Article on retailtouchpoints July 10th on AI and Retail. Quick Brief / Summary AI is coming Retailers exploring and new startups like Verneek have formed. We’ve covered Verneek and their terrific pilot they finished with Sprouts. Very successful. They include some nice data predictions — Global ecommerce sales, representing 22% of all retail sales, could increase to $5.4 trillion in 2026, from $3.3 trillion… Read More »
Article on ZDNet about how McDonalds AI is driving customers crazy Highlights: The aim to eliminate labor is still at the forefront CNBC reports that the burger chain has installed these AI robots in 10 Chicago McDonald’s so that it doesn’t have to employ so many humans. One problem is humans interfering with the orders Going from 10 restaurants to… Read More »
Interesting article from the Nvidia blog on AI. We hear the acronym “AI” constantly but breaking it down in practical terms and how it affects the bottomline is what most people are truly interested in. Another silver bullet for the holster. How AI Delivers at Domino’s Pizza giant taps NVIDIA GPUs to bring AI to your neighborhood store.… Read More »
Checkout Free Cashierless From Retail TouchPoints Feb 2021 — Excerpt: Standard Cognition has a raised $150 million in a Series C funding round led by SoftBank Vision Fund 2, with participation from existing investors CRV, EQT Ventures and TI Platform Management and new investors including SK Networks. This brings the solution provider’s total funding above $236 million, which will enable Standard to execute… Read More »
AI is boosting efficiency and making life easier for thousands of AP professionals today. But many of these professionals are undoubtedly wondering if sophisticated software might one day put them out of a job. From Restaurant Technology News Feb 2020 Some of the new duties and responsibilities of the AP clerk have not yet been discovered, while others… Read More »
https://agfundernews.com/tesco-invests-in-frictionless-checkout-startup-trigo.html Tesco Retail Technology — Tesco invests in frictionless checkout startup Trigo October 17, 2019 Lauren Stine UK supermarket behemoth Tesco has partnered with Israel-based checkout technology developer Trigo and made an equity investment in the startup one month after it closed a $22 million Series A round. “We’ve benchmarked the market in this space, and they are by far and away… Read More »
Excerpted from Fast Company April 30, 2019. Recommended read! Walmart’s AI-powered store of the future is nothing like Amazon Go There are cameras. There is AI. And the similarities end there. By Mark Wilson 5 minute Read When Amazon launched its first Go store in 2018, the public lined up around the block to see the future of… Read More »
