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Thanksgiving generates $5.3 billion in revenue, and Black Friday 2022 saw record-breaking e-commerce sales of $9.12 billion

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This year’s online holiday shopping season is expected to be subdued, according to analysts and e-commerce leaders. Sales in the first three weeks of November were essentially flat compared to the same period last year because of a weaker economy, inflation, and an increase in people returning to traditional in-store shopping in the wake of the Covid-19 pandemic. However, on the surface, the long Thanksgiving weekend appears to be more prosperous than anticipated, even though development has undoubtedly slowed this year after the spike during the pandemic.

According to data from Adobe Analytics, Black Friday sales surpassed $9 billion for the first time yesterday, with online sales totaling $9.12 billion. This represents a record for the day, an increase of 2.3% over sales from a year ago, and is also somewhat higher than what Adobe had anticipated before the day. Adobe doesn’t break out volumes in its report, making it difficult to determine whether the higher numbers are attributable to more purchases or simply higher prices this year owing to inflation.

For those assessing how the e-commerce market and consumer confidence are faring during what is the most significant and significant time for shopping in the year, Black Friday is a primary focus.

Salesforce releases its own statistics based on 1.5 billion shoppers, and it said that at 5 p.m. ET on Black Friday, online sales had hit $8 billion in the United States and $40 billion globally, with the most heavily discounted products being luxury handbags, clothing, and home appliances.

According to Rob Garf, VP & GM of retail at Salesforce, “Our data shows such a strong association between discount rates and online sales as buyers hung on for the biggest and best offers.” “Consumers on a tight budget are looking for value and pricing. And on Black Friday, stores responded by offering the biggest holiday discounts.

According to Adobe, the most popular categories for customers looking for deals and discounts on Black Friday were toys, video games, and consumer electronics.

Thanksgiving Day’s results were also better than expected: On Thursday, consumers spent $5.29 billion online. This is higher than the $5.1 billion that Adobe had originally predicted for the day and is up 2.9% from a year ago. According to Salesforce, worldwide online sales increased 1% on Thanksgiving to $31 billion, while domestically they increased 9% to $7.5 billion. Furthermore, according to Salesforce, mobile devices accounted for 78% of sales traffic. It claimed that the average order value was $105 globally and $120 for sales in the United States.

With the growth of e-commerce, “Christmas shopping” has undergone a significant change. Online shopping has expanded not only the days and hours that people can shop, but it has also expanded and muddled the idea of seasonality in “holiday” shopping. Black Friday, the day following Thanksgiving, used to be the “first day” of holiday shopping, but that tradition was abandoned years ago when deals began on Thursday.

Of course, it has also had an effect on how people shop. An ever-increasing part of that is being played by mobile devices. On Black Friday, smartphones accounted for a record 48% of total e-commerce transactions (up from 44% in 2021). Thanksgiving remains a stronger day for mobile sales, in part due to the fact that customers are not in stores or at their computers (they are spending time with friends and family, not at their offices!). Thursday saw a 5.5% increase in online transactions made through mobile devices compared to a year ago.

According to Vivek Pandya, chief analyst at Adobe Digital Insights, “mobile shopping had struggled to develop for many years as customers found the experience insufficient compared to desktop.” Thanksgiving this year marked an important turning point, demonstrating how much these encounters have advanced thanks to smartphones.

Additionally, the use of buy-now-pay-later services is increasing, a sign that both customers need to utilize this method and that it is becoming a more common alternative to credit. BNPL orders increased 78% on Black Friday, and according to sales data, they are up 81% from the same day a week prior. Notably, there is a significant increase over the day before as well. Buy-now-pay-later sales and orders increased by 1.3% and 0.7%, respectively, on Thanksgiving (indicating more of it being used for bigger-ticket items). Everything is great as long as there are no longer manageable bills down the road.

According to Adobe, it tracks sales for about 100 million SKUs and 18 different product categories across approximately 1 trillion visits to U.S. retail websites. It claims that 85% of the largest online retailers in the United States utilize it, and its analytics will contain anonymised data from some of its consumers. It stated that since November 1st, around $77.74 billion has been spent online.

