Author: Dailyusastory

Here’s what we don’t know about Prime Day 2024. Amazon says the event was global but famously provides no revenue details. We’re left with estimates by Adobe and others of U.S. purchases. Thus we don’t know the worldwide purchase volume or the impact on Amazon’s income since most of the purchases are presumably with third-party marketplace sellers from which Amazon earns a commission — $1 billion of purchases at a 20% commission would be $200 million of earnings to Amazon. Less clear, too, is the bottom-line effect of Prime Day discounts on third-party merchants who tell Practical Ecommerce that Amazon takes…

AI research is fueled by the pursuit of ever-greater sophistication, which includes training systems to think and behave like humans. The end goal? Who knows. The goal for now? To create autonomous, generalized AI agents capable of performing a wide range of tasks.  This concept is called artificial general intelligence (AGI) or superintelligence, which means the same thing. It’s challenging to pinpoint precisely what AGI entails because there’s virtually zero consensus on what ‘intelligence’ is, or indeed, when or how artificial systems might achieve it. Some even believe AI, in its current state, can never truly obtain general intelligence.  Professor…

Amazon By Emily Sullivan Jul 19 2024 Amazon’s 10th Prime Day ran on July 16th and 17th this year, solidifying its position as a major shopping event with ever-increasing popularity and scale. Despite expanding into a two-day event over the years, the retail holiday retained its distinct name – Prime Day. Consumers recognize Prime Day as a round-the-clock deals extravaganza, requiring them to regularly check Amazon throughout the event to snag limited-time discounts before they disappear. As in previous years, savings opportunities started early with a variety of Early Prime Day Deals available on July 15th, the day before the…

Scientists have developed an AI system capable of simulating hundreds of millions of years of protein evolution, creating a novel fluorescent protein unlike any found in nature. The research team, led by Alexander Rives at EvolutionaryScale, created a large language model (LLM) called ESM3 to process and generate information about protein sequences, structures, and functions.  By training on data from billions of natural proteins, ESM3 learned to predict how proteins might evolve and change over time. “ESM3 is an emergent simulator that has been learned from solving a token prediction task on data generated by evolution,” the researchers explain in…

Episode SummaryIn this episode of the 7 Figures and Beyond eCommerce Marketing Podcast, hosts Greg Shuey and Laurel Teuscher discuss strategies for preparing for Black Friday and Cyber Monday sales, emphasizing the importance of early planning. Laurel, VP at Stride, shares insights from her nine years of experience in digital marketing, particularly focusing on SEO and Google Ads. The discussion covers various critical aspects of preparation, including customer service, fulfillment processes, and marketing strategies.Video ReplayKey TakeawaysStart Early: Begin Black Friday/Cyber Monday planning in July to avoid last-minute rush and capitalize on all opportunities.Optimize Customer Service and Fulfillment: Prepare customer service…

Securing Your Magento eCommerce Checkout Page: Solutions to Be Secures from Carding AttacksTo safeguard your Magento payment page from carding attacks, consider implementing the following protection strategies:Use Magento’s CSRF ProtectionMagento 2.3.0 and later versions include built-in CSRF (Cross-Site Request Forgery) protection for critical controllers such as /paypal/transparent/requestSecureToken, which are often targeted in carding attacks. Enabling this protection helps mitigate risks associated with CSRF vulnerabilities, although additional security measures should also be considered to comprehensively address carding threats.Implement Rate LimitingRate limiting is another effective strategy to combat carding attacks. It works by setting a maximum threshold for the number of payment…

Securing Your Magento eCommerce Checkout Page: Solutions to Be Secures from Carding AttacksTo safeguard your Magento payment page from carding attacks, consider implementing the following protection strategies:Use Magento’s CSRF ProtectionMagento 2.3.0 and later versions include built-in CSRF (Cross-Site Request Forgery) protection for critical controllers such as /paypal/transparent/requestSecureToken, which are often targeted in carding attacks. Enabling this protection helps mitigate risks associated with CSRF vulnerabilities, although additional security measures should also be considered to comprehensively address carding threats.Implement Rate LimitingRate limiting is another effective strategy to combat carding attacks. It works by setting a maximum threshold for the number of payment…

The reality of post-pandemic ecommerce has been tough for many direct-to-consumer merchants. Take Molson Hart. His company, Viahart, makes innovative educational toys and sells them on Amazon, Walmart, and other marketplaces. The last two years have been challenging for Viahart. What worked before and during Covid doesn’t apply now, Hart says. Certainly that’s the case with Beardbrand, my company. Hart first appeared on the podcast in 2022. In this episode, we addressed the struggles of our businesses and how we persist for a better day. Our entire audio conversation is embedded below. The transcript is edited for clarity and length.…

Some of the most prominent names in Big Tech have come together to cofound the Coalition for Secure AI (CoSAI). A global standard for safe AI development practices doesn’t exist yet, with current AI safety measures fragmented and often kept in-house by the companies that create AI models. CoSAI is an open-source initiative hosted by the OASIS global standards body that aims to standardize and share best practices related to the safe development and deployment of AI. The who’s who of Big Tech companies supporting the initiative include Google, IBM, Intel, Microsoft, NVIDIA, and PayPal. Additional founding sponsors include Amazon,…

OpenAI has unveiled GPT-4o mini, a smaller and more cost-effective version of its powerful GPT-4o model.  GPT-4o mini is being touted as “the most cost-efficient small model in the market,” with pricing that dramatically undercuts competitors.  Developers will pay just $0.15 per million input tokens and $0.60 per million output tokens, compared to $5.00 and $15.00 for GPT-4o, respectively. Olivier Godement, OpenAI’s Head of Product, API, discussed the model’s potential with VentureBeat: “The cost per intelligence is so good, I expect it’s going to be used for all sorts of customer support, software engineering, creative writing, all kinds of tasks.”…