Klarna scores payment deal with Uber ahead of anticipated IPO 

The Swedish “buy now, pay later” pioneer said Tuesday that its new design would help users find the items they want by using more advanced AI recommendation algorithms, while merchants will be able to target customers more effectively. Rafael Henrique | SOPA Images | LightRocket via Getty Images Klarna on Wednesday announced a global partnership … Read more

Elon Musk is keeping investors’ dreams of a Tesla robotaxi alive

Tesla CEO Elon Musk is pictured during a visit at the company’s electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage.  Odd Andersen | AFP | Getty Images By just … Read more

Buy these ‘AI revolutionaries’ trading at a discount, Evercore ISI says

The artificial intelligence revolution is just getting started, and that means there are opportunities for investors to scoop up some names at a discount, according to Evercore ISI. Since OpenAI’s ChatGPT exploded onto the scene in late 2022, mentions of generative AI have risen dramatically across C-suite transcripts, senior managing director Julian Emanuel wrote in … Read more

Waymo self-driving cars are delivering Uber Eats orders for first time

Two Waymo autonomous vehicles drive themselves down Central Avenue in Phoenix, Arizona, U.S., March 18, 2024.  Caitlin O’hara | Reuters Uber Eats customers may start receiving orders delivered by a Waymo self-driving car for the first time in the Phoenix metropolitan area. The new service, which rolls out on Wednesday, marks the official launch of … Read more

A trucking strategy that boomed during pandemic shocks is hot again

Containers are loaded from freight trains onto trucks.  Picture Alliance | Picture Alliance | Getty Images A logistics strategy called transloading, used by trucking companies during the pandemic to ease the container backlog, is increasing in popularity again after U.S. West Coast ports have started to receive higher volumes of containers that are being diverted … Read more

Anthropic lining up a new slate of investors, ruled out Saudi Arabia

Jakub Porzycki | Nurphoto | Getty Images Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out … Read more

Sam Altman’s Reddit stake worth over $600 million after NYSE debut

Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024.  Timothy A. Clary | AFP | Getty Images OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His … Read more

Amazon and other retailers hit by refund fraud costing them billions

A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft.  They were met by a loss prevention employee, who directed … Read more

Strikes at East Coast, Gulf ports are rising as a supply chain risk

The potential for a strike by the largest union of maritime workers in North America, the International Longshoremen’s Association, is beginning to rise on the list of concerns among logistics decision-makers and advisors in a year already fraught with a multitude of trade uncertainties. Red Sea diversions and Panama Canal drought restrictions are already influencing … Read more