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    14,000+ gold, silver coins delivered per hour: Instamart, Zepto, others record rising orders as Diwali shopping shifts to q-comm

    During the recent Dhanteras and Diwali events, consumers turned to quick-commerce platforms for their festive shopping needs. Significant increases were noted in purchases of gold, silver coins, and traditional items. Quick-commerce platforms reported high demand for kitchen appliances, clothing, and home decor. A marked shift was seen in consumers' willingness to shop during unconventional hours for festive essentials.

    Environmental groups embrace AI, even as they warn of data center impacts

    Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.

    Amazon rolls out text-based shopping through Alexa

    Amazon said the new text feature lets users research and compare products, track deals and price drops, and have Alexa for Shopping complete purchases on their behalf.

    $5 billion in 5 days! Why FIIs are suddenly shopping Indian stocks non-stop this Diwali

    Foreign institutional investors have poured nearly $5 billion into Indian equities in five trading sessions, marking a sharp reversal after months of heavy selling. Strong Q2 earnings, softer crude prices, stable currency and the global AI sell-off are improving India's appeal, with investors rotating towards relatively undervalued markets and large-cap stocks.

    AI shopping agents could threaten Amazon and Walmart's ad business

    Retail powerhouses Walmart and Amazon are also the world's two largest retail media businesses, dominating the estimated $74.4 billion in US retail media spending with a combined 88% share of that market, according to projections from data firm Emarketer. But digital assistants could soon disrupt that business.

    AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge

    AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the option to buy up to roughly 10% of the chipmaker.

    The Economic Times
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