Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

farm-ng Latest User-Friendly Software Empowers Small and Mid-Sized Farms with Smarter Automation

farm-ng

farm-ng, a leader in accessible agricultural robotics, announced significant updates to its on-robot software stack, reinforcing the company’s dedication to providing affordable, practical and easy-to-use solutions for small and medium-sized farms. These enhancements focus on a streamlined, grower-centric user interface (UI), automated implement control within farming zones, improved accuracy in hands-free navigation mode, and a new Job Manager to simplify operations and increase efficiency in the field. "Our goal has always been to empower farmers with equipment that is both powerful and affordable," said Brendan Dowdle, CEO of farm-ng. "These latest enhancements to the Amiga robotic platform are a direct response to feedback from our users, aiming to make advanced agricultural technology accessible for farms of all sizes." The updated UI gives growers an intuitive dashboard to monitor robot health, switch between apps, and manage implements with ease, such as toggling sprayers on/off or setting tools to operate for specific durations. This design ensures that even those with minimal technical experience can effectively utilize the Amiga robot. The new Job Manager lets users plan, save, and repeat complete tasks within defined paths and zones—enabling hands-free operations like seeding, weeding, or spraying with precision tool control. This streamlines repetitive work, saves time, and minimizes human error. These updates are available over-the-air (OTA), ensuring that existing Amiga users can seamlessly upgrade their systems without the need for additional hardware or complex installations. For more information about the Amiga robot and the latest updates, please visit www.farm-ng.com. About farm-ng Based in Watsonville, California, farm-ng is an agricultural robotics company supporting productivity and innovation in the field. Its flagship product – the Amiga – is a modular, electric, open-architecture robot designed to serve small- and mid-sized farms, research institutions, and developers. From crop care to data collection, farm-ng empowers the ag community to solve today’s challenges and build tomorrow’s solutions. Contact Details AgTech PR Sara Winters sara@agtechpr.com

June 11, 2025 09:15 AM Pacific Daylight Time

Image

Sheon Karol Joins West Lane Partners as Senior Advisor

West Lane Partners

West Lane Partners, a private equity firm focused on special situations in middle market companies spanning healthcare, tech, financial services and industrials, is pleased to announce that Sheon Karol, a nationally recognized investment banker and restructuring advisor, has joined the firm as a Senior Advisor. Mr. Karol brings over three decades of experience in investment banking, restructuring, and senior corporate leadership, with deep expertise in complex M&A, capital raises, and operational turnarounds. Skilled in de-risking situations, he brings a flexible yet disciplined approach that favors iterative decision-making over rigid or binary choices. His ability to surface a range of strategic options, often under pressure, has made him a trusted advisor to owners navigating both opportunity and uncertainty. His contributions to the field have earned national recognition, including the “Boutique Investment Banker of the Year” award from the Atlas Awards. “Sheon and I have been in the trenches together on complex deals. He’s masterful at aligning stakeholders, cutting through noise, and adapting in real time to keep transactions on course. Where others see roadblocks, he sees possibility—and responds with clarity and flexibility,” said Deryck Palmer, Founder and Managing Partner at West Lane Partners. “His dynamic approach, experience, and deep market insight into the industries on which we’re focused, and an instinct for what owners value most, makes him an exceptional addition to our firm.” “I think of the middle market as the river less fished” said Mr. Karol. “Middle market companies are often overlooked, undercapitalized, and underserved by institutional talent. At West Lane Partners, our focus on investments between $25 million and $75 million is about more than deal size—it’s about bringing high-caliber insight to businesses at pivotal moments and tailoring strategic options to match the evolving goals of owners and the realities of the market. The result is not just getting deals done, but generating long-term value others might miss.” Mr. Palmer added, “I’ve always been impressed by Sheon’s expertise, creativity, positivity and determination to get the best for his clients. These qualities enable him to inexorably bring difficult situations to their best possible conclusion and there are few who bring such capabilities to the middle market.” About Sheon Karol Mr. Karol has advised on high-stakes transactions across a myriad of industries in the middle market, including manufacturing, biotech, pharma, for-profit education, medical research, agriculture, consumer goods, food & grocery, sports, and technology. Mr. Karol has successfully executed a wide range of strategic transactions, including M&A advisory, capital raises, and restructurings, for both healthy and distressed businesses and their stakeholders. He has also served in executive capacities, including as Chief Restructuring Officer of a $1 billion company, for which he renegotiated the company's debt and avoided a bankruptcy filing. Many of Mr. Karol’s transactions, including Violin Memory and Peekay Boutiques, have won awards. He served as SVP of Winn-Dixie and managed the company's sale of assets in excess of $200 million and the disposition of 326 stores (in a 90-day period); guided the auction and sale of Farmland’s nitrogen fertilizer business that exceeded the “stalking horse” bid by $25 million; advised the CRO in the sale of the Texas Rangers baseball team; and advised foreign buyers in their U.S. expansion. Trustee positions include the Violin Memory and Lily Robotics Trusts. A middle market M&A thought leader, he writes and lectures widely, including on entrepreneurship, auction theory, sale processes, the middle market and foreign buyers. He holds FINRA SIE, Series 63 and Series 79 certifications. Mr. Karol received a J.D. from Yale Law School and a B.A. from Yeshiva College. About West Lane Partners West Lane Partners is a private equity firm whose senior leadership has over 150 years of collective restructuring and private equity experience working with underperforming, stressed and distressed companies across a range of industries in both large cap and middle market companies. In addition to providing capital, the firm combines decades of restructuring, private equity, legal and financial expertise to collaborate with management in developing and executing bespoke solutions that deliver mutually beneficial outcomes. Contact Details Curtis Johnson, Investor Relations +1 973-404-0999 cjohnson@westlanepartners.com Meir Kahtan Public Relations, LLC Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.westlanepartners.com

