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Why does Amazon have no Western rivals?

BBC News

Why does Amazon have no Western rivals? Vitamins, repair tape and a jar of mango chutney - just some of what my household bought last month via Amazon's sprawling online shopping platform. We also shopped at the company's supermarket chain Whole Foods, streamed its TV shows, read books on Kindle e-readers, and browsed countless websites no doubt powered by Amazon Web Services (AWS), its highly profitable cloud-computing business. And that isn't half of the interconnected products and services offered by the global behemoth, which earlier this year overtook US superstore giant Walmart to become the world's largest company by annual sales. But why does Amazon, launched by Jeff Bezos in 1995 as an online bookstore out of a rented garage, have so few serious rivals in the West when it comes to e-commerce?


How Florida retiree lost 200K in fake PayPal refund scam

FOX News

This material may not be published, broadcast, rewritten, or redistributed. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset . Powered and implemented by FactSet Digital Solutions . Mutual Fund and ETF data provided by LSEG . Toyota's CUE7 robot shoots hoops using AI You don't need an SSN to open a credit card: Scammers know that Mexico's climate supercomputer could change forecasting Michael Easter and Gary Brecka discuss the'choice' to live to be 100 'CyberGuy' warns of creepy privacy clauses in smart devices Brian Oliver of Gainesville, Florida, spoke with Kurt CyberGuy Knutsson about losing money to scammers claiming to be with PayPal. NEW You can now listen to Fox News articles! Brian Oliver is retired, sharp and financially savvy enough to have a stock-and-bond portfolio worth hundreds of thousands of dollars. He is not the type of person you picture getting scammed.


Data Poisoning Attacks on Factorization-Based Collaborative Filtering

Neural Information Processing Systems

Recommendation and collaborative filtering systems are important in modern information and e-commerce applications. As these systems are becoming increasingly popular in the industry, their outputs could affect business decision making, introducing incentives for an adversarial party to compromise the availability or integrity of such systems. We introduce a data poisoning attack on collaborative filtering systems. We demonstrate how a powerful attacker with full knowledge of the learner can generate malicious data so as to maximize his/her malicious objectives, while at the same time mimicking normal user behavior to avoid being detected. While the complete knowledge assumption seems extreme, it enables a robust assessment of the vulnerability of collaborative filtering schemes to highly motivated attacks.


Designing smoothing functions for improved worst-case competitive ratio in online optimization

Neural Information Processing Systems

Online optimization covers problems such as online resource allocation, online bipartite matching, adwords (a central problem in e-commerce and advertising), and adwords with separable concave returns. We analyze the worst case competitive ratio of two primal-dual algorithms for a class of online convex (conic) optimization problems that contains the previous examples as special cases defined on the positive orthant.


Why Walmart and OpenAI Are Shaking Up Their Agentic Shopping Deal

WIRED

After OpenAI's Instant Checkout feature fell short, Walmart is instead embedding its Sparky chatbot directly into ChatGPT and Google Gemini. Since November, Walmart has let some ChatGPT users order a limited selection of products without ever leaving OpenAI's chatbot interface. Sales have been disappointing, a Walmart executive vice president exclusively tells WIRED. The results suggest that a future where chatbots and AI agents take over ecommerce is still a way off, if it ever materializes. Last year, OpenAI made a bet that it could boost revenue by charging a commission on purchases made through ChatGPT.


AI scams drove UK reports of fraud to record 444,000 last year

The Guardian

Most of the account takeover scams reported last year were for mobiles, online shopping and credit cards, Cifas said. Most of the account takeover scams reported last year were for mobiles, online shopping and credit cards, Cifas said. Criminals are increasingly exploiting AI technology to take over people's mobile, banking and online shopping accounts, the UK's leading anti-fraud body has warned. Last year, a record number of scams were reported to the national fraud database, fuelled by AI, which allows for large-scale deception on "industrialised" levels, according to Cifas, the fraud prevention organisation. Its report showed 444,000 cases of fraud were reported by its members last year - a 6% increase on 2024.





ECSEL: Explainable Classification via Signomial Equation Learning

arXiv.org Machine Learning

We introduce ECSEL, an explainable classification method that learns formal expressions in the form of signomial equations, motivated by the observation that many symbolic regression benchmarks admit compact signomial structure. ECSEL directly constructs a structural, closed-form expression that serves as both a classifier and an explanation. On standard symbolic regression benchmarks, our method recovers a larger fraction of target equations than competing state-of-the-art approaches while requiring substantially less computation. Leveraging this efficiency, ECSEL achieves classification accuracy competitive with established machine learning models without sacrificing interpretability. Further, we show that ECSEL satisfies some desirable properties regarding global feature behavior, decision-boundary analysis, and local feature attributions. Experiments on benchmark datasets and two real-world case studies i.e., e-commerce and fraud detection, demonstrate that the learned equations expose dataset biases, support counterfactual reasoning, and yield actionable insights.