We’re in ‘third quarter’ of AI contest, says Walmart International CEO

News Snapshot:

For most people, AI only burst onto the scene in November 2022, when OpenAI released its buzzy AI-powered chatbot ChatGPT. That helped spark a rush to embrace generative AI: CEOs littered their earnings statements with references to the new technology, and investors sent shares of companies like Nvidia and Microsoft to record highs. But in truth, companies have been thinking about AI long before ChatGPT burst on the scene. “AI has been the lifeblood of most organizations for the last 10 years,” Kathryn McLay, CEO of Walmart International, at the Fortune Innovation Forum in Hong Kong on Wednesday. “I’m excited...