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Shivi Sharma spent a decade working in credit risk at places like American Express and Varo Bank. At some point, she realized teams were spending equal amounts of time analyzing all types of loans — regardless of whether it was worth $100,000 or $5 million — meaning assessing smaller loans was ultimately an unprofitable and time-consuming process for lenders. She … Read more
For Amazon delivery drivers, new glasses promise something more than just clearer vision or the blocked sun glare. Amazon is developing AI-powered smart glasses for its delivery drivers, the company said in a Wednesday blog post. The glasses will allow drivers to scan packages, following detailed walking directions, and document proof-of-delivery without their phones. Using … Read more
Nestlé will lay off 16,000 employees worldwide as recently-appointed CEO Philipp Navratil looks to turn around the world’s largest food company. In a bid to cut costs, Nestlé will slash 12,000 white-collar jobs along with an additional 4,000 manufacturing and supply-chain positions, reducing 6% of its global workforce over the next two years, the company … Read more
Folks, buckle up because if there’s one name lighting up the ticker tape this morning, it’s UiPath (NYSE: PATH). As of this writing, shares are rocketing higher by more than 20%, turning heads from Wall Street to Main Street. That’s not just a blip – it’s the kind of move that gets your heart racing … Read more
At the “Make with Notion” event on Thursday, the company announced the launch of its first AI agent. The agent will draw on all a user’s notion pages and database as context, automatically generating notes and analysis for meetings, competitor evaluation reports, and feedback landing pages. The productivity platform said that the agent can create … Read more
Picture an oilfield. Chances are you see a greasy drilling rig surrounded by a group of equally greased-up and grizzled oilmen, moving heavy equipment in a dangerous and labor-intensive environment. Not these days. The coverall-adorned roughnecks of yesteryear today are now much fewer and more likely to sit in data vans monitoring the computer screens … Read more
Good morning. As automation gains momentum in the food service industry, Mediterranean restaurant chain Cava—known for fan favorites like pita chips—is making its first major investment in the space. Cava has invested $5 million in Hyphen—a foodservice platform that automates culinary operations such as meal production at assembly stations—and committed an additional $5 million, subject … Read more
Fast-casual competitors Chipotle Mexican Grill and Cava Group are coming to the table together to invest in the future of restaurant technology. Hyphen, a foodservice platform that automates culinary operations—including meal production at assembly stations—has raised $25 million in Series B funding led by Chipotle’s Cultivate Next venture fund, which invested $15 million, and Cava, … Read more
Two decades ago, the name of the game in U.S. manufacturing was offshoring. Just as China was entering the World Trade Organization and ramping up its capabilities, it seemed like every U.S. company from General Motors to Dell was racing to move its operations outside the country. The ethos was exemplified by General Electric CEO … Read more
An Amazon logistics center in Mecklenburg-Western Pomerania, Dummerstorf, Germany, on Nov. 27, 2024. Picture Alliance | Picture Alliance | Getty Images Amazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The move comes at a time when more tech companies are … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4