4 Fastest Growing Blue Chip Stocks

Blue chip stocks can be an ideal addition to your portfolio if you are risk-averse. These companies enjoy a favorable reputation and historic stability in the markets. Based on the latest activity, these 4 blue chip stocks have been gaining fast.

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

HALELUYA HADERO
April 17, 2024

NEW YORK (AP) -- Amazon wants the public and - especially other businesses - to know it's not giving up on its Just Walk Out technology.

Although the company is ditching the cashier-less checkout system at its Amazon Fresh grocery stores, it plans to sell the technology to more than 120 third-party businesses by the end of the year. Reaching that goal would double the number of non-Amazon enterprises that use Just Walk Out compared to last year.

"For us, really making sure that we can service that third-party market is the most important thing," Jon Jenkins, the vice president of Just Walk Out at Amazon, said in an interview. "We've definitely been reassuring people that we are in this for the long haul."

Just Walk Out uses cameras, artificial intelligence and sensor trackers to determine what's taken off of shelves, enabling customers to grab what they want and leave if they insert a credit card or another payment method at a store's entry gate.

The retailer first began offering the technology to other businesses - such as sports stadiums - in 2020, two years after it started using it at Amazon Go convenience stores. Those stores and some Amazon Fresh stores in the U.K. will continue to offer Just Walk Out. But the technology will be replaced with smart carts at Fresh stores in the U.S., Amazon announced this month.

Smart carts, which are already available in some Amazon Fresh locations, use sensors to identify items placed inside and have screens that allow customers to see nearby deals as well as how much their groceries will cost. Customers can skip the checkout line by scanning and tallying up items on its cameras.

The change comes as Amazon is working to revamp its Fresh stores with a mix of technology and traditional grocery offerings that will help it attract more customers. The company's grocery store brands include Amazon Fresh and Amazon Go, as well as supermarket chain Whole Foods, which it purchased in 2017 for $13.7 billion.

But Amazon's efforts to become a giant in the U.S. grocery market hasn't been easy. Early last year, CEO Andy Jassy wrote in his annual letter to shareholders that the company was working to find the formula that would allow it to make a larger impact in brick-and-mortar grocery stores.

Jenkins argued that removing Just Walk Out from U.S. Amazon Fresh stores did not reflect a miscalculation by the company. Instead, he described the decision as an outgrowth of an experimentation process to figure out what does and doesn't work for shoppers.

"What we found is customers in big grocery stores want a shopping assistant to travel along with them," he said. Meanwhile, "shoppers in smaller store formats tend to be very mission driven. They want to get in and out quickly, with as little friction as possible."

Abandoning the technology in many of its own stores could make it challenging for Amazon to sell Just Walk Out to other businesses. But some experts think the move also could expand adoption among smaller-format stores and locations akin to Amazon Go stores.

John Clear, a senior director at the professional services firm Alvarez & Marsal, says he believes cashier-less technology is going to become more common in grab-and-go shopping areas where human interaction tends to be limited, labor is hard to come by and businesses are almost always attempting to cut down on costs.

"We're seeing a natural evolution of the technology, kind of expanding where it's working" and drawing back where it's not, Clear said.

In its attempt to sell its technology to other businesses, Amazon is also trying to counter some recent viral social media posts that claimed the checkout system was not a technological marvel but was instead powered by contractors in India who manually added up items in carts as customers shopped.

Business publication The Information and news website Vox reported in the past that Amazon used human reviewers for the technology, which the company has acknowledged. Jenkins said the company hires associates who take some video clips and label them so they can be used to train the machine learning system.

But the notion "people in India are watching you shop live in a store and figuring out what you bought is completely inaccurate," he said.

In some cases, when the system was not able to figure out what happened in a store, a human watches a snippet of video to make sure the receipt a customer received was accurate, Jenkins added. Such reviews happen in a "small minority" of cases, he said, declining to give an estimate.

Jenkins also declined to share how many people the company has hired to review and label videos. However, he said it was less than the 1,000 figure cited in media reports.

Continue Reading...

Popular

Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept

US stock markets closed higher, driven by strong earnings and mild inflation data. Asian markets also gained, while eurozone and oil prices dipped.

Domino's Pizza Serves Up A Tasty Q1 Surprise, Setting The Table For A Profitable Year

Domino's Pizza impresses investors with first-quarter FY24 performance, boasting a 6% year-on-year sales surge to $1.085 billion, outshining analyst predictions. Strong supply chain revenues and expanding margins signal resilience amid market fluctuations.

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" - Ad

Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months.

Warren Buffett Is Known For His Simple Lifestyle But Here Are 8 Lavish Things We Know He Owns

Warren Buffett, the billionaire, embraces a modest lifestyle and prefers stashing his cash in the bank. Despite standing among the world's wealthiest, the priciest items he owns could surprise everyone.

Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of 'Bodies Around Him': 'He Takes Out Everybody Who Is Loyal To Him'

Cassidy Hutchinson, a former aide to Donald Trump, publicly expressed her disapproval of the ex-president following the recent indictments of his associates in the Arizona fake electors scheme.

What Should You Be Doing To "A.I.-Proof" Your Retirement? - Ad

A.I. is creeping into every aspect of our daily lives... According to billion-dollar fund manager Louis Navellier, it's never been more important to A.I.-proof your wealth. He lays out three simple steps to take ASAP in his latest video.

Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: 'I'm In Awe Of How You Dive Headfirst Into Everything.'

Bill Gates and Melinda French Gates each shared heartfelt social media posts to celebrate their daughter Jennifer's 28th birthday, highlighting her achievements as a mother, medical student, and equestrian.