June 11, 2025 10:00 AM Eastern Daylight Time

G6 Hospitality Unveils AI-Powered Upgraded My6 App

G6 Hospitality LLC

G6 Hospitality, the parent company of Motel 6 and Studio 6, today announced the launch of the new My6, a completely revamped consumer app featuring advanced AI personalization feature for customers. The revamped guest-facing app delivers 2X faster performance with a 50% reduction in latency, offering improved booking experiences that directly benefit property visibility and occupancy rates. The cornerstone of the new My6 app is its proprietary AI-powered recommendation engine that intelligently connects guests with the most suitable properties based on their preferences. This technology is particularly valuable for capturing the one-third of all searches for "Motel 6 near me," ensuring properties receive maximum exposure to their most relevant potential guests. The app introduces dynamic homepage experiences and personalized deal offers tailored to each guest's preferences, driving higher conversion rates and increased bookings for properties. "Our customers deserve a seamless, personalized booking experience, and My6 2.0 delivers exactly that while simultaneously driving more bookings to our properties. The AI-powered features mean guests find exactly what they're looking for faster, resulting in higher conversion rates and increased occupancy for our locations," said Sonal Sinha, CEO - G6 Hospitality. Key features of the enhanced customer app include: AI-driven recommendations and lister rankings that ensure the right guest is connected with the right property at the right time. Personalized homepage tailored to guest preferences and locality, catering to different customer segments. Save and compare feature allowing users to easily shortlist and evaluate properties to make informed decisions. Enhanced property showcasing with AI-powered amenity tags, with Gen AI-based upgrades coming soon. Interactive map feature that improves navigation and highlights nearby attractions for better trip planning. Optimized visual presentation with categorized images and clearly displayed policy information for better transparency. The app also introduces customer-focused innovations including interactive neighbourhood exploration maps, a save-and-compare function for multiple properties, and an intuitive booking process designed to reduce abandonment rates on the app. Early data suggests the new My6 app saw 14% YoY increase in direct bookings while reducing drop-offs in the reservation process. The development roadmap includes further AI-driven ranking improvements, enhanced filters, Google Pay & Apple Pay payment options, Tripadvisor review integration, and post-checkout rating capabilities—all designed to enhance the guest experience and drive additional revenue. My6 2.0 is available now for download on iOS and Android platform. About G6 Hospitality LLC G6 Hospitality LLC is the leading economy lodging franchisor, with nearly 1,500 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada. G6 Hospitality is committed to making hospitality accessible to all through responsible business practices and unparalleled opportunity for franchisees to build a legacy through ownership. Both Motel 6 and Studio 6 were recognized in the 2024 Entrepreneur Franchise 500® report, with Motel 6 ranking in the top 50 of all franchises. The Carrollton, Texas, based company was named a 2024 Leader in Diversity by Dallas Business Journal. For more information, please visit www.g6hospitality.com. Contact Details G6 Hospitality LLC Anupriya Malik +91 97911 63065 anupriya.d@g6hospitality.com

