Japanese tech giants NTT Communications and SoftBank are making strides in using artificial intelligence (AI) to improve the working conditions of call centre employees. These initiatives focus on alleviating the significant psychological stress faced by workers, especially when dealing with challenging customer interactions. A primary goal of these new AI systems is to enhance the […]
Nvidia Set to Overtake Apple’s Market Value
Nvidia’s meteoric rise in stock prices may see it poised to become the most valuable company in the world, overtaking Apple, a title it has held for considerably long. This situation is fueled by the unprecedented demand for AI chips, which has driven investor enthusiasm and confidence in Nvidia’s future profitability, particularly in the thriving […]
Walgreens Plans to Shutter 14% of US Stores Over Three Years
The recent decision by Walgreens Boots Alliance Inc to close 14% of its U.S. stores marks a pivotal moment in the retail landscape. This announcement highlights a broader trend within the pharmaceutical retail sector, reflecting significant challenges faced by traditional brick-and-mortar stores in a rapidly changing consumer environment. The decision to close approximately 1,200 locations […]
UK Launches Innovative Programme to Mitigate AI Risks and Foster Economic Growth
In a decisive move to harness the power of artificial intelligence (AI) while simultaneously addressing its inherent risks, the UK government unveiled a new programme aimed at bolstering public confidence in AI technologies. Launched in collaboration with the Engineering and Physical Sciences Research Council (EPSRC) and Innovate UK, part of UK Research and Innovation (UKRI), […]
Numeric Raises $28 Million to Revolutionise Accounting Software
In a bold move set to disrupt the accounting software landscape, Numeric, an AI-driven accounting startup, has raised $28 million in its latest Series A funding round. Co-founded in 2020 by Parker Gilbert, Numeric has gained notable traction for its innovative approach to streamlining the month-end and quarter-end financial closing processes which have traditionally been […]
A Memo to Elliott Hill on His First Day at Nike
Elliott Hill steps into the role of CEO at Nike amid significant challenges and high expectations. Having spent over three decades with the company, culminating in his previous position as head of commercial and marketing operations, he returns at a time when the brand’s standing is precarious. Under his leadership, the path to revitalizing Nike […]
The BoF Podcast | How Zac Posen is Reenergising Gap Inc.
Zac Posen’s return to the fashion industry as the creative director of Gap Inc. marks a significant shift not only for Posen himself but for the brands he aims to rejuvenate. Having previously established a successful name in the fashion world, Posen’s journey hit a pause when he closed his eponymous label in 2019. However, […]
Stripe Strengthens Ties with Nvidia to Expand AI Reach
In an era where artificial intelligence is revolutionizing the business landscape, Stripe has taken a considerable step forward by deepening its collaboration with Nvidia, a leader in AI technology. This partnership is poised to expand Stripe’s AI capabilities significantly, particularly in enhancing fraud detection and payment solutions for global developers and enterprises. The integration of […]
AI Job Displacement: Malaysia's Strategy to Equip Workers for the Future
The rapid advancement of artificial intelligence (AI) and digital technologies presents a dual-edged sword for economies worldwide. While these innovations promise efficiency and growth, they also pose significant challenges for the workforce. Malaysia stands at a critical juncture, facing the potential displacement of up to 600,000 workers over the next five years. However, the government […]
Mexico Emerges as Top Target for Cybercrime in Latin America
Cybercrime continues to escalate across Latin America, with Mexico positioned at the forefront of this alarming trend. A report from cybersecurity firm Fortinet indicates that the country accounted for over 50% of all cyber threats in the region during the first half of 2024. With approximately 31 billion cybercrime attempts, Mexico’s strategic economic connections with […]