Instacart CEO Fidji Simo is joining OpenAI as CEO of Applications, the ChatGPT maker said on Thursday. Simo, already a board member at OpenAI, will transition out of Instacart over the next few months and join the AI company full-time later this year. OpenAI CEO Sam Altman said he would continue in his role, overseeing […]
Instacart CEO Fidji Simo is joining OpenAI Read More »
DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.29 billion), as the U.S. food delivery company seeks to expand into new markets. DoorDash will pay Deliveroo shareholders 180 pence per share, which represents a premium of 44% over the latter’s share price on 4 April,
DoorDash to buy UK’s Deliveroo for $3.86B Read More »
Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein
Temu stops shipping products from China to the U.S. Read More »
Like virtually every sector in the business world, the secondhand industry is grappling with the ramifications of President Donald Trump’s tariffs. However, based on the comments made by eBay and Etsy earlier this week, both don’t appear to be overly concerned. The companies recently reported Q1 2025 earnings results, both addressing the pressing topic of
eBay and Etsy are relatively confident despite tariff pressures Read More »
Apple CEO Tim Cook offered the company’s first comments on the impact of President Trump’s tariffs during Thursday’s second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter, Cook said Apple couldn’t forecast what that would mean for the coming quarter. However, if things remained the
Apple CEO Tim Cook says tariffs to add $900M in costs in Q3, but future uncertain Read More »
Grocery-delivery giant Instacart announced Thursday the acquisition of Wynshop, a provider of cloud-based e-commerce solutions for grocers. The deal will help Instacart improve its enterprise solutions, enabling retailers to enhance their online experiences. The company didn’t disclose deal terms. Wynshop launched its platform in 2020 and provides online storefronts for grocers, working with clients such
Instacart acquires Wynshop to provide tools for grocers and retailers Read More »
Amazon is bringing back its annual sales event, Prime Day, in July, the e-commerce giant said on Tuesday. This year, consumer demand for the popular sale event could be dampened by the possibility of tariffs increasing the cost of goods. To highlight the impact of President Trump’s tariffs, Amazon will reportedly begin to display the
Amazon Prime Day to return in July despite threat of tariffs Read More »
OpenAI is updating ChatGPT search, its web search tool in ChatGPT, to give users an improved online shopping experience, the company announced Monday. When ChatGPT users search for products, the chatbot will now offer a few recommendations, present images and reviews for those items, and include direct links to webpages where users can buy the
OpenAI upgrades ChatGPT search with shopping features Read More »
When Deepankar Rustagi last raised money for OmniRetail in 2022, excitement was high for African startups addressing the supply chain and operational challenges in the fast-moving consumer goods (FMCG) sector. At one point, these startups received more capital than all sectors, except fintech. Recently, though, the industry’s enthusiasm and venture capital’s interest have faded, as
OmniRetail shakes up Africa’s B2B e-commerce market with $20M Series A Read More »
Julie Wainwright has taken two companies public, a pretty incredible feat by any standard. Yet in her new memoir, Time to Get Real, she offers readers something even more valuable: a blunt look at the messy realities of entrepreneurship. Wainwright shares the kinds of tough truths that many high-achieving CEOs can relate to but rarely
The RealReal founder Julie Wainwright has a startling new memoir Read More »
