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 »
From Restaurant Business Feb 2021 — Fast-food chains are embracing AI and other technologies to supercharge their premier channel.By Joe Guszkowski on Feb. 11, 2021 Excerpts: Dunkin’ is among the brands working to answer that question. The Canton, Mass.-based chain is testing drive-thrus that can recognize a loyalty member as soon as they pull up using geolocation within its mobile… Read More »
Carside Pickup Restaurant From Nations Restaurant News Feb 2021 — The fast-casual Mexican grill also plans to open 200 stores in 2021, and 70% of those openings will have Chipotlanes The Newport Beach, Calif.-based fast-casual brand said it opened 61 new restaurants, including two relocations during the quarter, and closed one. Of those new restaurants in the quarter,… Read More »
QR Code Repeat Visits + Pandemic Energizes QR Codes February 2021 article from Pymmnts.com — Excerpt: QR codes have become more commonplace than ever as the pandemic continues, with one study last year finding that roughly 11 million United States households were expected to scan QR codes by the end of 2020. Consumers most commonly used QR codes for contactless… Read More »
From Walmart June 2020 but being recirculated. June 30, 2020 By Matt Smith, Walmart Corporate Affairs Retail checkouts have been evolving for years. Inside its stores, Walmart has introduced convenient check out options, including self-checkouts, pickup and delivery, giving customers more choice and changing the way they shop. But there’s one checkout area that hasn’t changed in a… Read More »
From Engadget Feb 2021 — With an automated drive-through option coming in the near future. Excerpt: Back in 2019, Walmart started piloting its first local fulfillment center in Salem, which uses robots called the Alphabot to pick items from shelves. Now, the retail giant is turning more locations into automated fulfillment centers by converting a portion of the stores into warehouses or… Read More »
From Marketwatch an article referencing new study on Minimum Wage impacts — nice article from Marketwatch looking at the results from 2021 Princeton study on the effects of raising minimum wage. The usual most vocal critics are people like Andy Puzder back in the day that he ran Carl Jrs. Labor costs were very dear to his heart. It is… Read More »
Payment Trends and Insights Writeup by Appetize on the five payment trends to look for in 2021 There’s a silver lining to the unpredictability we experienced last year: 2020 accelerated the growth and advancement of the current payments landscape. In fact, the way operators set up their payment systems now will truly be a testament to how they… Read More »
Walmart Fintech Incursion From the Financial Brand Jan 2021 — The deal with Ribbit may reflect Walmart’s desire to get further into the actual guts of financial services, rather than being solely a distribution partner. At present, the fintech startup will be majority-owned by Walmart and some activities will be pursued via partnerships with other fintechs. Leadership will include… Read More »
