00:00 Speaker A
We are watching Kroger, Intuit and Amazon. First up is Kroger. The grocer announcing a shift in its digital strategy that will result in a $2.6 billion impairment charge.
00:10 Speaker A
The company will close some of its e-commerce fulfillment centers and expand partnerships with delivery companies. Kroger’s interim CEO says these efforts will help the grocer deliver profitable sales and sales growth and the shares are up almost 2%.
00:25 Speaker A
Next is Intuit. The company behind Turbo tax will spend more than $100 million on a multi-year contract with Open AI. Intuit looking to bring the chat GPT makers AI models into its financial apps.
00:39 Speaker A
In addition to the new spending commitment, into it will offer applications inside chat GPT that will let users access and interact with financial data stored within into its platform. Those shares up about a percent.
00:52 Speaker A
And finally, Amazon, the company’s Zoox Robotaxi service is rolling out in San Francisco. Zooks is taking on Alphabet’s Waymo, which already offers driverless rides in that city.
01:03 Speaker A
Riders can sign up to join the Zooks Explorers program to take free rides in the company’s box-shaped vehicles. Zooks notched a major milestone in September when it opened up its Robotaxi service to the public for the first time in Las Vegas.
01:17 Speaker A
The company is offering free rides while it waits to get regulatory approval for a paid service. But of course, those shares are down with the down draft in tech today.