Good morning, Vertica AI team. This is your host, Vertica Newshound, bringing you today's AI update podcast for October 1, 2024. In today's episode, we discuss Walmart's ambitious digital strategy aimed at rivaling Amazon. The retail giant is making significant strides in integrating online and in-store shopping experiences, potentially generating around nine billion dollars in revenue according to analysts at financial firm Baird. Walmart aspires to create an "omni-channel retail disruptor," expanding revenue streams while enhancing customer reach. They have seen steady customer traffic and are focused on delivering value and convenience, particularly to lower-income households affected by inflation. Walmart's recent operational and financial performance underscores its competitive stance against Amazon, with potential significant implications for AI applications in retail.We also cover key stories including T-Mobile's investment in cybersecurity following a settlement with the FCC due to data breaches, emphasizing the importance of data privacy in AI solutions. Additionally, 11x.ai has raised fifty million dollars in Series B funding to further develop their AI-powered sales development bots, positioning themselves for growth in the e-commerce sector.Further, we touch on Squarespace’s use of AI for customizable website building, the shift from last-touch attribution models to more comprehensive marketing metrics, California Governor Newsom's veto on AI safety legislation, and the scrutiny faced by Meta regarding its AI-powered Ray-Ban glasses and user privacy concerns.Thank you for joining us for today's AI update podcast. Stay tuned for more developments in AI and e-commerce. Have a great day, team Vertica.

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