The bigger question may actually be whether the increase in activity seen on Thanksgiving will be sustained through the rest of Cyber Week, which includes today’s Black Friday, Cyber Monday, and the weekend in between, as well as the rest of the days and weeks leading up to the New Year. Salesforce and Adobe may have different numbers and measurement parameters, but both are seeing growth. Overall, Adobe forecasts that this year’s Cyber Week will bring in $34.8 billion in online purchases, up 2.8% from the $33.9 billion the previous year.

The Cyber Week of 2021 was actually 1.4% lower than the Cyber Week of 2020, therefore this is a change.

In order to put those numbers into perspective, the National Retail Federation forecasts holiday sales growth of 6% to 8%, while Digital Commerce 360 predicts growth of 6.1% for the time period.

Whatever the case, it’s possible that sales won’t continue in full or even in the near future. According to Adobe, sales for today, often known as Black Friday, are likely to reach $9 billion, an increase of just 1% from 2021 figures.

For a few reasons, it’s crucial to monitor the holiday shopping season. First off, it is typically the busiest sales time of the year for retailers, with the potential to make or break the entire year. (For this reason, Amazon’s stock fell by about 20% following its most recent earnings, which saw the company slash its sales guidance and issue a warning about lower-than-expected holiday spending.)

Due to their disproportionate significance, Christmas sales data from online retailers can be used to predict the health of the e-commerce sector as a whole.

But there are some signs that choppy waters lie ahead if growth is what we’re chasing. According to Adobe, online sales in the first three weeks of November were steady at $64.59 billion, representing a 0.1% increase over 2021.

This is in contrast to physical retailers becoming more assertive in regaining their audience. The U.S. National Retail Federation predicted that 166.3 million people will shop over the long weekend.

Although there is a lot of speculation over how inflation will affect consumer behavior, our research indicates that this Thanksgiving holiday weekend will see strong store visitation and a record number of customers taking advantage of value pricing, according to NRF President and CEO Matthew Shay. “Retailers are ready to meet consumers wherever they want to shop with great products at prices they want to pay, and we are optimistic that retail sales will remain robust in the weeks ahead.”

More sales statistics updates will be posted when they become available.

As Editor here at GeekReply, I'm a big fan of all things Geeky. Most of my contributions to the site are technology related, but I'm also a big fan of video games. My genres of choice include RPGs, MMOs, Grand Strategy, and Simulation. If I'm not chasing after the latest gear on my MMO of choice, I'm here at GeekReply reporting on the latest in Geek culture.

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Boston Dynamics has retired its Atlas robot, showcasing its most impressive moments

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Boston Dynamics is discontinuing its hydraulic robot Atlas after years of pushing the limits. In order to bid adieu, the innovative firm has compiled a film montage showcasing the most remarkable instances of the mechanoid marvel, encompassing comical dancing routines, impressive acrobatic maneuvers, and a handful of unsuccessful attempts.

Atlas has been a source of inspiration for nearly ten years, igniting our creativity, motivating future generations of roboticists, and surpassing technical obstacles in the area. Boston Dynamics stated in a video aired on April 16 that it is now time for their hydraulic Atlas robot to rest and unwind.

“Please review all the achievements we have made so far with the Atlas platform,” they added.

Boston Dynamics, a robotics company based in Massachusetts, created Atlas for the Defense Advanced Research Projects Agency (DARPA), the Pentagon’s advanced technology division. Initially, it was conceived as a component of a prize competition with the aim of accelerating the progress of a humanoid robot capable of aiding in search and rescue missions.

Upon its public introduction in 2013, Atlas required a tether for stability and was limited to walking in a linear path. Almost.

A 1-year-old youngster has limited ability to walk and frequently stumbles. “As you observe these machines and draw comparisons to science fiction, it is important to bear in mind that this represents our current technological capabilities,” stated Gill Pratt, a program manager at DARPA who was involved in the design and funding of Atlas, in an interview with the New York Times in 2013.

Significant transformations have occurred since that time. The engineers at Boston Dynamics have meticulously tweaked the robot’s technology and algorithms throughout its development, enabling it to carry out physical tasks that would be difficult for most people with ease.

The most recent version of Atlas has a height of 150 cm, which is a little less than 5 feet, and a weight of 89 kilograms, equivalent to 196 pounds. With the help of its 28 hydraulic joints, this machine can achieve speeds of up to 2.5 meters (nearly 8 feet) per second. Additionally, it is capable of executing somersaults, athletic jumps, and 360° spins.

