Welcome to your newsletter featuring the most essential news curated in tech and innovation this week.

Facts and Stats

Snapchat's Q2 Performance Report Shows Growth in Users and Advertising Revenue. Snapchat recently published its performance report for Q2 2023; the results are promising, with good progress.

The Complete Digital 2023 July Global Statshot Report. The latest Digital 2023 July Global Statshot report published in partnership with We Are Social and Meltwater reveals a host of essential headlines and trends, as well as a few surprises.

Biggest Challenge US CMOs and Senior Executives Will Face With Their Marketing Program in 2023. 

The Art of Retention: Innovative Retail Technology for an Outstanding Shopping Experience. Retailers are using advanced technology like AI and augmented/virtual reality to create a unique and personalized customer experience, both in-store and online.

The Number

46 %

Of Marketers Struggle To Find The Best Email Marketing Tool Or Service Provider

Who’s Innovating

How Corporate Venturing Squads are Unlocking Innovation. Corporate venturing teams are crucial for innovation success. As a CIO, it's important to understand their role and promote a team-oriented approach to innovation.

Colruyt to Test Digital ‘wine assistant’ Concept in Stores. The company has announced that Belgian retailer Colruyt Group will test a digital ‘wine assistant’ in six branches in the coming weeks.

Saudi Leaders are Almost 3 Times More Likely to Innovate During a Recession: Dell Technologies. Dell Technologies Innovation Index, which polled 6,600 employees across more than 45 countries, also revealed that innovation followers and laggards are more likely to decelerate.

According to a Recent Report, UGC is Significantly More Effective Than Influencers. Influencers may not have as much impact on consumers and sales as previously thought by the marketing industry.

Startup Stories

Startup Funding Decreased Significantly in 2023, But AI and Climate Tech Continue to Thrive. KPMG has just released data revealing that Australian startup funding fell dramatically in the first half of 2023. But it’s not all bad news, with investment into climate tech and AI startups remaining hot.

Alarming Decline In Startup Creation Presents Challenges And Opportunities For Entrepreneurs. In recent years, a concerning trend has emerged in the entrepreneurial landscape: a steep decline in the formation of new startups.

M&A Involving US-based Startups Weakest Since 2013. If you think your startup will soon get a too good to be true offer to sell, you may be in for a reality check.

VC fund wants to embed culture into food innovation. Despite the increased focus on diversity in the private sector over the past years, inclusion in the investment and startup community still has a long way to go.

MENA Startup Ecosystem Sees Paradigm Shift: Valuations and Initial Funding Sizes Drop. Early-stage startup valuations in MENA are expected to drop from $15-$25 million to $7-$12 million, resulting in smaller initial funding sizes of $1-$3 million instead of $4-$5 million.

Best Practices

What Enterprise Leaders Need to Know About Generative AI: 8 Key Takeaways From VB Transform. Generative AI is widely seen as the most powerful technology force since the internet, and enterprise companies are eager to leverage it.

Leadership Needs a Redesign: Here’s How Product Principles Can Help. Leadership should be equal parts art and science. There’s the art of understanding your employees and customers—the empathy so often suggested to understand their motivations, needs, and best ways to encourage productivity.

7 Steps to Better Customer Experience (CX). The essence of CX cannot be overstated when it comes to achieving success, loyalty, and differentiation. It is imperative to enhance the process to gain a competitive edge continuously.

TikTok Shop Teams Up with Atome to Offer Buy Now, Pay Later Feature. TikTok Shop will include a buy now, pay later feature on its marketplace via a partnership with Atome, a Singapore-based digital consumer financing platform in Malaysia.

This Startup Wants to Create an AI-Generated CNN. Channel 1 News, from former 'Tosh.0' veteran Scott Zabielski and entrepreneur Adam Mosam, plans to use generative AI to create personalized newscasts.

Tech News

Amazon Now Supports Bitcoin

TikTok Will Launch its Own e-Commerce Business.

OpenAI's Sam Altman Launches Worldcoin Crypto Project

OpenAI Launches Custom Instructions for ChatGPT for Personalized AI Interaction

Events

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