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Sabtu, 01 September 2018

Bernie Sanders' new tax bill will target Amazon and Walmart

This week's highlights: UBS has called time on its robo-advisor platform , Walmart is offering home services online , Google just launched a text-to-speech feature for its emerging markets search app, and much more
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A new tax bill will target Amazon and Walmart

Senator Bernie Sanders intends to introduce legislation that would require large companies like Amazon to pay a tax to cover the cost of federal assistance for their employees.

The intention is to incentivize large corporations to pay a fair living wage.

The bill would set a 100% tax on government assistance received by workers at companies with 500 or more employees. For example, if an Amazon worker were to get $300 in food stamps, Amazon would be taxed $300.

Sanders intends to introduce the bill in the Senate on September 5.

Business Insider Intelligence's Gregory Magana has the full story.
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BRIEFING HIGHLIGHTS

UBS has called time on its robo-advisor platform

UBS has discontinued its SmartWealth pilot program, according to an internal memo seen by Reuters and confirmed by the bank. Read More →

Walmart is offering home services online

Walmart is expanding its partnership with on-demand home services company Handy to offer professional support for indoor projects on Walmart.com. Read More →

Google just launched a text-to-speech feature for its emerging markets search app

The feature leverages AI to read aloud the most relevant parts of articles in up to 28 different languages. Read More →

Cybersecurity startup Xage is offering a blockchain solution

California-based cybersecurity startup Xage has announced a new tool, dubbed Xage Policy Manager, to help utilities and critical infrastructure providers secure their assets and systems using blockchain. Read More →

Amazon ups Prime's value again

Amazon's new Prime Book Box service delivers curated boxes of children's books geared to specific ages every one, two, or three months depending on the customer's selection. Read More →

Silicon Valley held a secret summit about misinformation

Facebook's Head of Cybersecurity Policy invited 12 tech companies — including Google, Microsoft, Snapchat, and Twitter — to meet in order to discuss how to address misinformation ahead of the 2018 US midterm elections. Read More →

Best Buy's online growth on yearlong slide

Best Buy has announced results for its fiscal Q2 2019 (ended August 4, 2018), revealing that it brought in $9.4 billion in revenue, a 4.9% increase year-over-year (YoY). Read More →

Ikea is adding to its smart home lineup

Swedish furniture and home goods retailer Ikea will add a new line of smart plugs that allow users to control a power outlet remotely. Read More →

eBay is planning to hit 500 million active users

eBay CEO Devin Wenig is aiming to bring the e-commerce marketplace up to 500 million active users, which would represent a 285% increase on the 175 million users the company has now. Read More →

Google Tez will expand and rebrand

Google is rebranding and adding new features to Google Tez, its proprietary mobile payments platform designed for the Indian market. Read More →
 
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RESEARCH IN FOCUS

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Voice in Retail

Voice assistants, including Amazon's Alexa, Google's Assistant, Apple's Siri, and Microsoft's Cortana, are pegged to trigger widespread transformation across the retail industry in the years to come. In this report, Business Insider Intelligence examines the trends driving the adoption of voice commerce, details the role of voice throughout the customer shopping journey, outlines how brands can benefit from implementing voice in their strategies, and explores what's ahead for the tech in retail. Learn More →

AI in Banking and Payments

This report cuts through the hype to offer an overview of different types of AI, and where they have potential applications within banking and payments. It also emphasizes which applications are most mature, provides recommendations of how FIs should approach using the technology, and offers examples of where FIs and payments firms are already leveraging AI. The report draws on executive interviews Business Insider Intelligence conducted with leading financial services providers, such as Bank of America, Capital One, and Mastercard, as well as top AI vendors like Feedzai, Expert System, and Kasisto. Learn More →
 
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CHARTS OF THE WEEK

Consumers say these features will convince them to pick one e-tailer over another

Consumers say these features will convince them to pick one e-tailer over another

Visual displays will help voice reach its retail potential

Visual displays will help voice reach its retail potential

Virtual assistants could help health organizations tap into the senior market

Virtual assistants could help health organizations tap into the senior market
 
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