June 11, 2025 08:00 AM Eastern Daylight Time

News Release

ProflUp Expands Team to Include Expert Writers for Enhanced Instagram Growth Resources and AI Automation Insights

ProflUp

ProflUp, a platform focused on ethical and effective Instagram growth, today announced the expansion of its team to include a network of experienced writers, analysts, and content strategists. The move is part of a broader initiative to enrich the platform’s educational resources, user guidance, and data-backed insights — particularly in the areas of AI-driven automation and niche content performance. As social media platforms become more algorithmically complex, creators and businesses are seeking not just growth tools, but context and clarity around how to use them. ProflUp’s newly expanded content division aims to meet that need by producing high-quality resources such as growth guides, niche strategy breakdowns, platform trend reports, and case studies rooted in real account data. “Growth without understanding is no longer enough,” said Yiannis Markou, CEO of ProflUp. “Our users need clarity — not just clicks. That’s why we’re building a team of specialists who can translate data, trends, and AI logic into actionable insights. Whether you're running a business or growing a creator brand, you deserve tools and knowledge.” New Editorial Focus Areas ProflUp’s content strategy will now focus on: Niche Growth Playbooks – Step-by-step breakdowns for industries like fitness, beauty, travel, and finance. AI Automation Education – Insights into how ProflUp’s backend systems work, from targeting engines to content timing algorithms. User-Centric Guides – Tutorials and FAQs tailored to creators, marketers, and small businesses seeking smarter strategies. These resources will be integrated directly into the platform and published regularly on ProflUp’s blog, ensuring ongoing access to the latest insights. This content expansion reinforces ProflUp’s positioning as more than just a service provider — it’s becoming a knowledge partner for Instagram users navigating a fast-changing ecosystem. By combining in-house analytics with expert writing, ProflUp offers not just automation, but education — enabling users to make better, safer, and more strategic growth decisions. About ProflUp ProflUp is a trusted provider of high-quality Instagram growth services including automatic likes, targeted followers, and analytics-backed audience tools. Created by marketers behind the AutoLikesIG project, the platform emphasizes sustainable, real-user engagement and transparent practices. With a commitment to platform safety, AI-powered targeting, and actionable knowledge, ProflUp supports creators and brands worldwide in building meaningful digital communities. Learn more at: ProflUp – Instagram Profile Growth Contact Details ProflUp Yiannis Markou, CEO +357 99 984400 ym@proflup.com Company Website https://proflup.com

June 11, 2025 06:29 AM Eastern Daylight Time

Bacula Systems Announces Native GPFS Integration to Boost Backup Performance in Large-Scale File System Architectures

