FedEx Will Start Taking Images 📸 of Delivered Packages
Scott D. Clary | Daily Business, Tech & Finance Newsletter
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FedEx Will Start Taking Images 📸 of Delivered Packages
FedEx will soon take images of packages delivered at your doorstep for items that do not require a signature.
“This is something e-commerce merchants and customers have been asking for, and we are proud to be the first to announce this service will be available to residential customers,” said Brie Carere, chief customer officer of FedEx.
“Receiving visual confirmation that the package has arrived gives peace of mind to both merchants and consumers, and we are thrilled to give them that confidence,” he added.
The free service will be available for both FedEx Express and FedEx Ground delivery customers with and without a login to the company’s free portal- FedEx Delivery Manager.
The service will first be available for users in select markets before launching to customers in the U.S. and Canada.
The move will be a good source of protection for FedEx, and it should also help business owners whose customers report that their package hasn’t been delivered.
Additionally, it will also be a good resource for customers to track whether or not packages were delivered to their door, especially if they’ve gone missing.
General Motors to Bring in AI For Instant Inspection Stations
General Motors is bringing artificial intelligence (AI) into the vehicle inspection process, aiming to make the inspection process quicker across its dealership network in the United States.
As part of the process, the automaker is making an undisclosed investment in Israeli startup UVeye, which makes vehicle diagnostic systems using sensors and AI to quickly identify damaged parts or maintenance issues.
The vehicle will drive through the UVeye’s scanner with illuminated lights on the inside and give service providers a detailed report about issues with your car.
The system uses AI, machine learning, and high-definition cameras to quickly and accurately check tires, a vehicle’s underbody, and exterior for defects, missing parts & other safety-related issues.
The collaboration will also see GM selling UVeye’s technology to its dealer network to upgrade its vehicle inspection systems.
In addition, the automaker will work with UVeye on various vehicle inspection technology projects involving used car auctions, fleet operations, and automotive dealership sales.
GM will make UVeye’s technology available to 4,000 dealerships across the United States.
Meta to Start Testing 🧪 NFTs on Instagram Stories Soon
Instagram’s parent company Meta has announced that it will start testing non-fungible tokens (NFTs) on Instagram Stories using its augmented reality platform Spark AR.
“We’re expanding our test of digital collectibles on Instagram to more global creators and a handful of additional countries. Creators and collectors will be able to share their digital collectibles across Facebook and Instagram after we begin rolling out the feature on Facebook with select US creators at a later date,” the company said.
“We’ll also soon start to test NFTs in Instagram Stories with SparkAR,” it added.
Besides testing NFTs on Instagram Stories, Meta said that Facebook would also support NFTs in the future.
Earlier in May, Meta also rolled out digital collectibles, which the company described as a brand-new way for consumers and creators to share NFTs on Instagram.
With all these features, Meta aims to help creators better connect with their fans, build a business, and prepare for the metaverse.
Nuclear Fusion Company Zap Energy Nabs $160 Million in Series C 💰
Zap Energy, an energy technology company that builds fusion reactors, has raised $160 million in its Series C funding round.
The funding was led by Lowercarbon Capital, along with participation from new investors, Breakthrough Energy Ventures, DCVC, Shell Ventures, and Valor Equity Partners.
Existing investors Energy Impact Partners (EIP), Addition, and Chevron Technology Ventures, also participated in the round.
Founded in 2017, Zap Energy is building a low-cost, compact, and scalable fusion reactor with the potential for a much faster path to commercially viable fusion, without using magnets.
The company’s sheared-flow-stabilized Z-pinch technology provides the shortest potential path to commercially viable fusion and requires orders of magnitude less capital than traditional approaches.
Zap Energy, which is targeting carbon-free energy, has recently created plasmas — the hot, dense form of matter found in stars, in its prototype.
The company will use the funds to accelerate its pace of bringing its technology to market.
Around the Web 🌐
Binance Launches Zero-Fee Bitcoin Trading in The U.S.: Binance.US, the United States affiliate of the crypto exchange, is beginning to offer zero-fee trading for Bitcoin, with plans to remove charges for the tokens in the future. The move comes as the crypto markets continue to struggle against the backdrop of the fall of some major coins and companies.
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