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Taco Bell, Pizza Hut are going “AI first”

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Yum! Brands is taking a significant leap into the realm of technology with plans to introduce “AI-powered” fast food.

  • Yum! Brands, which operates Taco Bell and Pizza Hut among others, is embracing AI technology to power fast-food innovations.

  • With digital sales now comprising 45% of total sales, the company aims to enhance operational efficiency and cut costs amidst California’s new $20 minimum wage law.

  • Their AI initiatives include SuperApp for restaurant managers, featuring generative AI for operational guidance, augmented reality for training, and franchise-funded investments.

The company has been ramping up its investment in technology and automation, with digital sales now accounting for about 45% of its total sales, amounting to approximately $30 billion.

This figure marks a significant increase compared to 2019, where digital sales stood at half the current level, according to Joe Park, Yum’s chief digital and technology manager.

“Our vision of quick-service restaurants is centered around an AI-first mentality that permeates every aspect of our operations,” Park explained to The Wall Street Journal.

“We believe the potential for AI-powered solutions within the restaurant environment is limitless.”

Fast food restaurants are turning to AI

High paid workers

In light of California’s new minimum wage law, which will see most fast-food workers earning $20 per hour, Yum!

Brands, like many other restaurant operators, is turning to AI as a means to reduce costs and drive sales.

The implementation of AI by fast-food giants like Yum goes beyond merely enhancing the customer experience.

Yum has developed a mobile app called SuperApp for restaurant managers, currently being tested with generative AI capabilities.

This feature allows team members to seek operational guidance, such as optimal oven temperatures. Additionally, the app, which is already in use across over 8,700 Pizza Hut and KFC outlets, facilitates ingredient procurement and staff scheduling.

Anew augmented reality feature is in development to aid workers in learning how to prepare new menu items.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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TikTok launches Instagram competitor ‘Notes’

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TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

Take note

The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

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