Mobile Commerce Daily is now Retail Dive: Mobile Commerce! Click here to learn more!

Mobile Minutes: Replacing the iPhone; App spending; IBM’s AI group; Facebook simplifies video captioning

Cheap smartphones to propel app spending past $100B
Worldwide mobile application store revenue is set to reach $101 billion in five years as smartphones become cheaper and data plans more accessible, drawing in people in developing countries, according to data provider App Annie.
Read more on Bloomberg

Stephen Pratt, head of IBM’s new artificial-intelligence group, leaves
The head of International Business Machines Corp.’s newly formed Cognitive Business Solutions group left the company after just months on the job.
Read more on The Wall Street Journal

Facebook adds easy captioning to video ads in latest push for TV dollars
Ads will soon become a lot easier for consumers to absorb and brands to create on Facebook. The social network is now adding automatic captioning to video ads, if the advertiser so chooses, without them having to submit the words or put them into the ad themselves.
Read more on International Business Times