Bacula Systems

Bacula Systems, the global leader in high-security, high-performance backup and recovery solutions, today announced native integration with IBM Spectrum Scale (GPFS), bringing powerful new capabilities for organizations running large-scale, high-throughput file systems. This latest development expands Bacula’s portfolio of advanced file system compatibility, allowing enterprise and HPC users to deploy tightly integrated backup and recovery operations directly within GPFS environments. This strategic advancement enables Bacula Enterprise to operate natively within GPFS-based architectures, allowing IT teams to dramatically increase backup efficiency, reduce system load, and maintain robust data protection in mission-critical environments. Bacula’s unique modular architecture and broad platform support now include full interoperability with GPFS, enabling protection of some of the world’s most demanding storage infrastructures. “Our GPFS integration is the next leap forward for enterprises and HPC environments managing massive data volumes and complex workloads,” said Jorge Gea, CTO of Bacula Systems. “By combining Bacula’s highly secure and scalable backup engine with GPFS’s exceptional parallel file system performance, our customers gain a reliable and highly efficient solution that meets the highest standards of resilience, speed, compliance and cost-efficiency. This is a natural evolution of our roadmap in the high-performance file systems space.” Key Benefits of Bacula’s GPFS Integration: • Direct GPFS Interoperability: Bacula interfaces directly with GPFS file systems, eliminating the need for inefficient workarounds or middleware. • Extreme Scalability: Ideal for petabyte-scale storage environments, Bacula’s GPFS module ensures high-speed, low-latency data protection for massive parallel workloads. • Optimized Throughput: Bacula supports GPFS’s high concurrency and distributed architecture, allowing parallel backup and restore operations across multiple nodes with minimal performance impact. • High-Security Data Protection: Bacula’s comprehensive suite of security features—including advanced encryption, ransomware protection, and air-gapped storage options—are fully compatible with GPFS-based deployments. • Advanced File-Level Control: Bacula enables fine-grained backup strategies with support for metadata-driven inclusion/exclusion rules and efficient change detection in large-scale GPFS environments. • Cost Optimization: Organizations can leverage Bacula’s deduplication and advanced compression to reduce storage costs, particularly in environments with heavy data redundancy. • Seamless Integration with HPC Workflows: Bacula supports modern HPC workflows by aligning with GPFS’s high-performance I/O demands, ensuring minimal disruption and maximum compatibility. Bacula Systems continues to lead the industry in delivering adaptable, highly secure, enterprise-grade backup solutions. With native support for both ZFS and GPFS, Bacula further empowers IT teams to deploy tailored data protection strategies across a wide variety of performance-critical file systems. Bacula Systems customers include NASA, Navisite, Texas A&M University, Sky PLC, Warner Bros Discovery, Locaweb and many more. For more information about Bacula’s GPFS integration and enterprise backup solutions, visit www.baculasystems.com/contactus/ IBM Spectrum Scale is a trademark of International Business Machines Corp. About Bacula Systems: Bacula Enterprise is an exceptionally secure, highly scalable backup and recovery software for large organizations, data centers, High Performance Computing, and MSPs. www.baculasystems.com Contact Details Rob Morrison +41 21 641 60 80 rob.morrison@baculasystems.com Company Website https://www.baculasystems.com/

June 11, 2025 04:06 AM Eastern Daylight Time

SeaTrainTM Technology Appoints Katy Nierman as CFO Amid Rapid Maritime Industry Growth and Innovation

SeaTrain Technology

SeaTrain Technology, LLC, a trailblazer in sustainable maritime innovation, proudly announces the appointment of Katy Nierman as its Chief Financial Officer (CFO). Ms. Nierman brings over two decades of financial and operational leadership across diverse technology sectors in both domestic and international markets. A recognized leader in her field, she was named one of the Top 20 CFOs to watch by Washington Exec and one of the Top 5 Inspiring Women Government Executives in 2023. “Katy’s entrepreneurial growth mindset, strategic achievements and deep expertise in both government and commercial technology solutions make her a tremendous asset as we advance our long-term plan to revitalize the maritime industry.” claimed SeaTrain Technologies’ CEO Carleen Walker. In her role as CFO, Ms. Nierman will oversee finance, accounting, risk management and supply chain operations. Her leadership will be critical to supporting SeaTrain’s mission to revolutionize ocean shipping by delivering unmatched efficiency, profitability, reliability, and environmental sustainability. As SeaTrain’s patented technology continues development in collaboration with industry partners and maritime regulatory bodies, Ms. Nierman will provide a pivotal role in optimizing internal controls, ensuring operational efficiency, and securing strategic funding. “I’m honored to lead the financial strategy behind this transformative technology,” said Nierman. “This is a pivotal moment for the shipping industry, and I’m excited to work alongside a visionary team that’s redefining what’s possible in maritime innovation. Together, we are laying the foundation for a new standard in ship design, construction, and operation—one that advances both economic performance and environmental sustainability.” SeaTrain’s forward-thinking approach and commitment to innovation position the company at the forefront of a rapidly changing maritime landscape. With Ms. Nierman joining the executive team, SeaTrain is poised to accelerate its growth and impact. For more information about SeaTrain Technology and its groundbreaking initiatives, please visit SeaTrain Technology. SeaTrain Technology, established in 2023 and headquartered in Boynton Beach, Florida, is on a mission to revolutionize the shipping, energy, and defense sectors through its patented submersible glider technology. The companyâs core valuesâinnovation, sustainability, efficiency, and safetyâare at the forefront of its operations, aiming to set new standards in performance and streamline shipbuilding and operations. Contact Details Carleen Lyden Walker +1 203-260-0480 Carleen@seatraintech.com

