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Tag: Walmart

Walmart quits advertising on X
Tech

Walmart partners OpenAI to launch ChatGPT-powered shopping feature

Walmart announced Tuesday that it has partnered with OpenAI to enable shoppers to make faster purchases directly through the ChatGPT artificial intelligence chatbot. The move aims to keep the retail giant and largest United States grocer in step with shifting consumer habits, as more shoppers now turn to AI tools like ChatGPT for gift ideas, […]

Walmart increases stake in Flipkart with 3.5bn
Business News

Walmart to launch first branded stores in South Africa

Walmart on Tuesday announced plans to open its first branded stores in South Africa later this year, signaling the retail giant’s push to expand its footprint across the African continent. The move aims to provide South African consumers with greater access to high-quality, affordable merchandise. The announcement comes on the heels of Walmart’s inaugural Growth […]

Walmart increases stake in Flipkart with 3.5bn
Tech

Walmart-backed PhonePe to launch $1.5b IPO in India

Walmart-owned PhonePe, India’s leading digital payments platform, is set to file initial paperwork for an Initial Public Offering that could raise up to $1.5 billion, according to sources familiar with the plans. Bloomberg reports that the offering could value the fintech firm at approximately $15 billion, with PhonePe aiming to file its draft red herring […]

Walmart quits advertising on X
News Tech

Walmart quits advertising on X

Walmart on Friday said it has quit advertising on social media platform X, becoming one of the latest brands to drop advertising on the Elon Musk-owned site. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said. The platform has struggled to retain advertisers since Musk […]

Walmart increases stake in Flipkart with 3.5bn
News Tech

Walmart increases stake in Flipkart with 3.5bn

Walmart has spent $3.5 billion this year to settle debts with some PhonePe stockholders and buy shares from some Flipkart stakeholders. Walmart reported in an SEC statement on Friday for the first time that the $3.5 billion in expenditures occurred in the first half of 2023. Currently, nearly 80% of Flipkart is owned by Walmart. […]

News

Walmart increases minimum wage to $14 per hour

  By Christian George While firms globally are stylishly slashing down its workforce, Walmart has concluded plans to increase its hourly workers wage in the U.S to $14. This was made known today by the company in an email that the new wage will reflect in the paycheque on March 2, 2023. Report has it […]

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