How AI and automation will reshape grocery stores and fast-food chains

How AI and automation will reshape grocery stores and fast-food chains

AI isn’t just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend. Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such services as self-checkout kiosks and even AI ordering in drive-thru lanes. … Read more

Balloons to hoist tourists 100,000 feet into the stratosphere

Balloons to hoist tourists 100,000 feet into the stratosphere

Commercial space flight is becoming more and more common, with companies including SpaceX, Blue Origin and Virgin Galactic all transporting paid customers into space over the last several years. People interested in seeing the earth from an unusual vantage point may soon have another option. CNBC spoke to three startups — France-based Zephalto, Florida-based Space … Read more

Inceptive CEO Jakob Uszkoreit says AI will transform pharmaceuticals

Inceptive CEO Jakob Uszkoreit says AI will transform pharmaceuticals

Before co-founding biotech startup Inceptive, Jakob Uszkoreit had an idea that would eventually make generative artificial intelligence possible. As a researcher at Google in 2017, Uszkoreit was trying to speed up the training of neural networks. He suggested using a new way to interpret data called self-attention. That idea gave way to the transformer, the … Read more

Why Amazon, Tesla and Microsoft are investing in AI-powered robots

Why Amazon, Tesla and Microsoft are investing in AI-powered robots

AI-powered robots are popping up across Silicon Valley. If some industry experts are right, they could help solve a global labor shortage. Companies like Tesla, Amazon, Microsoft and Nvidia have plowed billions of dollars into what are known as “humanoid” robots. These machines typically stand on two legs, and are designed to perform tasks meant … Read more

Cohere CEO and ex-Google researcher Aidan Gomez on how AI makes money

Cohere CEO and ex-Google researcher Aidan Gomez on how AI makes money

Aidan Gomez was an intern at Google Brain in 2017, when he helped co-author the “Attention Is All You Need” paper that conceptualized the transformer and eventually kicked off the generative artificial intelligence boom. “There’s no one in the field who was around back then working who could have foreseen where we are in terms … Read more

36% of Americans plan to take on debt for summer travel

36% of Americans plan to take on debt for summer travel

Some people could find themselves wrangling with summer travel bills well after Labor Day. To that point, 36% of Americans said they plan to take on debt in order to travel this summer, according to a March survey from Bankrate. The payment methods for summer travel expenses ranged from personal loans (5%) and buy now, … Read more

How Walmart’s Sam’s Club is trying to take on Costco’s Kirkland

How Walmart’s Sam’s Club is trying to take on Costco’s Kirkland

Stuck at home during the Covid pandemic, Megan Crozier needed a way to keep her two young children entertained. She bought an inflatable pool from Sam’s Club. The pool began leaking air after just a few uses. For Crozier, chief merchant of the Walmart-owned membership club, that trashed pool — and the disappointment that came … Read more

Illia Polosukhin of Google Transformer 8 and Near on democratizing AI

Illia Polosukhin of Google Transformer 8 and Near on democratizing AI

Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible. Now, Polosukhin is considered one of the founding fathers of modern AI. Polosukhin co-wrote the now famous … Read more

Here’s why car payments are so high right now

Here’s why car payments are so high right now

Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still remain high for quite some time. As of May, customers were paying, on average, $760 a month for an auto loan, according to Moody’s Analytics. … Read more

Five Below has had a rough year so far. Here’s why

Five Below has had a rough year so far. Here’s why

Since going public in 2012, discount retailer Five Below has grown its nationwide store count from less than 250 locations to more than 1,600.  “It’s been one of the success stories of U.S. retail over the past five or so years,” said Neil Saunders, managing director of GlobalData Retail. Five Below’s net sales surpassed $3.5 … Read more