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Tim Spencer realized how complex manufacturing sourcing can be while running his e-commerce startup Markai in Asia during the pandemic. “We had thousands of suppliers and distributed products to dozens of countries around the world,” Spencer (pictured left) told TechCrunch. His staff was overwhelmed by the manual complexity of sourcing suppliers, negotiating prices, tracking orders, and managing payments. “I realized that I was leading this big team that was not set up for success,” he said. He sold Marukai in 2023, just as it was becoming clear that generative AI could streamline some of the most time-consuming procurement hurdles for…
Check out the companies making the biggest moves in midday trading. Crocs — The clog maker’s stock soared 21% after Crocs announced an upside outlook for the current quarter. The company expects adjusted earnings to be in the range of $2.67 to $2.77 per share, above the FactSet consensus call of $2.52 per share. The company’s full-year profit outlook also exceeded Wall Street expectations. Restaurant Brands — Shares fell 6% even though the Burger King parent company won on top and bottom lines. Restaurant Brands suffered from rising costs for beef and other products, and profits fell despite increased sales.…
A Ring security camera is displayed on a shelf at a Target store in Novato, California, on June 1, 2023. Justin Sullivan | Getty ImagesRing is ending its partnership with police technology provider Flock Safety. AmazonThe company that owns it made the announcement Thursday.Flock and Ring’s partnership gained attention after the Amazon doorbell company ran an ad during the Super Bowl promoting its “Search Party” feature, which uses AI to help find lost pets. The Electronic Frontier Foundation called this feature a “surveillance nightmare.” Flock, on the other hand, operates a network of automated license plate readers and sells access…
The Department of Homeland Security is on pace to shut down starting this weekend after Senate Democrats and the White House failed to reach an agreement on immigration enforcement regulations on Thursday.The bill, which would fund DHS through the end of the fiscal year on Sept. 30, has already been approved by the House, but failed to clear procedural hurdles in the Senate on Thursday and is expected to run out of time to avoid a shutdown.Immediately after the vote, Sen. Chris Murphy, D-Connecticut, also opposed immediate consideration of a second two-week stopgap funding for DHS while negotiations continue.In response…
A U.S. judge has granted an injunction to prevent the Pentagon from stripping veteran U.S. Sen. Mark Kelly of his retirement benefits and military rank.The Pentagon had taken punitive action against Kelly over critical comments he made about President Donald Trump.Recommended stories list of 3 itemsend of listBut on Thursday, Judge Richard J. Leon, an appointee of Republican President George W. Bush, issued a strong rebuke, accusing the Trump administration of trying to suppress veterans’ free speech rights.Leon focused much of his ruling on Trump’s top official, Secretary of Defense Pete Hegseth, who announced on January 5 that Kelly would…
“If the idea of a mass driver on the moon appeals to you, join xAI,” CEO Elon Musk declared yesterday, following a restructuring that saw a flurry of former executives leave the AI Institute. This is an interesting hiring strategy after the company merges with Musk’s rocket maker SpaceX and the combined company goes through an expected IPO. You might think that xAI employees would be interested in disrupting traditional software companies using deep learning models, or simply using bad wordplay like “macrohard” to achieve AGI. But instead, Elon goes to the moon. After outlining plans to build an AI…
Real estate stocks have become the latest victim of the artificial intelligence threat. Commercial real estate brokers are selling for the second day in a row. CBRE closed nearly 9% lower on Thursday after falling more than 12% in early trading. Jones Lang LaSalle fell 7.6% and Hudson Pacific Properties fell nearly 4%. Additionally, Newmark and BXP both fell more than 4%, and SL Green Realty fell about 5%. “We believe investors are moving away from high-fee, labor-intensive business models that are seen as potentially vulnerable to disruption by AI,” Jade Rahmani, an analyst at Keefe, Bruyette & Woods, said…
The landmark Taipei 101 building and city skyline seen from the Elephant Mountain Observation Deck in Taipei City on April 14, 2025. (Photo: I-Hwa Cheng/AFP) (Photo: I-Hwa CHENG/AFP via Getty Images) Chen Yihua | AFP | Getty ImagesTrump administration officials signed a final reciprocal trade agreement, affirming a 15% U.S. tariff on Taiwanese imports while committing to a timeline for eliminating or lowering tariffs on nearly all U.S. products.The document released Thursday by the Office of the U.S. Trade Representative also commits Taiwan to significantly increase its purchases of U.S. products from 2025 to 2029, including $44.4 billion in liquefied…
U.S. Attorney General Pam Bondi appeared before the House Judiciary Committee on Wednesday, delivering the tense and most combative testimony yet from a Trump administration official.Bondi’s hearing comes as the administration and the Justice Department face a series of issues, including the handling of the Jeffrey Epstein case file, the newly reported failure to indict six Democratic members of Congress, and the killing of two protesters by federal agents in Minneapolis.During her testimony, Bondi spoke directly to Epstein survivors sitting behind her, saying she “deeply regrets” the abuse they suffered at the hands of “that monster.”The Justice Department has come…
Glasgow prop Nathan McBeth is set to make his first Guinness 6 Nations start after head coach Gregor Townsend made four changes to his pack ahead of Saturday’s Calcutta Cup showdown with England at Murrayfield.Hooker Euan Ashman, loosehead Pierre Schoeman, second-rower Grant Gilchrist and back-rower Matt Fagerson were all dropped from the side that suffered a disastrous 18-15 defeat to Italy last weekend. The experienced quartet were replaced in the XV by George Turner, Macbeth, Gregor Brown and Jamie Ritchie. Townsend continues to rely on the same backline he had at Rome, meaning there is no place in the XV…