June 10, 2025 04:26 PM Eastern Daylight Time

Image

Kryton International Urges Durable Concrete Standards as Data Centers Face Mounting Infrastructure Risks

The Hoyt Organization

As the demand for high-performance data centers surges around the world, Kryton International, the global leader in waterproofing and durability solutions for concrete, is calling attention to a growing threat to uptime and asset longevity: concrete degradation. With operators increasingly adopting robotics and automation within their facilities, the need for ultra-durable, waterproof concrete is no longer optional — it’s critical. According to Forbes, the average cost of a data center outage has soared to over $9,000 per minute, with some incidents exceeding $1 million per hour. Seemingly minor infrastructure failures — such as a hairline crack in a concrete slab that leads to water ingress — can escalate rapidly, damaging sensitive servers and power infrastructure. Even small leaks that do not fully penetrate can corrode the internal steel rebar and trigger a full collapse of concrete walls, cable trays, raised floors, power conduits, or cooling lines. “Concrete is often treated as a static component of a data center, but in reality, it is a dynamic and vulnerable part of the facility,” said Kari Yuers, President & CEO of Kryton International. “Traditional concrete is prone to microcracking, water penetration, and abrasion — all of which can lead to costly damage, downtime, and reputational risk for operators.” This risk is amplified by the massive volumes of water used to cool today’s data centers. Many large facilities use millions of gallons of water daily to regulate temperature — Google alone reported using over 5 billion gallons of water across its U.S. data centers in 2022. As cooling systems circulate water through and around concrete infrastructure, the potential for seepage and structural degradation grows — especially when relying on outdated or inadequately treated concrete. Additionally, the implementation of robotics to handle racks within the facility – an increasingly more common practice within the data center industry – subjects the concrete to abrasion from wheeled traffic cycles. Kryton’s Krystol Internal Membrane™ (KIM®) and Hard-Cem® admixtures provide industry-leading protection by making concrete self-sealing, waterproof, and resistant to abrasion — even under the heavy loads and constant movement associated with robotic systems. “Data centers are expanding to handle the processing power of AI systems, and the modern, high-efficiency warehouses are increasingly being driven by robotics,” said Yuers. “That shift demands a new standard in concrete performance — one that resists not just time, but moisture and abrasion.” The need is growing as hyperscale and edge data centers expand into regions with high water tables, such as Texas and the Southern U.S.; seismic activity; or wide seasonal temperature swings — all of which increase the risk of concrete deterioration. Once a water leak occurs, not only is there potential damage to electronics, but entire operations may grind to a halt for remediation and equipment replacement. By integrating Kryton's innovative admixtures at the time of construction, operators can avoid costly shutdowns, eliminate reliance on external waterproofing membranes, and ensure long-term operational resilience. Key Advantages of Advanced Concrete Solutions in Data Centers: Moisture Protection: Waterproof concrete helps eliminate the risk of seepage and moisture migration through floors and below-grade walls, which is especially vital in facilities with raised floors or sensitive power and cooling infrastructure. Long-Term Integrity: Abrasion-resistant concrete stands up to the high traffic and mechanical wear caused by heavy equipment, maintenance operations, and cable tray installations—ensuring longevity without the need for frequent repairs. Energy and Cost Efficiency: By mitigating risks of structural damage, corrosion, and mold growth, advanced concrete formulations reduce the need for costly repairs, operational disruptions, and energy losses from compromised insulation systems. For more information about Kryton’s concrete durability solutions for mission-critical infrastructure, visit www.kryton.com. ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com Contact Details Kryton International Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://www.kryton.com/

