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WSJ Tech News Briefing

TNB Tech Minute: Walmart Offers Logistics Outside Its Own Website

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 27 August 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, Some Fortune 500 companies cite artificial intelligence regulation as a risk. And Mark Zuckerberg says White House was “wrong” to pressure Facebook on Covid content. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

O. C.I. is the single platform for your infrastructure, database, application development, and

0:05.3

AI needs. Do more and spend less like Uber, 8 by 8, and Databrics Mosaic.

0:11.4

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street. Here's your T&B Tech minute for Tuesday, August 27th. I'm

0:21.4

Zoe Thomas for the Wall Street Journal.

0:24.0

Walmart says third-party sellers will soon be able to use its warehousing, delivery, and

0:29.4

return services to fill orders placed on platforms that aren't Walmart's website.

0:35.0

These include Target, Etsy, and Amazon.

0:37.6

The company also says it will start offering to handle imports on behalf of merchants

0:42.4

from ports of origin in Asia to Walmart. to They step up competition with Amazon which offers its own fulfillment services.

0:55.0

Roughly 27% of Fortune 500 companies cited artificial intelligence regulation as a risk in recent securities filings.

1:04.0

That figure comes from a recent analysis by Arise AI,

1:08.0

a startup building a platform for monitoring AI models.

1:12.0

The concerns reflect the uneven regulatory environment

1:15.2

around AI. The European Union passed comprehensive legislation called

1:19.7

the AI Act. In the US there is a hodgepodge of state initiatives in development

1:24.9

while the federal government hasn't yet passed rules.

1:27.6

And Mark Zuckerberg says pressure from the Biden administration on Facebook to censor content in 2021 related to the

1:35.6

coronavirus pandemic was wrong.

1:38.3

The CEO of Meta, the parent of Facebook and Instagram, vowed the company would quote quote push back if something like this happens

1:44.9

again.

1:45.9

Zuckerberg made the comments in a letter to House Judiciary Committee Chairman Jim Jordan.

...

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