Latest news with #TedMabrey
Finextra
4 days ago
- Business
- Finextra
Bolt and Palantir usher in new era of intelligent e-commerce at the checkout
Bolt, a leading checkout technology company, and Palantir Technologies Inc., a leading provider of AI software, today announced a strategic partnership to usher in a new era of intelligent ecommerce checkout—one that's personalized, dynamic and deeply informed by data. 0 Checkout 2.0, a self-learning, self-improving checkout, replaces today's static, form-based flows with an adaptive, real-time system that responds to each shopper's unique preferences, behaviors and context. Rather than displaying the same interface to every shopper, Checkout 2.0 delivers personalized flows that evolve with the user—prioritizing preferred payment methods, remembering prior selections and surfacing relevant information at just the right time. "Operational integration of Bolt and Palantir reduces friction for shoppers and complexity for merchants while providing a foundation to accelerate retail into the age of AI," said Ted Mabrey, Palantir's Global Head of Commercial. "This partnership brings together the scale and shopper intelligence of Bolt's platform with Palantir's proven decisioning systems to deliver superior outcomes across every transaction. Checkout 2.0 represents the best of both worlds—and the future of commerce personalization." Bolt will leverage Palantir's platform to help scale Checkout 2.0 across enterprise retailers and expand it within Bolt's recently launched SuperApp—an all-in-one finance and crypto hub that delivers real-time shopper signals. As both platforms evolve, Checkout 2.0 will bring deeper personalization and intelligence to every phase of the buying journey. "Our partnership with Palantir addresses one of the biggest challenges in modern commerce: turning mountains of shopper data into real-time, actionable intelligence," said Ryan Breslow, Founder & CEO of Bolt. "Together, we're tackling outdated, one-size-fits-all checkout experiences and replacing them with a smarter, more adaptive flow that actually responds to individual preferences and behavior. Merchants gain powerful optimization tools to improve conversion and payment efficiency, while shoppers benefit from a faster, more personalized journey. This is not just an upgrade—it's a reimagining of what online checkout can be." Over the last decade, Bolt has accumulated a wealth of intelligence regarding shopper behavior and preferences from its Universal Shopper Network of more than 80 million U.S. shoppers. Through this partnership, Bolt will integrate Palantir's advanced decisioning engine to dynamically adapt checkout flows and enable smarter, contextually aware logic. For example, a shopper who frequently buys beauty products on their mobile device and prefers Apple Pay will see a checkout flow that automatically prioritizes Apple Pay, highlights relevant upsells and surfaces loyalty features—without requiring them to re-enter information or navigate away. These adaptive experiences are designed to eliminate friction and boost conversion. Merchants will also benefit from intelligent post-checkout payment routing. Checkout 2.0 will evaluate transaction attributes—such as volume, category or geography—and select the optimal payment gateway to maximize authorization rates and reduce processing costs. This behind-the-scenes intelligence delivers better margins and a smoother experience. Checkout 2.0's architecture includes: Self-learning shopper profiles that adapt over time based on usage, behavior and purchase history. Dynamic payment method reordering based on shopper preferences and device. Post-checkout routing optimization to improve processing economics in real time. Native crypto payment support, reinforcing Bolt's commitment to flexibility and future-facing payment infrastructure.
Yahoo
13-03-2025
- Business
- Yahoo
Palantir and Databricks Join Forces to Supercharge AI Adoption
Palantir (NASDAQ:PLTR) has teamed up with Databricks in a new partnership aimed at accelerating the development of artificial intelligence applications and making generative AI deployment more accessible. The collaboration is designed to lower technical and operational barriers, enabling businesses to integrate autonomous workflows more efficiently. Ted Mabrey, Palantir's Global Head of Commercial, emphasized that the integration between Palantir and Databricks will reduce costs and complexity for customers while providing a stronger AI foundation. Palantir and Databricks are aligned to deliver on our customers' mission-critical objectives, and this partnership has already proven to accelerate those outcomes, Mabrey said. The announcement comes just ahead of AIPCon 6, Palantir's AI-focused conference, which will be livestreamed at 12:40 p.m. ET. The event is expected to showcase new customer partnerships and real-world use cases of Palantir's AI solutions. Despite the news, Palantir shares were down over 4% in early market trading. This article first appeared on GuruFocus.