Despite Microsoft, Google's 'Spectacular Quarters,' Billionaire 'Bond King' Bill Gross Warns Against Tech, Advocates For Value Stocks

Bill Gross, known as the "bond king," advises investors to avoid tech stocks despite strong quarters from Microsoft and Alphabet, recommending value stocks instead, while questioning the appeal of bonds with current yields.

"Safe" Investors Who Don't Get Out of Cash NOW Could Lose Everything Over the Next Six Months - Ad

The next six months are going to be some of the most precarious times to invest in the history of the United States. Because for the first time, your money is at risk of being completely wiped out, even when you think it is safest. This bubble is on a schedule and to get out before your portfolio becomes shark bait, you need to...

Elon Musk Debunks Tucker Carlson's Alien Theory, SCOTUS On Trump's Immunity, North Korea's Military Pledge And More: This Week In Politics

The week was filled with intriguing stories, from Elon Musk's dismissal of alien theories to the U.S. Supreme Court's deliberation on former President Donald Trump's immunity claims.

Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively'

Delta Air Lines flight from Atlanta to Ft. Lauderdale diverted back to Atlanta due to Boeing 757 yawing aggressively.

The Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Turkey Reportedly Turns East For Gas, Reportedly Eyes Exxon Deal To Ditch Russia

Exxon Mobil is reportedly in talks with Turkey for LNG deal to reduce dependence on Russia. Potential for 2.5M tonnes annually, costing $1.1B. XOM ahead of schedule to double LNG portfolio by 2030.

Has Jeff Bezos Found the Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Antony Blinken Raises Alarm Over Xi Jinping's Support For Russia During US-China Talks

In a recent meeting in Beijing, U.S. Secretary of State Antony Blinken voiced concerns over China's support for Russia's military, potentially straining the ongoing efforts to mend relations between the two countries.

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

Oil sprays from an ANA flight carrying 213 people as it lands in northern Japan

TOKYO (AP) — Oil sprayed from an All Nippon Airways plane as it landed Wednesday at Shin Chitose airport in northern Japan, but none of the 213 people on board was injured, officials said.

The Sleeper Crypto of 2024? - Ad

One little-known coin is quietly gearing up for a potential breakout. Our analysts believe it could be the surprise crypto hit of 2024. Discover the name of this under-the-radar gem and our full analysis for just $3.

Joe Biden Reverses Stance, Agrees To Debate Ex-President Ahead Of 2024 Rematch: 'Trump Makes Fun Of Me'

President Joe Biden indicated his willingness to debate Donald Trump in the upcoming 2024 general election, reversing his earlier hesitation and responding to Trump's open challenge for a debate under any conditions.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Tesla founder Elon Musk is visiting China as competitors show off new EVs at Beijing auto show

BEIJING (AP) — founder and CEO arrived in the Chinese capital on Sunday, just as the nation's carmakers are showing off their at the Beijing auto show.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

An NPR editor who wrote a critical essay on the company has resigned after being suspended

NEW YORK (AP) — A National Public Radio editor who wrote an essay criticizing his employer for promoting liberal views resigned on Wednesday, a day after it was revealed that .

Missouri's $2B Marijuana Market Hits Record Sales In March, Eyes Future Growth With Microbusiness Licenses

The Missouri cannabis market set a new monthly sales record in March, reaching nearly $125 million. According to the latest data from the Missouri Department of Health and Senior Services (DHSS), the adult-use cannabis sector contributed $108.7 million in March, with medical cannabis adding another $16 million, culminating in a total of $124.7 million.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Elizabeth Warren Says Trump Had Only 2 Accomplishments As President: 'Huge Difference Between' Biden, Trump

Elizabeth Warren thinks Donald Trump only accomplished two things when he was president and neither is highlighted as a positive by the senator.

What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?

MANGO stocks seek to replicate FANG success in semiconductor sector, with Nvidia leading (+220.78%) and ON Semiconductor most undervalued (+16.05 P/E, 3.72 EV/Sales).

MUST SEE By May 1: Beware Biden's Trojan Horse - Ad

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Shiba Inu Army Cheers As Burn Rate Soars 172%, Price Rebounds

Dogecoin killer Shiba Inu (CRYPTO: SHIB) has experienced a significant surge in its burn rate, increasing by an impressive 172%.

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

Jeff Bezos Just Humiliated Elon Musk - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

In Week 1 Of Donald Trump's Hush Money Trial, A Former Tabloid Exec Revealed How Ex-President Tried To Suppress Damaging Stories

The criminal trial of former President Donald Trump, which focuses on the hush money payments made during his 2016 presidential campaign, has brought to light his alleged efforts to conceal potentially da

EXCLUSIVE: Industry Leaders Predict How The Bitcoin Halving Impacts Prices And Mining

As the cryptocurrency world braces for the upcoming Bitcoin halving, industry leaders told Benzinga they expect significant market shifts, voicing concerns over mining centralization.

Ukraine's "Secret Weapon" Against Russia - Ad

Ukraine has a new weapon that's never been used before in war. This "living software" has been its secret weapon against Russia. The Wall Street Journal Reports: "it's a technical revolution." Early investors can reap 5,633% gains on the small company that makes it.

FBI Chief To Warn Congress Of Potential Coordinated Attack In US Similar To Russia Massacre: 'Threats To Our Public Safety And National Security...So Elevated'

FBI Director Christopher Wray is expected to raise concerns about the possibility of a coordinated attack in the United States, similar to the recent massacre in Russia, in a congressional hearing on Thursday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service