Additionally, it is equipped with a multitude of sensors that are utilized to accurately sense the immediate surroundings and respond accordingly in real-time. For example, if an obstacle is placed in the path of the robot, it will identify the issue and navigate around it. If you push it with a pole, it will elegantly adapt its body to stay upright.

Boston Dynamics has not provided an explanation for its decision to discontinue its renowned robot. Certain analysts have proposed that the corporation is preparing for the release of another novel product, but others have questioned whether Atlas has become a financial liability. While the company has successfully marketed its other inventions, such as the dog-like robot Spot, to different companies for diverse purposes, Atlas was never made available for sale.

According to IEEE Spectrum, Boston Dynamics has announced that they are retiring the hydraulic Atlas robot. Does this imply that a hydraulic Atlas robot is not the next item on the schedule? Currently, the outcome is uncertain and cannot be predicted.

It is uncertain what the future holds for the robots developed by Boston Dynamics, but we can only hope that it does not involve a rebellion by these machines.

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Boston Dynamics’ Atlas humanoid robot has transitioned to electric power

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Atlas is immobile, lying face down on a stack of connected gym mats. The only audio accompaniment is the humming of an electric motor. While it may not be completely silent, the noise level is significantly lower compared to the abrupt movements of its predecessors.

While the camera rotates, the robot’s legs flex at the knees. Initially, it is a spontaneous motion that gradually transitions into an eerie domain, reminiscent of scenes from a Sam Raimi film. The robot has successfully changed its position by cleverly rotating its legs, appearing as if it is lying on its back.

Atlas is positioned with its back facing the camera. Currently, the head rotates in a complete 180-degree motion, and subsequently, the torso mimics this movement. The object pauses briefly, allowing the camera to get a clear picture of its head—a circular screen with a ring-shaped light surrounding it. Once again, the torso rotates in alignment with the head’s 180-degree turn as Atlas moves away from the camera and exits the frame.

Boston Dynamics has recently announced that their humanoid robot, Atlas, has transitioned from a hydraulic system to an electric one, following in the footsteps of Bob Dylan.

The pace is rapid, with the steps still somewhat abrupt, although noticeably smoother than many of the recent commercial humanoids that have been introduced in the past few years. If anything, the gait evokes the bold self-assurance of Spot, a relative of Atlas who diverged from the humanoid lineage a few generations ago.

Brand new Atlas

The latest iteration of the robot is nearly indistinguishable. The top-heavy torso, bowed legs, and plated armor have been eliminated. There are no visible cables present on the sleek and slender new mechanical framework. The company, which has successfully defended against reactionary concerns about robopocalypse for many years, has chosen a more compassionate and considerate design compared to both the original Atlas and more modern robots such as the Figure 01 and Tesla Optimus.

The new robot’s appearance is more similar to that of Agility’s Digit and Apptronik’s Phoenix. The traffic-light-headed robot features a gentler and more whimsical design. According to the video, it is referred to as the “All New Atlas.” Boston Dynamics has deviated from its usual practice by retaining the research name for a product that it intends to market commercially. SpotMini was renamed Spot. The handle was transformed into a stretch. Currently, Atlas remains unchanged and is still referred to as Atlas.

“We may reconsider this when we are fully prepared to construct and distribute on a large scale,” states Boston Dynamics CEO Robert Playter in an interview with. “However, I believe that at present, it is beneficial to preserve the branding.”

The executive’s statement reveals the project is still in its initial phases. Boston Dynamics intends to start pilot testing of the electric Atlas at Hyundai facilities soon, with full-scale production following in a few years.

“Starting next year, we will be conducting on-site experiments with Hyundai,” states Playter. “We currently possess Hyundai equipment at our location.” We have been engaged in this task for a considerable period of time. In order to achieve success, it is imperative to possess a plethora of attributes beyond merely possessing innovative technology. In order to justify the investment in a robot, it is crucial to fully comprehend the use case and ensure that there is enough productivity to make it worthwhile.

Performing a complete reversal

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The most remarkable aspect of the 40-second “All New Atlas” teaser is the robot’s motions. They serve as a reminder that constructing a humanoid robot does not necessitate maximizing its human-like qualities. Despite billions of years of evolution, as one investor pointed out in the past, humans have not yet perfected themselves as machines. If we are going to design machines that resemble us, why not construct ones that possess capabilities beyond our own?

