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microsoft MSFT stock hit an all-time high on Friday as the company prepares to unveil its latest advances in artificial intelligence at a conference next week. X In today's stock market intraday trading, Microsoft stock hit an all-time high of 370.09. This move pushed MSFT stock above the cup base with a buy point of 366.78, according to IBD MarketSmith charts. It closed regular trading at 369.67, up 2.5%. Microsoft stock has been plummeting recently. It rose for nine consecutive days until Thursday, but fell 0.7% on Thursday to close regular trading at 360.69. This winning streak is the longest…
As generative artificial intelligence advances rapidly, Adweek's weekly summary provides an overview of the latest updates, regulatory activity, and business developments in the world of generative AI that marketers need to know about.This week's news updates include: In terms of policy According to Reuters, ahead of the 2024 US presidential election, Meta has banned political advertisers from using its generated AI advertising products. Meanwhile, the company has required political advertisers around the world to disclose their use of third-party AI tools in politics and advertising, The New York Times reported. But it's becoming increasingly difficult to accurately detect whether an…
News and notifications, customer alerts and processing times News and Notices: Stay up-to-date on changes that affect your business in the Business Programs department. Customer Alert: Get the latest information on confirmed scams against Californians and California businesses and what to do if you've been a victim of a scam. Get the current processing date for your business entity and determine which submission method meets your needs. online services Order corporate returns, title reservations, status certificates, and certified copies online for over 140 corporations, limited liability companies, and limited partnerships. The Business Entities Section of the Secretary of State's…
Editor's note: Sign up for CNN's newsletter “while in china,” which explores what you need to know about the rise of China and its impact on the world. Hong Kong CNN — China's economic instability has affected the world's biggest annual shopping event, with companies launching fierce price wars to attract customers. The Singles' Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has become a weeks-long shopping frenzy in China. It regularly records more sales than Black Friday and Cyber Monday combined and is considered a bellwether for consumer spending appetite. Companies have come…
Editor's note: Sign up for CNN's “while in china” newsletter, which explores what you need to know about the rise of China and its impact on the world. Hong Kong CNN — China's economic instability has affected the world's biggest annual shopping event, with companies launching fierce price wars to attract customers. The Singles' Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has become a weeks-long shopping frenzy in China. It regularly records more sales than Black Friday and Cyber Monday combined and is considered a bellwether for consumer spending appetite. Companies have come…
China's Xinhua News Agency on Thursday unveiled the world's first AI anchor that can read news in English and Chinese. Xinhua News Agency, in collaboration with search engine operator Sogou, unveiled the new technology at the World Internet Conference in Wuzhen, China, the South China Morning Post reported. The AI anchor takes the form of a human and reads news articles aloud. The minimal facial expressions and lip movements are very realistic. Xinhua's first English-language AI anchor introduces himself and his abilities. The AI anchor's face and voice were designed based on the station's news anchor Zhang Zhao. He can…
CHARLOTTE, N.C. — E-commerce and global sales drove Krispy Kreme Inc.'s results for the second quarter ended July 2, as the company's aggressive omnichannel, hub-and-spoke distribution It continued the trend seen from the expansion. In the quarter, Krispy Kreme's global access locations increased 12.8% year over year to 12,872 locations, and international sales per hub increased 3%.U.S. net revenue increased 9.3% to $22.8 million, and organic revenue increased 12.7%, primarily driven by e-commerce sales. Internationally, net revenue increased 4.8% year over year. The company attributed this to higher prices and an increase in access points of 245 (7%). E-commerce as…
There’s never been a better time to start an e-commerce business. Every aspect of running a retail business—sales, inventory, CRM—has easy-to-use cloud software to manage it. Go with a dropship business model, and your upfront needs are reduced to a good idea and a few hundred dollars a month. The ease with which you can do this today is the result of 30 years of e-commerce evolution. To better understand just how far e-commerce has come, it’s a good idea to look at where it started.Once Upon a Time On the InternetIn 1991, the world was only beginning to wake…
Amazon is reportedly investing heavily in the development of a large-scale language model (LLM) named Olympus. According to Reuters, the tech giant is pouring millions of dollars into the project to create a model with a staggering 2 trillion parameters. For comparison, OpenAI's GPT-4 is estimated to have around 1 trillion parameters. This move puts Amazon in direct competition with the likes of OpenAI, Meta, Anthropic, and Google. The team behind Amazon's efforts is led by former Alexa head Rohit Prasad, who now reports to Andy Jassy as CEO. As Amazon's chief scientist for artificial general intelligence (AGI), Prasad has…
Offering free shipping can attract customers and increase sales. However, shipping costs have to be absorbed somewhere, which can make the product more expensive. — Getty Images/Alistair Berg E-commerce businesses that can offer free shipping have a huge advantage over their competitors. According to JungleScout's 2023 Consumer Trends Report, the top three reasons people shop online are because of convenience, fast shipping, and free or low-cost shipping. However, depending on your business goals and philosophy, free shipping has its pros and cons. [Read more: 5 Unavoidable Costs E-Commerce Businesses Often Overlook] Benefits of offering free shipping for your e-commerce business…