Why Amazon Might be Looking to Team up With Big Banks
Amazon is looking to team up with banks to build a checking account-type product. The e-commerce giant is in talks with JPMorgan Chase according to the Wall Street Journal. Emily Glazer, banking reporter at the WSJ, explains her outlook for Amazon's ability to enter this sector.
"The Amazon effect is everywhere," says Glazer. "Banks would have a huge advantage of tapping into Amazon's data, their technology and then Amazon would have a huge advantage of not becoming a bank, not having to deal with stringent financial regulations, and capital restrictions, and all that comes with becoming a big bank."
But at what point does Amazon go too far with controlling consumers lives? Glazer says millennials don't care as much about privacy and security as older generations.
Jeff Burnstein, President of the Association for Advancing Automation (A3), discusses humanoid robots, AI, smart manufacturing, and the future of U.S. industry.
Should kids be banned from social media? Nick Lichtenberg of Fortune breaks down the global push to restrict under-16 users and what it means for Big Tech.
Miso Robotics CEO Rich Hull discusses Flippy Fry Station, the future of AI-powered restaurant automation and how acquiring Zume's IP could reshape food robotics
After two years of AI-fueled spending, Wall Street is asking what's next. Gil Luria breaks down monetization, valuations, winners, losers, and AI's future.
FIFA’s soccer World Cup promises to deliver $11.1 billion in spending and $30.5 billion economic impact for the U.S., but how much is it really helping?
