Welcome to your newsletter featuring the most important insights curated in tech and innovation.

Facts and Stats

The Generational Gap in Generative AI Leaves Older Staff Behind. Workers are using generative AI to better cope with the repetitive strain of administrative work, according to a new report.

Online Consumers Shy Away From Sponsored Product Listings, Study Finds. Sometimes it doesn't pay to advertise. Such are the findings of a study led by a UC Riverside business professor that examined the value of participating in the "sponsored" product advertising spaces offered by major online shopping platforms such as Amazon.com and eBay.

The 2023 Consumer Spending Report. Based on responses from 3K+ US consumers, a new survey from Klaviyo and Qualtrics finds that while inflation is impacting current spending habits for 91% of consumers and future spending plans for 69%, Gen Zs and millennials are more likely to feel optimistic about the economy.

Cyborg Vs. Centaur, Researchers Define Two Types of Workers Who Benefit From AI. You might be sceptical or scared of artificial intelligence (AI), but the reality is: it’s here, and it isn’t going away, no matter how much some people would want it to.

Letting People Work From Home Is Good for Companies’ Revenue Growth. Companies that allow remote work have experienced revenue growth that’s four times faster than those that are more stringent about office attendance, a new survey shows.

The Number

$9.8 billion

Represents the total value of Online Black Friday sales for this year, as outlined in Adobe's data.

Who’s Innovating?

HSBC Innovation Banking: 100 Days to Launch a Global Brand. HSBC Innovation Banking was launched at London Tech Week in June following HSBC’s acquisition of Silicon Valley Bank UK in March.

Eye On AI: Bain Capital Ventures Launches BCV Labs. As AI deals soar in cost and startups multiply, Bain Capital Ventures aims to address this challenge with BCV Labs, its new AI incubator program launched quietly in the summer.

Mastercard Unveils AI Personal Shopping Assistant. Mastercard’s personalization platform Dynamic Yield has announced the launch of an advanced generative AI shopping tool for consumers.

Amazon Unveils Q, an AI-Powered Chatbot for Businesses at AWS re: Invent. Announced at Amazon's AWS re: Invent conference in Las Vegas today, Q, priced from $20 per user annually and currently available in public preview, is capable of addressing queries such as "How can I construct a web application using AWS?"

4 Problem-Solving Tips From the World's 'Scrappiest Organizations'. In "The Four Workarounds," Paulo Savaget explores how the most resourceful organizations tackle pressing issues by innovatively leveraging available resources.

Meta and IBM Launch AI Alliance. AI advancements are leading to new opportunities that can improve how we work, live, learn, and interact with one another.

Startup Stories

40 Key Startup Statistics 2023 [Success & Failure Rates]. Millions of startups emerge yearly, but many cannot survive the challenging business environment. Some businesses fail due to several factors, each striving for success in an already overwhelmingly competitive market.

Tech Startups With Diverse Founding Teams Are More Likely to Seek IPO or Acquisition. Academic literature extensively showcases the significance of immigrant entrepreneurs and diverse management teams. Their diverse composition enables a broad spectrum of viewpoints during decision-making processes.

Most Australian Managers Believe Stress and Fear Are Good Motivating Tools, But Here’s Why it’s The Fastest Way to Kill Your Startup. The last decade in corporate Australia has seen a much greater acknowledgment of toxic workplace practices and their impact.

Best practices

How AI-Generated Customers Can Help Brands Learn More About Real Consumers. AI-generated customers can serve as invaluable tools for brands aiming to deepen their understanding of real consumers. By creating simulated personas that emulate real-world behaviors, preferences, and demographics.

How Sustainability And Affordability Can Go Hand-In-Hand: The Case Of Ikea. Ikea, along with Ingka Group, has a clear objective: go from a linear to a circular business, both from a design and development as well as a services perspective.

How AWS clients HP and BMW are Implementing AI in Their Products Today. Yahoo Finance spoke to tech company HP (HPQ) and carmaker BMW at the AWS re:Invent conference about how that practicality plays out in their businesses today. Both are Amazon (AMZN) Web Services customers, yet their AI efforts look distinctly different.

How Foot Locker Engages Basketball Fans. Foot Locker will engage fans throughout the season across the NBA’s media platforms and through the brand’s FLX loyalty program. Planned media exposure includes the league’s social channels and on-court digital signage during national broadcasts.  

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