“We have constructed a collection of bespoke actuators that are powerful and adaptable, installed at the majority of joints,” states Playter. “The range of motion is extensive.” The compact design of this robot effectively harnesses the strength and agility of an exceptional athlete, allowing us to utilize its capabilities in various applications.

It is important to remember that Boston Dynamics has built its reputation through a series of popular videos over the course of many years. New additions to the canon are equally likely to feature a robot’s dance moves as they are to offer anything truly practical in an industrial environment. Therefore, it is challenging to separate the features that the company considers genuinely functional from those that are merely intended to impress.

Commencing in the prone position, for example, provides an opportunity to demonstrate the impressive reverse crab leg maneuver while also serving a practical purpose. Boston Dynamics proudly demonstrated in the farewell video of the hydraulic Atlas that falling down is an inherent aspect of its function, as is the ability to recover and stand up again. In reality, the majority of the current generation of industrial robots necessitates human intervention in the event of a failure. Conversely, a robot that can autonomously remove dust from its surface and resume its tasks is highly advantageous for enhancing productivity.

The system’s agility significantly enhances its potential for productivity. It reminds me of Agility’s Digit demonstrations (the company is notably the only one of its kind demonstrating systems at this magnitude), in which a robot walks to a shelf, rotates, walks to the conveyor belt, rotates again, and walks back. When you multiply that task by hundreds, or even thousands, per day, you start to realize the importance of saving valuable seconds.

“It will possess a range of movements that surpass human capabilities,” Playter explains. “There will be highly utilitarian applications for that.”

Minimizing the robot’s turning radius is crucial in confined areas. These machines are intended to be brownfield solutions, meaning they are specifically designed to be seamlessly integrated into pre-existing workflows within existing spaces. Enhanced maneuverability could ultimately determine whether one can effectively operate in a particular environment or if the layout needs to be redone.

Cranium and upper extremities

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The hands featured in the video are not newly created, as they have previously been used on the hydraulic model. However, they also signify the company’s choice to not strictly adhere to human design as a guiding principle. The distinction lies in the choice of using three fingers instead of four on the end effectors.

“A hand contains a great deal of intricacy,” states Playter. When using actuators to interact with the world, it is essential to anticipate and ensure both reliability and robustness. Therefore, we intentionally designed these objects with less than five fingers in order to manage and reduce their level of complexity. We are currently investigating various generations of individuals. We desire a grasping mechanism that adheres to regulations and is capable of adjusting to various shapes while possessing advanced sensing capabilities to accurately detect contact.

Internally, the head is likely the most controversial element of the design. The large, circular screen bears resemblance to a vanity mirror.

“It was a design element that we were greatly concerned about,” says Playter. “All the other individuals possessed a humanoid form.” I desired it to be distinct. We desire a welcoming and inclusive atmosphere. It offers a range of colors for a visual presentation. Undoubtedly, the object contains concealed sensors, but its design primarily aims to convey a sense of amicability. That knowledge will be crucial for effectively engaging with these entities in the future.

A Christmas Atlas

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The landscape has undergone significant changes in the past decade since the hydraulic Atlas was first introduced. There are several other companies, such as Figure, Apptronik, Tesla, and 1X, that also have humanoid robots like Electric Atlas.

There has been a significant increase in interest from our end. Three significant events, in my opinion, are what have caused the increase. Hyundai paid almost one billion dollars to acquire Boston Dynamics. That really caught everyone’s attention, making them realize there was a way out. Tesla’s expression of interest in manufacturing has confirmed the validity of our long-standing efforts. Furthermore, the rise of AI as a valuable tool in addressing general challenges is making all of this possible. We have taken our time to make this announcement, as we wanted to conduct thorough research to ensure that we can effectively address manipulation issues and have full confidence in our new generation of machines.

Despite Boston Dynamics’ significant advantage in the field of humanoids, Playter mentions that the company managed to assemble the initial version of the new robot around Christmas 2023. Prior to that, it was addressing numerous intricate issues in simulation.

This week, it appears that the company is prepared to showcase the capabilities of the robot, or at least provide a glimpse into its initial plans for the system.

Intelligence in a broad sense
One thing that can be said about Elon Musk is that he consistently makes ambitious commitments. During the initial stages of Optimus’ public debut, when the Tesla ‘bot seemed to resemble a human in spandex, the executive discussed a comprehensive system capable of performing various tasks. Imagine having an Optimus that can handle your factory work, run errands, and even prepare a delicious dinner for you. That’s the aspiration, isn’t it?

