CNBC

Walmart Invests in U.S. Manufacturing to Strengthen Flexible and Dynamic Supply Chain

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Walmart Invests in U.S. Manufacturing

Walmart has unveiled plans to significantly boost its investment in U.S. manufacturing to further enhance the flexibility and dynamism of its supply chain. At the CNBC’s Invest in America Forum on October 15, Walmart U.S. CEO John Furner highlighted the company’s efforts to create jobs and fortify its domestic manufacturing operations, which are crucial for … Read more

Alibaba Says Its AI Investments in Retail Have Broken Even — A Milestone for Profitability in Artificial Intelligence

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Alibaba Says Its AI Investments in Retail

Alibaba Group has reached a critical milestone in its artificial intelligence (AI) journey. The Chinese tech giant said its AI investments in Taobao and Tmall, its flagship eCommerce platforms, have officially broken even, proving that large-scale AI spending can yield measurable financial returns. In a statement cited by CNBC, Alibaba executives revealed that AI has … Read more