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Innovation News
Pymnts
9h
340
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AI, Omnichannel and Social Commerce: Inside the 2024 D2C Transformation
- D2C retailers are adopting AI-powered personalisation and tailoring options based on individual preferences, using advanced data analytics and marketing algorithms which process large amounts of consumer data.
- Omnichannel strategies are being adopted to offer seamless experiences to customers across various channels during their shopping journeys.
- The D2C model is proving popular, with US sales projected to reach $177.3 billion by 2024. Subscription models and loyalty programmes are key in driving growth and providing ongoing customer retention and incentive for loyalty.
- D2C retailers are embracing ethical and sustainable practices, including eco-friendly packaging, transparent supply chains and a focus on resale, repair and rental by 2030.
- Social media platforms and mobile shopping are becoming integral to the shopping experience, with social commerce accounting for over $67 billion US sales in 2023 and mobile sales reaching $2.2 trillion in 2023, representing 60% of global eCommerce sales.
- D2C retailers are responding to high cart abandonment rates by offering more flexible payment options including BNPL schemes, digital wallets and payment processors which prioritise certain payment options to meet consumer demand.
- Full Glass Wine Co. faced the challenge of launching its direct-to-consumer model in a traditional and fragmented industry, using AI to personalise wine recommendations and selections based on consumer behaviour, preferences and purchasing patterns.
- Instacart is implementing AI-powered Caper Carts, equipped with digital screens in the United States and Austria, aimed at streamlining the checkout process and enhancing the shopping experience.
- The lines between online and offline shopping continue to blur, with 73% of retail consumers opting for multiple touchpoints during their shopping journeys.
- Rent the Runway is launching a new $119 per month subscription tier aimed at expanding its customer base and setting the stage for D2C growth in 2025.
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Silicon
1d
224
Image Credit: Silicon
OpenAI Starts Testing New ‘Reasoning’ AI Model
- OpenAI has started testing a new 'reasoning' AI model family, o3 and o3-mini, as it competes with tech giants like Google.
- o3 is the successor to o1 and is designed for complex programming, maths, and science tasks.
- The models spend time analyzing their responses before answering queries, making them reliable but computationally expensive.
- OpenAI plans to launch o3-mini by the end of January and full o3 afterwards, with safety researchers able to preview o3-mini.
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HRKatha
1d
317
Image Credit: HRKatha
Google lays off 10% of managers; Pichai wants more ‘Googleyness’
- Google plans to lay off 10% of its managers, including directors and vice presidents, as part of efforts to streamline processes, increase efficiency, and cut costs.
- The objective is to reduce the team size by 10% while aiming for a 20% increase in efficiency. Impacted managers will be reassigned as individual contributors or have their roles eliminated.
- Sundar Pichai, CEO of Google, emphasized the importance of 'Googleyness' which refers to innovation, teamwork, and goal-oriented approach in Google employees.
- Earlier this year, Google executed layoffs in its cloud computing unit and 'core' teams, with some jobs being relocated overseas.
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Medium
5h
27
AstraAI and $ASTRA: Pioneering the Next Era of AI and DeFi Innovation
- AstraAI integrates advanced AI models within a decentralized framework to tackle real-world challenges in a range of industries.
- $ASTRA is the token that powers AstraAI's ecosystem, with a sustainable tokenomics model for users and investors.
- AstraAI's practical applications span multiple industries and the project's roadmap includes ambitious yet achievable milestones.
- AstraAI and $ASTRA aim to revolutionize the integration of AI and DeFi, offering lasting impact and opportunities for investors, developers, and tech enthusiasts.
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Silicon
8h
74
Image Credit: Silicon
Microsoft Diversifying 365 Copilot Away From OpenAI
- Microsoft is diversifying its enterprise AI offering, 365 Copilot, away from OpenAI technology.
- The company is adding internal and third-party AI models to cut costs and improve efficiency.
- Microsoft aims to reduce dependence on a single supplier and provide cost savings to customers.
- The move follows similar strategies implemented in other Microsoft AI offerings.
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Pymnts
9h
0
Image Credit: Pymnts
Financial Services Regulation in 2025: More of the Same or Radical Shift?
- 2025 is expected to bring about a radical shift in financial services regulation.
- Bank-FinTech partnerships will continue to be a focus, with efforts to manage risks and redefine record-keeping.
- Consumer Financial Protection Bureau (CFPB) may undergo changes under the new administration.
- Regulations on open banking, overdraft fees, and buy now, pay later payments are being challenged in court.
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Coin Telegraph
11h
96
APAC’s Web3 and AI dream — Is it the real deal?
- The Asia-Pacific region has the potential to lead in Web3 and artificial intelligence innovation.
- APAC is establishing itself as a trailblazer in crypto and Web3 adoption, with India, Vietnam, and Indonesia leading the pack.
- The region faces challenges such as fragmented regulatory environments and infrastructure gaps.
- With solid policy foresight, a growing developer base, high market adoption, and rapid innovation, APAC has the potential to redefine the global digital landscape through the merging of Web3 and AI.
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Spicyip
11h
122
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Call for Submissions: GNLU’s Journal of Law and Technology
- Gujarat National Law University (GNLU) invites submissions for its Journal of Law and Technology (ISSN: 3048-9989 (Print)) on rolling basis.