The reality is, of course, one that is built upon taking small steps forward. Robotics companies are currently engaged in discussions about “general-purpose humanoids,” but their systems are currently focused on scaling one task at a time. For many individuals, the primary objective is to transport payloads from one location to another. To fully leverage the form factor, a broader level of intelligence will be necessary.

The app store model seems to offer the most straightforward solution. Developer access has indeed played a significant role in expanding Spot’s range of features. According to Playter, Boston Dynamics has a different approach in mind for Atlas.

“We will focus on developing an application rather than creating a platform,” he states. In our experience, the key to making progress quickly is to prioritize a specific application and actively work towards solving any challenges that arise. We cannot rely on others to solve these problems for us. I believe that AI is a crucial component in this context. To ensure the efficiency of tasks, they will be enhanced with AI techniques.

Developers now have access to Spot’s reinforcement learning algorithm, thanks to the company’s recent decision. This work will be crucial for Atlas’ expanding skillset.

Thinking creatively

In order to achieve success, Playter emphasizes the importance of thinking outside the box.

“I believe there are numerous other robots capable of accomplishing that,” he remarks. Humanoids should be capable of handling a wide range of tasks. You have two hands. As a business owner, you need to be able to handle intricate and heavy geometric shapes that a basic box picker wouldn’t be able to manage. And you have to handle a massive volume of these shapes, numbering in the hundreds of thousands. I believe the era of the single-task robot is long gone. Stretch is a unique application where a robot can efficiently navigate and handle boxes.

What other responsibilities will the new Atlas have on the Hyundai show floor, similar to those of a business owner? The company shared a video in February that contains the solution. The video shows the hydraulic version of the robot interacting with the Hyundai parts that Playter previously mentioned.

“With our extensive experience in the field of dynamic mobility, we possess the strength and expertise to handle substantial payloads while ensuring exceptional mobility,” he explains. Being able to handle heavy, complex, and massive objects will set us apart from the competition. The strut in the video likely weighs around 25 pounds. Acquiring wheels: we will be releasing a video later on as part of our comprehensive initiative, showcasing the various manipulation tasks we have been conducting with Atlas using real-world objects. I’m quite certain we have a good grasp on how to handle that aspect, and I haven’t observed anyone else attempting it thus far.

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Elon Musk intends to impose a fee on new X members in order to grant them the ability to make posts

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Elon Musk intends to impose a small fee on new X members to grant them the ability to make posts on the social network and to address the issue of automated accounts.

Musk responded to an X account that had mentioned modifications on X’s website by stating that imposing a little cost on new accounts was the sole method to prevent the overwhelming influx of automated programs, known as bots.

“The current state of artificial intelligence, including troll farms, can easily pass the ‘are you a bot’ test,” Musk stated, alluding to techniques such as CAPTCHA.

In response to another user, Musk then stated that newly created accounts would have the ability to post without incurring a fee after a period of three months.

Currently, there is a lack of information regarding the timeline for implementing this policy and the potential charges that may be imposed on new members, which is consistent with the pattern of limited disclosure often seen in announcements pertaining to the social network.

In October of last year, X implemented a policy of charging new members who have not been verified a fee of $1 per year in both New Zealand and the Philippines. Users that register for the site from these regions will have the ability to view the posts, but they will not be able to engage with them. In order to publish, endorse, share, respond to, save, and cite posts, a monetary charge was required. Musk may implement a charge that is comparable to fees in other areas.

In a recent announcement, X stated that the platform would be initiating a significant elimination of spam accounts. Users were cautioned that their follower count could be impacted. Nevertheless, by implementing a strategy to impose fees on new members, the social media corporation appears to be striving to address the issue of bots more effectively.

Although Musk has expressed concerns about AI bots, X recently updated its policy to state that public posts may be utilized for training machine learning algorithms or artificial intelligence models. In July 2023, Musk mentioned that his AI company, xAI, would utilize public posts for training models.

In recent weeks, xAI has introduced its Grok chatbot to premium users of X, who are charged a monthly fee of $8. The chatbot was previously accessible to users who subscribed to the Premium+ tier for $16 per month. Last week, Fortune reported that X intends to offer Grok to users for composing posts.

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