(Reuters) – Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly 4% year-over-year, according to a report by Salesforce. Retailers turned to nifty conversational customer services – or chatbots – among others such as targeted promotions, product recommendations and loyalty programs, […]
Chip firms surge on hopes of strong AI-led demand
By Medha Singh and Purvi Agarwal (Reuters) -Shares of chipmakers jumped on Monday as Microsoft’s plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong. Micron was the biggest gainer among semiconductor stocks with a 10.6% rise, while chip-making equipment companies like Applied Materials, Lam […]
Deere boosts bet on autonomous tractors with new machines
(Reuters) – Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday. The world’s largest farm equipment maker is making strides towards automating manual work amid […]
Gemini agrees to $5 million fine, injunction over CFTC charges, filing shows
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in connection with its bitcoin futures contract in 2017, a court filing showed on Monday. Gemini also agreed to a permanent injunction, according to the consent […]