Nordstrom going private in $6.25B deal | How to monetize AI agents

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Nordstrom is going private in a $6.25 billion acquisition deal with members of the longtime Seattle retail family and a Mexican retailer. The company has tried for years to keep up with the changing retail landscape as shoppers turned to online competitors and e-commerce juggernauts such as Amazon. Nordstrom's digital sales represented 34% of total sales in the third quarter. Read more.

A group of former early leaders at Microsoft are leading Total Neural Enterprises, a new Seattle-area startup aiming to help companies streamline the design and deployment of AI tools. Read more.

How to monetize AI agents: The latest edition of our “Ask the Expert” business advice column features Outreach co-founder and former longtime CEO Manny Medina, who answered a question about pricing AI products. Read more

“For the most part, we’re all hat and no cattle. We talk a good game about working together. We don’t.” Michael Schutzler, the newly retired CEO of the Washington Technology Industry Association (WTIA), shared advice for the tech community in Seattle and Washington state on the newest episode of the GeekWire Podcast.

A proposed wealth tax from Washington Gov. Jay Inslee is sparking controversy within tech and business circles. Read our coverage: 

Hot Links:

  • The new Kindle Paperwhite is faster, larger, and better than its predecessor, according to one review. (The Verge)

  • Seattle has the highest share of its workforce predominantly working from home, compared to other U.S. cities, according to new Census data. (Seattle Times)

  • Former Amazon exec Dave Clark, who is leading new Seattle-area supply chain startup Auger, on the best ways to manage capital investments. (HBR; LinkedIn)

  • Madrona investors on five themes to watch in AI for 2025. (Aspiring for Intelligence)

  • Tech vet Sanjay Parthasarathy has found joy in bringing pro cricket to Seattle. But he believes the tech industry has been slow to highlight the potential joy of AI. (Randomly Accessed Memories)

Thanks for subscribing to the GeekWire newsletter, and have a great holiday week. — GeekWire editor Taylor Soper, taylor@geekwire.com; GeekWire co-founder Todd Bishop, todd@geekwire.com; and GeekWire reporter Kurt Schlosser, kurt@geekwire.com.
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