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American 'woke' companies blamed for fueling China's rise, Paypal co-founder says

FOX News

Former Secretary of State Mike Pompeo, PayPal co-founder Peter Thiel and former National Security advisor Robert C. O'Brien weigh in on facing the Chinese Communist Party Paypal co-founder and Facebook board member Peter Thiel spared no punches in who he cites for helping China's rapid economic and military expansion. He says that U.S. technology companies bear some of the blame for helping fuel Beijing's global achievements. "There's something about the woke politics inside these companies, the way they think of themselves as not really American companies. And it's somehow very, very difficult for them to have a sharp anti-China edge whatsoever," he says. Theil named Facebook, Google, Amazon, Microsoft and Apple in his assessment that American corporate culture has turned a blind eye to the communist country's human rights abuses, trade infractions and threat at the expense of the U.S. "If China is able to just catch up, there is a way in which it will become a more powerful country," warned Thiel.

Council Post: AI In B2B E-Commerce: The Challenges And Alternatives


Prior, he was the CTO and Co-Founder of Magento. Interest in artificial intelligence (AI) is growing, and the technology is rapidly improving. According to Statista, the fast-growing global AI software market is expected to reach $126 billion by 2025. AI is fueling search engines, virtual assistants and e-commerce product recommendations. For B2B e-commerce businesses, AI can be a tool for greater personalization, improved decision-making ability and gaining a competitive advantage.

Keeping Pace With Payment, Ordering Trends


Consumers' choices of which restaurants to patronize are based not only on their food cravings but on whether they can meet the diners' desires for safety and convenience. The pandemic has led many customers to replace indoor dining experiences with takeout and delivery purchases instead, and many have been turning to digital tools like websites, mobile apps and scannable QR codes posted in restaurants' windows to help them easily place these orders. Eateries are looking to cater to this shifting consumer demand and to spare their staff from close customer contact that could increase employees' risk of catching the virus. These two motivations are driving restaurants to adopt various technologies to facilitate swift, remote customer interactions. Millennial and Generation Z diners appear particularly swayed by such tools, with 61 percent saying that the ability to pay digitally is a key factor in influencing their restaurant choice.

This Robot Could Help Fulfill Your Online Shopping Sprees


Imagine for a moment that you have suction cups for fingertips--unless you're currently on hallucinogens, in which case you should not imagine that. Each sucker is a different size and flexibility, making one fingertip ideal for sticking onto a flat surface like cardboard, another more suited to a round thing like a ball, another better for something more irregular, like a flower pot. On its own, each digit may be limited in which things it can handle. But together, they can work as a team to manipulate a range of objects. This is the idea behind Ambi Robotics, a lab-grown startup that is today emerging from stealth mode with sorting robots and an operating system for running such manipulative machines.

RPA Use Cases in Retail and E-commerce Industry


The retail sector has witnessed a huge change since the turn of the century. What once was considered a hit is no more in vogue or even makes sense. The way people shop has seen a swift shift and organizations that really want to stay at the top of their game better shift as swiftly. There are multiple factors which are influencing this wave of change. To help businesses stay afloat and thrive, we bring to you this blog on RPA use cases in retail and E-commerce industry, which will help you understand why your business needs the expert assistance of RPA or robotic process automation today.

How did Machine Learning save cost for eCommerce companies


The company was facing a high chance of Failed Delivery Rate -- where Buyers (those who bought stuff on the eCommerce platform such as Shopee, Lazada, Amazon, eBay, etc.) would decline their parcels at the very last minute. It wasted a huge amount of money and the Management Board wanted to reduce that rate. Two years ago, it was the first time I took the new role and started leading the Data Team. One day, there was an important meeting, and I was the only data-guy in a room full of C-level. People were in one of those follow-up meetings, discussing the total failed delivery (FD) cases, its increment, the potential root cause of each case, the major reasons, its trending and many more while I was the only one who knew nothing.



It wasn't so long ago that CEO's and large banks were convinced that bank locations would always be necessary to service their customers. However the last ten years we have seen an emergence of Digital Banks, that have never and will probably never own a physical location, but still manage to grow their user base and add additional services including insurance, mortgages and loans. In the Payments industry we have seen companies like Chase and First Data dominate for well over forty years. However just like the digitization of banking has forced incumbents to change their strategies, the digitization of payments has provided companies like WorldPay, Vantiv and lately even Stripe, PayPal/Braintree and Adyen to take up much of the market share, not by focusing on traditional businesses, but by focusing on startups who have grown to overshadow and sometimes even bankrupt traditional businesses. Think of Blockbuster versus Netflix, Taxi's versus Uber or Traditional Stores versus Amazon.

Artificial Intelligence has come of age: Deloitte-CII report


Get one mail covering top tech news of the day in under 5 minutes! NFC vs. UPI: Why do payments companies want you to tap and pay? An all-out war has broken out between China's social-media titan Tencent and challenger ByteDance

AI in the E-Commerce Industry


As it has in many other Industries, artificial intelligence has become a core component of e-commerce. Going forward, it's believed that AI and natural language understanding technologies in particular will find many new applications in the industry. E-commerce is a fast-growing industry. In 2017, global retail e-commerce sales reached US$2.3 trillion, and e-retail revenue is expected to grow to US$4.88 trillion in 2021. The world's continuous digitalization and informationization gives e-commerce a lot of room for development.



Recent study by Dr Kristina Irion joins up three EU policy areas that intersect in the digital age: consumer protection, EU governance of AI and EU external trade. "They are becoming so intertwined', says Dr. Irion. 'My research is breaking up the silos and drawing insights from their interactions.' According to the research, the source code clause within trade law restricts the EU's right to regulate AI policy. Dr Irion's study concludes that the EU position on source code in international trade agreements limits the EU's ability to regulate AI in the interests of consumers.