Tag: Ecommerce

Shopify, an industry leader in e-commerce solutions, announces difficult layoffs and logistics arm sale to Flexport. Pando, a fulfillment tech startup, raises $30M ($45M total) signaling robust investment in supply chain sector. Tellus, an Andreessen Horowitz-backed fintech, faces US government scrutiny. Index Ventures' Heymann shares his insights on venture capital and metrics. TechCrunch+ offers founders a discounted membership with access to their AI tech news.

Chegg Inc. has faced a drastic decline in their stock prices due to the rising popularity of ChatGPT as a learning resource, causing an alarming decrease of 30% on Monday. Low subscriber growth and reported earnings totaling $2.2 million or 2 cents a share have sparked worry amongst investors, resulting in Chegg’s stock at its lowest point since 2017. Dan Rosensweig, President and CEO of Chegg, attributes Chegg’s revenue drop to student interest in ChatGPT. Chegg is a valuable online learning platform aiding students with tutors, answers and more.

ChatGPT is an AI-driven chatbot platform developed by OpenAI that allows developers to create natural language processing and machine learning powered, dynamic AI-driven chatbot. With the new European Union regulation proposal that calls for developers to publish detailed summary of their AI models, OpenAI and other large language models could potentially be affected, as they use datasets that may contain copyrighted content such as song lyrics or computer code. This bill is expected to be finalized and implemented this year, providing global standard for AI regulation.

Amazon, the world's largest online marketplace and cloud computing platform, is affirming its commitment to ecommerce by wanting to become the go-to supplier for business supplies. This initiative is especially relevant in times of crisis, as seen during the Covid-19 pandemic when over 27,000 employees were sent off. Vice President of Amazon Business Alexandre Gagnon wants to enable bulk buys for businesses seeking desks, chairs, and printers, allowing for larger discounts on fulfilment. Amazon consequently closed some of its physical stores, adjusted to the ever-changing market.

Discover the potential of AI, ChatGPT and GPT-4 technologies, and learn how to best apply them to your business, with Transform 2023. This event covers all aspects of AI, from customer service and automotive safety, to financial forecasting and more. Get educated on both the benefits and pitfalls and start taking advantage of the power of AI!