Latest News, Updates & Breaking Headlines
Walmart has told its more than 2.1 million employees that AI is meant to improve their jobs, not replace them, reports Financial Times. Speaking at Walmart’s annual Associates Week gathering in Arkansas, company leaders said technology will play a bigger role in the future of work, but employees will remain at the center of the…
Walmart shareholders voted against an investor proposal asking it to report on how its use of AI is affecting the well-being of its employees, according to voting results from the retailer’s annual shareholders’ meeting. The proposal, filed by investor United for Respect, reportedly asks Walmart to explain how it measures the effect of advanced technologies…
Walmart, America’s largest private employer has announced its plans to layoff or relocate around 1,000 corporate employees as part of a restructuring effort in oder to combine its global technology and product teams. According to a report by The Wall Street Journal, in a memo to staff, Walmart executive Daniel Danker, head of global AI…
Amazon is facing price-fixing allegations in California. According to a report by The New York Times, a newly unsealed filing released this week claims that the e-commerce giant pressured major brands like Levi’s and Hanes to influence pricing on rival platforms. The filing is part of an ongoing antitrust lawsuit filed by the US state…
Refunds for tariffs imposed by US President Donald Trump are set to begin rolling out to American businesses soon. This comes after the US Supreme Court ruled that certain import taxes imposed by Trump were unconstitutional. According to a report by the news agency AP, the refund system, administered by US Customs and Border Protection…
AI is impacting roles worldwide. Its growing impact is also beginning to shape leadership decisions at some of the world’s largest companies. Two major CEOs — from Coca-Cola and Walmart — have recently said that the rise of AI played a role in their decision to step down. Speaking in separate interviews with CNBC, both…
Walmart’s partnership with Sam Altman-led OpenAI to enable shopping through ChatGPT has not delivered strong results so far. According to a report by Wired, the feature that allows users to buy products directly within the chatbot, has seen lower sales compared to traditional online shopping methods. As per the report, Walmart made around 200,000 products…
Amazon recently announced that it is expanding its quick delivery offerings with new 1-hour and 3-hour options across several US cities. This new fast-delivery service comes as the company steps up its competition with its biggest rival, Walmart. Announcing the move, Amazon CEO Andy Jassy took to microblogging site X (formerly Twitter) to say the…
Walmart reached a market capitalization of over $1 trillion on Tuesday (February 3). This makes the American company the first retailer in the world to join an exclusive club of companies to reach a 13-figure valuation that mostly consists of technology companies like Google, Nvidia, Amazon, Microsoft and Meta. The company has been riding on…
MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
