As of this week, eight NFL teams remain in contention for Super Bowl LIV. Five of them power their stadiums using A.I. from Satisfi.
Despite expanding into music festivals and other notable entertainment venues, Satisfi co-founder and CEO Don White says that sports remain the company's number one priority.
The technology gathers stadium data from a number of resources like employees and websites and then makes that information available to fans through voice assistants.
"Whether it be a Google Assistant, Amazon Alexa, and Siri Apple products," White told Cheddar on Monday. "We're really providing more content that fans want to these devices."
Questions answered by these devices can include "Where's the nearest bathroom?" or "Where's my favorite beer?" White says Satisfi can take the data it gleans from these conversations to inform the venue.
"People want certain kinds of beer," White said. "We're able to take that information to beer providers or stadiums and say, 'this is what people want. Stock more of that and they'll buy.'"
In March of last year, Satisfi got some major league backing. Major League Baseball led a $6 million funding round that resulted in a new product launch.
"It's all about voice and commerce," White said. "We launched a ticketing platform this year so that you can buy your tickets through a conversation with a bot on a website."
Satisfi is not yet profitable because of continual re-investment in the business, says White, and further global expansion is in the cards on the heels of the company's recent launch in London. He also teased "looking at something in Asia."
"If anybody wants me to go profitable, I can go profitable right now," White said. "But we're trying to grow the business rapidly and that's why we're investing in it."
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
