Commerce

eBay, Stripe, Mastercard, and Visa leave Facebook’s Libra Association

(Reuters) — Facebook’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did eBay, Stripe, and Latin American payments company Mercado Pago. They …

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3 sales tax issues that impact YOUR investments — and they’re serious

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Google schedules Pixel 4 hardware event for October 15

Google today sent out invites for an October 15 hardware event in New York City. The company will almost certainly detail its Pixel 4 and Pixel 4 XL smartphones at the annual Made by Google event. We say “detail” because Google has already shown off the devices in response to the first Pixel 4 leaks. …

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Partnership on AI: Governments should give AI researchers special visas to attend conferences

Governments around the world should create visa classifications especially for the international AI and machine learning community, the Partnership on AI said today in a newly released report. Such visa classifications should be made both for working professionals as well as students and interns in AI and ML in order for them to more easily …

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20 years after the dot-com crash: Is this time different?

Twenty years ago this year, Pets.com’s sock puppet appeared in the Macy’s Thanksgiving Day Parade. The company flamed out the next year and became a symbol of dot-com excess. With the biggest wave of multi-billion-dollar tech-powered IPOs hitting the market, there has been some talk about a dot-com crash II. But a lot has changed over the …

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The shift toward open source conversational AI

In July, Uber released a new open source AI library called the Plato research dialogue system. A couple of months ago, Cisco open-sourced its MindMeld conversational AI platform, after acquiring the company of the same name in 2017 for $125 million. Why are so many new libraries being announced? There seems to be a trend …

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Tesla rolls out electric vehicle insurance in California

(Reuters) — Tesla said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles. Chief Executive Elon Musk has been one of the strongest proponents of the idea that car insurance rates should plummet as driver-assist and self-driving …

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Canalys: Baidu passes Google to become No. 2 smart speaker company

Baidu is now the No. 2 two smart speaker company globally in terms of shipments, according to a new report from Canalys. The Chinese technology giant entered the affordable smart speaker market last June when it launched the 249 yuan ($39) Xiaodu, having ditched an earlier high-end smart speaker called Raven-H, which cost around 7 …

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20+ stats that show how online retail is changing – Econsultancy

Changing retail trends – in particular the rise of online shopping – are one of the biggest topics that we cover at Econsultancy and one that we’ve been writing about more or less since the beginning. But even within online retail (ecommerce) alone, we’ve seen huge shifts and changes over time – online retail in …

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Facebook Trying To Habituate Consumers Around Driving Transactions, Says Button CEO

“The Instagram effort is one that we predicted for a long time,” says Button CEO Michael Jaconi. “I wasn’t the most popular guy in the venture capital pitch room saying hey, the world is moving to commerce. They said advertising makes so much money. In reality, what I think Facebook is doing is very smart. …

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What does Instagram Checkout mean for ecommerce? We ask the experts – Econsultancy

In the past, social media platforms have found it difficult to provide an end-to-end in-app ecommerce experience for users. Take Twitter’s defunct ‘Buy button’, for example, which was shuttered back in 2017 following a reluctance from both brands and Twitter users to make use of the feature.   So, what makes Instagram Checkout any different from its predecessors? …

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