A new AI lab called Prentis is reportedly in talks to raise $100 million, and its founders think the next big wave of artificial intelligence will not be about writing code. Instead, the startup, co-founded by Reid Hoffman and Mark Pincus, is wagering that AI task automation, handling the repetitive computer work that fills most […]
Just weeks after hopes rose for calmer waters in the Middle East, renewed fighting in July has thrown plastic supply chains back into turmoil. A brief ceasefire in June had raised expectations that the Strait of Hormuz would reopen fully and that virgin material flows would stabilize. Instead, the conflict flared again, and the industry […]
Michaels has rolled out an AI shopping assistant called Ask Mike, designed to help shoppers move past basic keyword searches and toward recommendations tailored to what they actually want. Instead of typing rigid search terms and sorting through filters, customers can describe a project or a need in plain language and get suggestions back. It […]
The generative media space just got a new layer of infrastructure. Runway has introduced an AI model router, a tool that automatically picks the best image, video, or audio generation model for a given task depending on whether the priority is quality, speed, or cost. For small business owners trying to keep up with an […]
Conagra Brands is putting real money behind the idea that supply chain resilience is no longer optional for large manufacturers. The company plans to invest $125 million with the goal of keeping service levels high while trimming excess inventory and rethinking which products it prioritizes. For an industry that has spent years wrestling with unpredictable […]
While much of the retail conversation over the past few years has centered on ecommerce and online marketplaces, one discount retailer is doubling down on a different strategy. Ross Stores is pushing forward with an aggressive brick-and-mortar expansion, adding nearly 50 new locations as part of a broader plan to open around 110 stores this […]
The pace of the current AI funding boom keeps producing headlines that would have seemed absurd a few years ago, but Corgi’s latest raise still manages to stand out. The insurance startup reportedly closed its third funding round in roughly eight weeks, pushing its valuation to $4 billion. For an industry as traditionally slow moving […]
Taiwan Semiconductor Manufacturing Company has announced another major commitment to the United States, pledging roughly $100 billion toward four new advanced chip facilities. This move brings the company’s total US footprint to twelve plants and marks one of the largest single investments in the semiconductor supply chain to date. For operators across manufacturing, freight, and […]
Tractor Supply just posted a rough second quarter, and the numbers tell a story that goes well beyond one retailer’s bad season. Softer pet product sales, customers squeezed by high fuel costs, and growing marketplace competition from Amazon combined to push the company into lowering its full year outlook. For small business owners watching the […]
ServiceNow has put $40 million behind BusinessNext, an Indian banking software specialist, valuing the company at $700 million. The deal gives BusinessNext a heavyweight strategic partner as it pushes to scale its AI-powered banking software beyond its home market. For anyone tracking where enterprise SaaS money is flowing, this is a clear signal that financial […]
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