Attorney and legal technology expert Colin S. Levy explains the scope of President Biden’s recent executive order on the development of artificial intelligence, and speculates about its long-term implications.

Generative AI (GenAI) has the potential to transform the contracting practices of companies by significantly reducing the contract authoring, review times, and making negotiations of commercial agreements more effective.

In the last few years, the growing sophistication of artificial intelligence has brought unprecedented levels of precision, efficiency and innovation to supply chain management.

Forty-four percent of healthcare organizations are using AI to improve customer experiences while another 35% use this technology to forecast consumer demands.

A panel of experts at the National Retail Federation’s NRF’24 conference in New York said the retail market had a strong holiday season, and would likely continue to thrive.

While numerous applications are available for optimizing a variety of logistics functions, the first- and last-mile segments are proving to be especially complex, generating significant costs for shippers and carriers.

Only about 2% of respondents said that they have no plans to implement GenAI in their operations over the next 12 months.

Mark McCleary, chief technology officer with Lucas Systems, discusses the push for greener operations in the warehouse, particularly in the area of packaging.

While GenAI has proved to be a valuable tool for enhancing the value of individual contracts, commercial agreements do not exist in isolation.

Alibaba.com said that the Smart Assistant tools for global sourcing will help small business owners discover new commerce opportunities, stay up-to-date with market trends and track orders.