Jul 13, 2023 | Business, Economy, Technology, US

By Ananya Mariam Rajesh, Granth Vanaik and Arriana McLymore (Reuters) -Amazon.com’s Prime Day two-day shopping event saw U.S. online sales rise nearly 6% to $6.4 billion from a year ago on its first day, as heavy discounts lured bargain-hunting customers who...
Shopify to launch AI assistant for merchants

Shopify to launch AI assistant for merchants

Jul 12, 2023 | Business, Canada, Science, Technology

(Reuters) – Canadian ecommerce firm Shopify said on Wednesday it would soon launch an artificial intelligence assistant for merchants on its platform, the latest technology company to roll out such a feature. The assistant called “Sidekick” would be...
What is Nasdaq’s special rebalancing and its impact?

What is Nasdaq’s special rebalancing and its impact?

Jul 12, 2023 | Business, Economy, Technology, US

By Sruthi Shankar and Medha Singh (Reuters) -A “special rebalance” of the Nasdaq 100 index will take place later this month as exchange operator Nasdaq looks to reduce the concentration of heavyweight companies that account for nearly half of the...
Generative AI comes to Nasdaq, winning over engineers

Generative AI comes to Nasdaq, winning over engineers

Jul 11, 2023 | Business, Technology, US

By Jeffrey Dastin AUSTIN (Reuters) -Months since ChatGPT’s debut, engineers and marketers at the stock exchange operator Nasdaq are embracing newer artificial intelligence, while its lawyers are treading more cautiously, its chief technology and chief...
Sapphire Ventures plans to invest over $1 billion in enterprise AI startups

Sapphire Ventures plans to invest over $1 billion in enterprise AI startups

Jul 11, 2023 | Business, Technology

By Krystal Hu (Reuters) -Sapphire Ventures plans to invest over $1 billion in AI enterprise startups, doubling down on the technology’s adoption by companies across the world, its president Jai Das said at the Reuters MOMENTUM conference in Austin on Tuesday....
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