June 10, 2025 09:00 AM Pacific Daylight Time

Apples & Bananas Launches Globally: A Learning App Built on the Whole-Child Approach for Ages 0–8

Apples & Bananas

Apples & Bananas, a thoughtfully designed, smart and simple, all-in-one learning app for children aged 0–8, is now available on iOS and Android. Purpose-built to support and supplement school readiness through play, the app combines classroom learning, creative exploration, calming activities, and off-screen time—empowering children to learn and grow at their own pace in a safe, inclusive environment. Poised to become the #1 early learning app for families globally, Apples & Bananas is kid-safe by design and built to meet what today’s parents are really looking for: a trusted, inclusive space that helps children learn, grow, and thrive—without overwhelming them or worrying parents. It brings together structured and unstructured learning, creativity, and co-play, all at a pace that’s right for each child. Created by education experts and a passionate team of parents, designers, and storytellers, the app is built to grow with your child—offering personalized experiences for ages 0–2, 2–4, 4–6, and 6–8. “We’re parents too—and we’ve seen first-hand how hard it is to find something that’s educational, safe, fun, and grows with your child,” says Uday Phoolka, Founder and Creator of Apples & Bananas. “This app is designed to be the one place you can turn to for it all—whether it’s learning numbers, listening to a calming story, or exploring their creativity with music and play.” What Makes Apples & Bananas Different: Whole-child development: Supports cognitive, motor, emotional, mindfulness, and creative skills through a mix of guided learning and free exploration. Kid-safe and inclusive: No ads. No distractions. Built from the ground up to reflect today’s diverse world and ensure every child feels seen and celebrated. All-in-one learning: From math, reading, music, and language to interactive games, calming stories, and hands-on activities—everything is in one place. Balanced screen time: Encourages off-screen moments with audiobooks, bedtime stories, and read-alouds that foster imagination and language development. Supports Social-Emotional Growth: With engaging videos, read-alongs, and lovable characters, kids learn to understand feelings, build empathy, and navigate friendships—gently and playfully. Co-play and connected parenting: Grown-ups are invited too—with progress tracking, suggestions for co-playing, and insights that strengthen the parent-child bond. Paced for each child: Structured and unstructured learning levels— 0–2, 2–4, 4–6, and 6–8 —that adapt to a child’s pace, so no one is rushed and no one is held back. Made for families everywhere: Whether you're in the USA, Europe, or Asia, Apples & Bananas is designed to be easy to use, culturally inclusive, and globally accessible. “Parents today want more than just screen time fillers—they want digital experiences that are thoughtful, safe, and truly supportive,” adds Uday. “ Apples & Bananas is about helping children thrive, while giving parents peace of mind and a little breathing room.” Apples & Bananas is now available to download worldwide on: iOS App Store Google Play Store About Apples & Bananas Created by educators, designers, and child development experts, Apples & Bananas is an edtech platform that believes in school readiness through play. The app empowers children ages 0–8 with age-appropriate learning across subjects, builds real-world skills, and strengthens family connections—making it the ultimate early learning companion for the modern parent. About USP Digital USP Digital is a global leader in children's digital content, dedicated to creating joyful, engaging, and educational experiences for toddlers and pre-schoolers. With a rich catalog of over 70 original IPs — including Bob the Train, Farmees, Junior Squad, Super Supremes, Boom Buddies, and Apples and Bananas — the company has built vibrant, memorable worlds that children love and families trust. Many of these beloved characters have grown alongside their young audiences, evolving while continuing to inspire curiosity, creativity, and learning through play. Founded by Uday Phoolka in 2013, USP Digital has produced tens of thousands of videos in over 44 languages, garnering over 250 billion views globally. Today, the company continues to shape the landscape of children’s edutainment across a wide range of digital platforms reaching millions of families every day. Contact Details USP Digital Jaskirat Kabir Singh Gill +91 99588 97584 kabir@uspdigital.co Company Website https://www.applesandbananas.co/

