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Starbucks CEO calls AI 'co-pilot,' not replacement for workers amid company turnaround efforts [FOX Business Network]

Starbucks Corporation (SBUX)  More Company Research Source: FOX Business Network
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Starbucks has been experimenting with artificial intelligence as it seeks to turn around its business and gain an advantage in the competitive industry. But even as the coffee giant pushes forward with automation, its CEO, Brian Niccol, insists that it's designed as a support tool rather than a substitute for workers. "It's more of a co-pilot than a replacement," Niccol told FOX Business during a September interview where he explained how human connection is a key in the brand's turnaround efforts. Niccol said the company recently invested upward of $600 million toward putting more workers, whom the company refers to as "partners," back in its stores. The goal, he said, is "to provide that human connection." "I think one of the things that people definitely highly, highly value is the humanity of Starbucks. And that's never going away. We've got to have craft," he said. "We've gotta have connection. And we've got to have a community coffee house." Still, Starbucks is heavily [Read more]
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Stockreport

Starbucks CEO calls AI 'co-pilot,' not replacement for workers amid company turnaround efforts [FOX Business Network]

Starbucks Corporation  (SBUX) 
More Company Research Source: FOX Business Network
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Starbucks has been experimenting with artificial intelligence as it seeks to turn around its business and gain an advantage in the competitive industry. But even as the coffee giant pushes forward with automation, its CEO, Brian Niccol, insists that it's designed as a support tool rather than a substitute for workers. "It's more of a co-pilot than a replacement," Niccol told FOX Business during a September interview where he explained how human connection is a key in the brand's turnaround efforts. Niccol said the company recently invested upward of $600 million toward putting more workers, whom the company refers to as "partners," back in its stores. The goal, he said, is "to provide that human connection." "I think one of the things that people definitely highly, highly value is the humanity of Starbucks. And that's never going away. We've got to have craft," he said. "We've gotta have connection. And we've got to have a community coffee house." Still, Starbucks is heavily [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
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Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS