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The global spending by retailers on artificial intelligence (AI) services will reach $12 billion by 2023, up from an estimated $3.6 billion in 2019, and over 325,000 retailers are projected to adopt AI technology over the period, according to a new study by Juniper Research, UK.

More than half of companies’ digital transformation investments, in the form of marketing and trade spend, are being wasted, according to a new survey by AlixPartners, New York.

hoopo, Los Angeles, announced a $3.5 million funding round from Chartered HighTech JIHTV1 fund, Singapore; TAU Ventures, Israel; and Global IoT Technology Ventures (GiTV), Japan, totaling $5 million from previous rounds from initial investors.

The American Society of Safety Professionals (ASSP) Foundation, Park Ridge, Ill., released a fatigue research report that shows the value of wearable technology in the workplace.

Associated Wholesale Grocers (AWG), Kansas City, Kan., established a partnership with RSA America (RSA), a Schaumburg, Ill.-based supermarket technology company.

Verus International, Inc., Gaithersburg, Md., acquired Big League Foods, Inc., a Rocklin, Calif.-based holder of a license with Major League Baseball Properties, Inc. (MLB), New York, to sell MLB-branded frozen dessert products and confections.

Although a large sector of cannabis products remain illegal under U.S. federal law, state-legalized cannabis and cannabidiol (CBD) from hemp will translate into billions of dollars in revenue, according to research from Nielsen, New York.

White Knight Fluid Handling Inc., a Kamos, Utah-based subsidiary of Graco Inc., announced plans to acquire Heateflex.