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We publish a weekly rundown of new products and services for ecommerce and omnichannel merchants. This installment includes updates on AI-powered customer service agents, post-purchase platforms, logistics, business research resources, payments, and financing for ecommerce businesses. Got an ecommerce product release? Email releases@practicalecommerce.com. New Tools for Merchants: July 25, 2024 Salesforce launches autonomous Einstein Service Agent for chatbot experiences. Salesforce has announced Einstein Service Agent, the company’s first fully autonomous AI agent. Unlike traditional chatbots, Einstein Service Agent uses generative AI to create conversational responses, grounding its responses in a company’s data and tailored to a company’s brand voice, tone,…
When a consumer “likes” a post you’ve published on social media, it could be an indication they’re interested in the fashion, accessories or other products you’re promoting. A positive comment could suggest affinity with your brand’s style. The ideal response to any social media post, however, is when the consumer clicks on a link or “buy” button that leads to an actual purchase. As social platforms make it increasingly easier to manage financial transactions directly through their services, retailers are realizing they can use them for far more than marketing activities. In fact, social commerce represents a huge opportunity to…
In a recent study published in Science Robotics, researchers at TU Delft have drawn inspiration from ants to develop an insect-inspired autonomous navigation strategy for tiny, lightweight robots. This innovative approach allows the robots to return home after long journeys, requiring minimal computation and memory – just 0.65 kilobytes per 100 meters. Scientists have long marveled at ants’ remarkable navigational skills, despite their relatively simple sensory and neural systems. Previous research, such as a study conducted at the Universities of Edinburgh and Sheffield, allowed the development of an artificial neural network that helps robots recognize and remember routes in complex…
Estimated read time: 15 minutes, 10 seconds Chargebee is a robust subscription management platformand if you’re looking for Chargebee alternatives, you’re likely already aware of many of its key features. However, there are certain aspects of collecting recurring payments that you would still be responsible for when using Chargebee, such as: Connecting to payment gateways manually. While Chargebee supports several different payment gateways, you have to set up and configure each one. Remitting taxes at the end of the year. They will collect taxes for you, but you are ultimately held responsible for filing taxes correctly with each state, province,…
Amazon By Mark Ballard Jul 24 2024 Prime Day 2024 was Amazon’s biggest Prime Day ever and advertisers were eager to bring in a slice of the record sales the event generated over July 16th and 17th. Here we will examine some of the key ad trends we saw across Tinuiti’s client base this Prime Day, including whether there were spillover effects on platforms like Google and Walmart. These findings are drawn from anonymized data from programs that together have over $4 billion in annual digital ad spending managed by Tinuiti. Amazon Ad Console Spending Growth Led by Sponsored Products…
Paid Media Updates By Tinuiti Innovation & Growth Team Jul 24 2024 Key Highlights: TV & Audio: Netflix and its competitors are leaning in on an ad-supported vision for streaming, looking for “stickier” viewers to court more ad dollars. Paid Social: Reddit announces new partnerships to bring official sports content to the platform and boost the growth of its sports communities. Display & Programmatic: Apple makes waves by partnering with Taboola to deliver native ads within the Apple News and Apple Stocks apps. Search: Consumer sentiment toward Google improves, and AI remains a main focus. Ad Economy: Google changes tact;…
Roughly one-third of U.S. chief information officers believe technology is the primary force behind their companies’ success and growth, according to EY’s “2024 CIO Sentiment Survey,” conducted in March 2024, which provides insights on how CIOs of leading organizations are addressing challenges in pursuing a growth agenda in the age of generative AI. The respondents were 500 U.S.-based CIOs from various industries, including consumer products and retail, healthcare, life sciences, advanced manufacturing and mobility, tech media, and telecom. According to the survey, when CIOs adopt a more ownership role in digital initiatives, they can lead to notable gains. – In…
Once upon a time, Cinderella was galavanting the pages of an online store and found themselves on the magic product page of a beautiful pair of So Kate pumps. Was this the slipper they had been waiting for? The one that would make their gala gown pop? They would never know! Why? Because this online store’s product description didn’t tell a captivating story, or highlight why these So Kates were the perfect dancing companion for their night out at the castle. No, this product description sucked. So Cinderella ran off into the sunset with another online retailer who knew how…
Meta has released its upgraded Llama 3.1 models in 8B, 70B, and 405B versions and committed to Mark Zuckerberg’s open source vision for the future of AI. The new additions to Meta’s Llama family of models come with an expanded context length of 128k and support across eight languages. Meta says its highly anticipated 405B model demonstrates “unmatched flexibility, control, and state-of-the-art capabilities that rival the best closed source models.” It also claims that Llama 3.1 405B is the “the world’s largest and most capable openly available foundation model.” With eye-watering computing costs being spent to train ever-larger models, there…
OpenAI has found itself at the center of a Senate inquiry following allegations of rushed safety testing. Five senators, led by Brian Schatz (D-Hawaii), demanded that the company provide detailed information about its safety practices and employee agreements. The inquiry comes in the wake of a Washington Post report suggesting that OpenAI may have compromised on safety protocols in its rush to release GPT-4 Omni, its latest AI model. Meanwhile, whistleblowers, including high-profile researchers from OpenAI’s dismantled “superalignment team,” have raised concerns about restrictive employee non-disclosure agreements (NDAs). Senators’ letter to OpenAI In a strongly worded letter to OpenAI CEO…