June 10, 2025 10:30 AM Eastern Daylight Time

Image

News Release

Wallid Unveils 3-Year Forecast and Strategic Vision for the Future of AI-Powered Shopping

Rev Up Marketers

As AI agents like ChatGPT, Gemini, and Perplexity increasingly shape how consumers discover and buy products online, Wallid.co Ltd, a London-based fintech innovator, has unveiled its official 3-year forecast for AI-powered e-commerce —alongside a strategic roadmap to help merchants and platforms adapt to this fast-evolving landscape. Led by CEO Ilya Mikin, Wallid is building the payment and checkout infrastructure designed specifically for the AI-commerce era, where traditional storefronts are replaced by conversational and intelligent buying flows. A Paradigm Shift in Online Shopping Consumers are no longer relying on static search-and-scroll models. Instead, they're asking AI assistants for personalized product suggestions—and soon, they’ll expect these assistants to complete purchases within the same interface. “We’re seeing the rise of ‘ask-and-checkout’ experiences,” said Ilya Mikin, CEO of Wallid. “This will radically change how brands are discovered and how transactions are completed.” Early signs of this shift are already visible: OpenAI-Shopify integrations now allow real-time product discovery and purchases within ChatGPT. Tech giants like Amazon, Google, and TikTok are embedding AI agents for dynamic, contextual shopping experiences. Market Outlook: AI Shopping Set to Hit $945B by 2028 Wallid projects that AI-powered shopping will account for a growing share of global e-commerce Gross Merchandise Value (GMV): $189B by 2025 (3% global share) $630B by 2027 (10% global share) $945B by 2028, representing 15% of all online purchases This surge represents not just a tech trend but a fundamental shift in consumer expectations—and a wake-up call for merchants and platforms to rethink how they sell. This Matters: The Four Fronts of AI-Commerce According to Wallid’s research, merchants need to prepare across four critical dimensions: Discovery: Product data must be structured for AI APIs, not just search engines. Personalization: AI will only show the most relevant options; brands must earn that limited visibility. Checkout: Frictionless, AI-native checkout with real-time payments is essential. Retention: AI agents can drive reorders, upsells, and smarter post-purchase flows. “Wallid’s AI-personalized, open-banking powered checkout is designed for this future—one where payments are embedded, context-aware, and effortless,” added Mikin. Wallid’s Vision: Payments That Work Where Conversations Happen Built specifically for embedded AI interfaces, Wallid’s next-generation checkout platform: Operates inside chat interfaces and AI agents Adapts in real-time to each customer’s context Powers low-cost, high-conversion account-to-account (A2A) payments Supports split-pay, cashback, and affordability-aware offers at checkout As conversational commerce becomes the norm, Wallid is positioning itself as the go-to infrastructure for AI-optimized payments across platforms and geographies. The Future Is Agent-Led Commerce Wallid forecasts the rise of intelligent AI agents that shop on behalf of consumers with prompts like: “Find me a birthday gift under £50” “Reorder my supplements with next-day delivery” “Book my skincare subscription using the best cashback offer” And with financial logic embedded into these AI systems—from credit scoring to loyalty and instant offers—Wallid’s mission is to become the transactional engine behind this future. About Wallid.co Ltd Wallid is a UK-based fintech company building AI-personalized, open banking-enabled payment solutions for the next generation of e-commerce. Its checkout layer is optimized for use inside conversational interfaces, enabling brands and platforms to deliver seamless, secure, and smart transactions. For more information visit https://wallid.co/ Or https://www.linkedin.com/company/wall-id/ Contact Details Wallid Ilya Mikin ceo@corp.wallid.co Company Website https://wallid.co/

June 10, 2025 09:04 AM Eastern Daylight Time

1 2 3 4 5 ... 701

Back