On today's episode, we discuss what the biggest impact of generative artificial intelligence (AI) will be, whether time spent with ad-supported media is falling, why Lululemon is looking to sell its connected fitness company Mirror, the battle between SMS and email, what makes a shopping experience convenient, which country could see its population cut in half; and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian, and analysts Blake Droesch and Paul Verna.
Mercado Libre more than tripled its net income in Q1: The company’s high-margin retail media business grew 62% YoY.
Gaming on smartphones saw declines for key metrics in 2022, putting a wrinkle in a growth trend that nearly dates back to the launch of app stores. Read on for figures that highlight what’s changing, and how these changes might impact user acquisition.
Facebook was the leading social platform among US teens and adults in January, used by 61% of those in an Edison Research survey. Instagram came in second (44%), followed by TikTok (33%) and Pinterest (31%). Twitter and Snapchat tied for fifth, at 27%.
Generative AI is the topic of the moment, and the dollars are following: Spending on AI-centric systems worldwide will jump to $154 billion this year from $121 billion last year, according to the International Data Corporation. If you’re not already using the tech, it’s time to get startedHere’s how retailers are using the AI.
Shopify is exiting the logistics business: The company is selling its fulfillment assets to Flexport and Ocado to focus on its core ecommerce products and AI.
Beer drinkers are unfazed by price hikes: But trouble may be ahead for AB InBev due to the company’s repeated missteps.
Digital health startups to watch: We spotlight pharma-focused analytics company Odaia and digital therapeutics player DarioHealth on the back of fresh funding.
Drug prices put pressure on consumers: Market forces and federal legislation will halt growth in drug spending over the next five years. We detail some caveats on the back of new data.
AmerisourceBergen turns to telehealth: The pharmaceutical distributor is partnering with SteadyMD to use telehealth as a means to boost Rx sales.
Meta's major monetization of minors mishap: The FTC has proposed to bar the social giant from using children's data for their ad business.
DoorDash and Uber Eats deliver solid results: That’s thanks to their strong customer retention, which will prove important if the economy worsens.
The chip giant says it will begin producing 2-nm chips in 2025. A clear product runway for next-generation microprocessors will help secure future business from its customers.
Amazon wants to make Alexa as smart as ChatGPT: A leaked memo about a smarter, more conversational voice assistant shows pressure to ignore obvious risks in Big Tech’s AI race.
The increased reliance on cloud services and apps in organizations is opening up a Pandora’s box of vulnerabilities. Businesses need to tighten their security or risk monumental losses.
Unity’s latest layoffs illustrate an industry-wide strategy: Job cuts, office downsizing, in-person requirements, and automation are running themes that could spoil brand images and revenue streams among Gen Z consumers.
The speed at which the CFPB and other regulators have joined forces to strengthen AI oversight shows the scale of the risks the technology poses.
Aftershocks will include new regulation and a possible credit crunch.
From three options, it promoted targeted coverage for certain business accounts.
Interoperability between the markets pits geopolitical tension against India’s payments expansion bid