Tech
Can Walmart Catch Amazon In E-commerce?
From partnering with Instacart to launching Walmart+ as a competitor to Prime, here are all the ways Walmart is looking to catch up with Amazon’s dominance in e-commerce as the pandemic pushes more shoppers online.
Walmart is partnering with Instacart to offer same-day delivery starting in a few U.S. markets, making it the latest major grocery chain to team up with Instacart in its fight against Amazon and Whole Foods.
The partnership is currently in a pilot phase in four markets across California and in Oklahoma.
Walmart’s partnership comes at a key time. Consumers are relying on grocery delivery at an unprecedented rate due to the Covid-19 pandemic, and some analysts believe customers will continue to shop online even as things go back to normal.
“Today, we welcomed Walmart to the Instacart marketplace for the first time in the U.S. Instacart now delivers from Walmart locations in three California markets — Los Angeles, San Francisco and San Diego — as well as Tulsa, Oklahoma,” an Instacart spokesperson said in a statement. “The new partnership brings thousands of items — from groceries, alcohol and pantry staples to home decor and improvement, personal care, electronics and more — at everyday low prices from Walmart stores to customers’ doors in as fast as an hour.”
Instacart already partners with or delivers goods from Aldi, Target, Costco, Albertsons, Kroger and Walmart’s Sam’s Club, along with smaller grocers and drug stores.
By offering quick delivery, big chain grocers have a stronger position against Amazon, which offers grocery delivery services Amazon Fresh and Amazon Prime Now from its own warehouses and Whole Foods stores.
In his testimony before the House Judiciary subcommittee on antitrust on July 29, Amazon CEO Jeff Bezos said companies such as Shopify and Instacart are emerging as competitors to Amazon’s business.
“In recent months, curbside pickup of online orders has increased over 200%, in part due to COVID-19 concerns,” Bezos said. “We also face new competition from the likes of Shopify and Instacart — companies that enable traditionally physical stores to put up a full online store almost instantaneously and to deliver products directly to customers in new and innovative ways — and a growing list of omnichannel business models.”
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What It Would Take For Walmart To Catch Amazon In E-commerce
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U.S. voters passed 40 ballot measures putting limits on AI data centers this week, as huge 1GW AI data centers from OpenAI, Meta, SpaceXAI, Amazon, Google and more push up water and power bills and put a strain on local resources. One of the issues that continues to come up is water usage, which is needed to cool the GPUs inside data centers running AI workloads. Closed-loop liquid cooling keeps water use low inside many modern AI data centers, but external cooling is still needed to move heat outside of the buildings and that requires large amounts of power or water in hot climates. CNBC visited data centers and spoke to researchers to find out the truth about how data centers use water.
Producer and Reporter: Katie Tarasov
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Additional Footage: AMD, CoolIT, DeepX, Equinix, Getty Images, Meta, Micron, Nvidia, SK Hynix, TSMC
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The crypto industry is pouring millions of dollars into congressional races across the country in the hopes of getting its legislative agenda across the finish line. Crypto-focused super PACs want to repeat the success of 2024, when they helped elect pro-crypto lawmakers and reshape Congress. But it remains to be seen if crypto can move legislation forward in a new Congress as Americans turn their attention to economic uncertainty and government ethics concerns.
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1:21 – Crypto’s 2024 wins
4:55 – Corporate influence
11:40 – Missed opportunity?
Hosted and produced by: Talia Kaplan
Edited by: Julz Alleyne
Animation: Jason Reginato, Marshall Ritzel
Senior Managing Producer: Jordan Smith
Additional Footage: Getty Images
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