After months of anticipation, Jet.com, the online marketplace that hopes to challenge Amazon and eBay, has opened to the public. The members-only site offers tremendous discounts to its customers, under-cutting both retail and Amazon prices. Since a trial run began in March, however, the company has seen nothing but red ink. But the clamor hasn’t died down, and more investors are eager to add more capital to the Hoboken, New Jersey-based company, and its valuation climbs even as its revenues dip below the black line. Continue reading Online Marketplace Jet.com, Valued at $300M, Opens to Public

Walmart plans to launch a new loyalty program that will offer online customers unlimited free shipping for $50 per year. The program is half the cost of Amazon Prime, but does not include some of Prime’s popular perks such as streaming movies and TV shows, photo storage, and e-books. Walmart’s new service is part of a larger competition between retailers and e-commerce marketplaces for loyal customers. Walmart did not specify which markets will be part of the initial launch. Continue reading Walmart to Test New Shipping Service Similar to Amazon Prime

Jet, the e-commerce startup that plans to compete with Amazon on price rather than delivery time, recently made a beta version of its site available to the first 10,000 customers of the nearly 360,000 it has reportedly signed on for early access. Where other e-commerce companies are aiming to make online shopping more convenient through means of expedited shipments, Jet hopes to help customers save hundreds per year by offering lower prices on all its goods. Continue reading Jet Has Ambitious Plan to Take on Amazon with Lower Prices

The European Space Agency plans to apply 3D printing to metal in order to build parts for jets, spacecraft and fusion projects. ESA and the EU, together with industrial and academic partners, are developing the first large-scale 3D production methods to create metal parts that are lighter and more affordable than conventional parts. While 3D printing is already being used to produce plastic products, applying the process to metal parts for rockets and planes would save money and be more efficient. Continue reading The AMAZE Project: Space Agency Brings 3D Printing to Metal

Companies such as General Electric, Ford and Mattel are increasingly turning to 3D printing, or additive manufacturing, in order to help deliver products to customers more quickly. Unlike traditional manufacturing techniques, that typically involve cutting or drilling from molds, 3D printing enables a more efficient means of modeling an object on a computer and then printing it with plastic, metal or composite materials. Continue reading Industries Find 3D Printing Technology Fast and Efficient