- GNLU Journal of Law and Technology is a bi-annual journal open for submissions from academicians, practitioners, research scholars and students.
- The Journal aims to provide a platform to share views via publication of articles on existing/upcoming scientific and their legal and ethical implications.
- It encourages paper submissions focusing on the amalgamation of any area of technology and law.
- The University has instituted, GNLU Centre for Law and Technology (GCLT) and it strives to keep its stakeholders abreast with the developments in either of the fields and ensure providing a platform for the creation of the academic blend of science and law.
- The Journal hereby calls for articles, short notes, book reviews, case, and legislative analysis.
- The manuscript shall be free from all grammatical and spelling errors.
- The submission of the files shall be in the Microsoft Office (doc./docx) formats only.
- The word limit for Articles, Essays, Book Reviews/Case Commentary/ Short Notes (2000-5000 words)
- All submissions must follow the OSCOLA style.
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Medium
14h
189
Image Credit: Medium
Design Thinking: A Iterative Path to Innovation
- Design Thinking is an iterative path to innovation.
- The process begins with understanding users and their needs.
- Next, the problem is defined clearly and concisely.
- Ideation involves generating numerous ideas without restrictions.
- Prototyping allows for creating rough models and testing concepts.
- Testing with real users provides insights for refinement and iteration.
- Design Thinking is a cyclical journey that leads to innovative solutions.
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Medium
23h
258
Image Credit: Medium
Enhancing Immersive Experiences: The bHaptics TactSuit and Sony’s Mocopi Trackers
- The bHaptics TactSuit is a wearable haptic feedback system that enhances immersive experiences in virtual environments. It provides physical sensations beyond visuals and sounds.
- Sony's Mocopi trackers capture real-world movements with precision and translate them into the virtual environment for accurate motion tracking.
- The combination of the bHaptics TactSuit and Sony's Mocopi trackers opens up possibilities for fully immersive VR and AR experiences.
- These technologies push the boundaries of VR and AR, shaping the future of gaming, entertainment, training, and social interaction.
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Medium
1d
22
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SAF Part III: Leaders in Sustainable Aviation Fuel
- Leading companies such as Neste and Cemvita are driving the production and adoption of Sustainable Aviation Fuel (SAF).
- Airlines like United Airlines, Air France-KLM, Delta Air Lines, and Southwest Airlines are investing heavily in SAF to meet decarbonization targets.
- SAF pathways include Hydroprocessed Esters and Fatty Acids (HEFA), Fischer-Tropsch (FT), Alcohol-to-Jet (ATJ), and Power-to-Liquids (PtL).
- SAF serves as a crucial solution for the aviation sector's transition to a low-carbon future, with significant investments and collaborations driving its production and adoption.
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Medium
1d
218
Image Credit: Medium
What’s so scary about Innovation?
- Artificial intelligence is becoming increasingly prevalent and essential in our daily lives.
- Big corporations are investing heavily in innovation, including more advanced forms of AI.
- AI is now embedded in the tools we use, such as search engines and personal assistants.
- Innovation has led to significant advancements, transforming clunky phones into sleek smartphones.
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Silicon
1d
266
Image Credit: Silicon
US ‘Adding Sophgo’ To Blacklist Over Link To Huawei AI Chip
- The US Commerce Department is adding Chinese chip company Sophgo to the trade blacklist for its link to Huawei AI processor.
- Sophgo, an affiliate of Bitmain, will be added to the Entity List, barring US companies from supplying it without a license.
- TSMC had stopped supplying Sophgo after it was found that a TSMC-manufactured chip was inside Huawei's 910B AI chip.
- The US is imposing restrictions to prevent China from developing advanced chips for AI, citing national security concerns.
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Silicon
1d
221
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Journalism Group Calls On Apple To Remove AI Feature
- Journalism group Reporters Without Borders calls on Apple to remove AI notification summaries feature
- RSF expresses concerns over distortions and false headlines generated by Apple's AI feature
- RSF argues that the AI technology is too immature and unreliable for delivering accurate information
- Apple has not yet responded to the incident, but RSF urges the tech giant to act responsibly
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HRKatha
1d
280
Image Credit: HRKatha
The Marico way: Redefining inclusivity and innovation
- Marico’s journey from a family-owned enterprise into a global leader is shaped by The Marico Way.
- This framework fuses inclusivity, innovation, and diversity, creating a workplace culture that aligns seamlessly with the company’s ambitions.
- Marico undertook a comprehensive exercise to refine its core values, engaging stakeholders across geographies.
- Inclusivity is embedded in Marico’s DNA and operationalised through a range of initiatives including regular feedback loops to stay attuned to employee sentiment.
- The company also has tailored initiatives like Ignite for emerging talent, WINGS for employees with disabilities, and Phoenix to facilitate the reintegration of women.
- Marico’s operations span traditional and digitally enabled businesses, each requiring tailored approaches.
- Recognition is a cornerstone of Marico’s value-driven culture with initiatives like I Value You month.
- The company exemplifies what it means to be a future-ready organisation by embedding inclusivity into its operations.
- In terms of feedback, Marico utilizes tools such as AI chatbots to gather real-time feedback, ensuring that all employees needs are met.
- Marico's approach allows the company to maintain its identity and address the nuanced demands of its diverse operations.
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