3 present and future use cases of AI in Retail

AI Retail

Artificial intelligence in retail is being applied in new ways across the entire product and service cycle — from assembly to post-sale customer service interactions, but retail players need answers to important questions: Which AI applications are playing a role in the automation or augmentation of the retail process? How are retail companies using these technologies to stay ahead of their competitors today, and what innovations are being pioneered as potential retail game-changers over the next decade?

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Peak expands access to AI ‘Decision Intelligence’

AI Decision Intelligence

AI deployments are steadily migrating to retail applications as commercial brands seek to get a better handle on supply chains along with marketing and sales.
Increased demand for embedded AI software used to guide those decisions is on the rise, benefitting early movers offering automation tools designed to inform decisions on logistics and marketing. Among them is U.K.-based Peak AI, which this week announced a $21 million Series B venture round, bringing its total investor funding to $43 million.

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Sunlight’s AI Hypervisor gains Nvidia GPU support to boost Edge deployments

Edge Computing

Sunlight, the U.K.-based specialist in virtualizing data-intensive applications, announced Nvidia GPU support for its “lightweight” hypervisor designed to boost the performance of edge AI deployments. GPU support for its NexVisor platform would…

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The product-Market fit of AI technologies

AI use cases Retail

A strategy is a roadmap for organisations to hone them to their respective objectives. From marketing strategies to product roadmap strategies, success is cemented on how such plans are executed. Along the way, a lot has to be negotiated and metrics traded off against one another that will either provide a tactical remedy or a strategic panacea. While it is the team that works towards such a role, the vision of the leadership ought to encompass and adapt to the various weathers of corporate ups and downs. This whole process…

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How enterprise AI use will grow in 2021: Predictions from our AI experts

Woman in collage

Among IT executives, leaders, experts and supporters in the field of AI, the opinions and insights vary widely. In this AI 2021 predictions roundup for EnterpriseAI readers, we have gathered the thoughts and comments from a sampling of our experts who shared their thoughts with us on the AI marketplace and coming innovations over the next year. Their conversations are intriguing.

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AI Virtualization and Orchestration Startup Run: AI Captures $30M in Series B Funding

AI Stack of the Future

Upstart AI vendor Run:AI dove into AI by creating Kubernetes-based software to help customers get more production out of their existing AI infrastructure investments. Run:AI’s software is an orchestration and virtualization layer that pools together compute resources so they can be instantly allocated on demand as needed.

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U.S. leads world in AI, but here comes China

USA China Race

The United States is maintaining its early lead over China and the European Union in development and application of artificial intelligence technology, according to a new report from the Information Technology and Innovation Foundation (ITIF). But while the Americans’ lead is still substantial today, China is poised to close the gap, while the EU is largely failing to keep up, the report found.

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Nvidia unveils Certified Server Program offering Pre-Built Servers for AI applications

Nvidia Certified Support

Nvidia today launched a certified systems program in which participating vendors can offer Nvidia-certified servers with up to eight A100 GPUs. Separate support contracts directly from Nvidia for the certified systems are also available. Besides the obvious marketing motives, Nvidia says the pre-tested systems and contract support should boost confidence and ease deployment for those taking the AI plunge. Nvidia-certified systems would be able to run Nvidia’s NGC catalog of AI workflows and tools.

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Google launches suite of AI-powered solutions for retailers

Fashion and AI

Google today announced the launch of Product Discovery Solutions for Retail, a suite of services deigned to enhance retailers’ ecommerce capabilities and help them deliver personalized customer experiences. Product Discovery Solutions for Retail brings together AI algorithms and a search service, Cloud Search for Retail, that leverages Google Search technology to power retailers’ product-finding tools.

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Honing In on AI, U.S. Launches National Artificial Intelligence Initiative Office

To drive American leadership in the field of AI into the future, the National Artificial Intelligence Initiative Office has been launched by the White House Office of Science and Technology Policy (OSTP). The new agency was established under the American Artificial Intelligence Initiative Act of 2020, which was enacted and codified into law to expand many existing AI policies and initiatives throughout the federal government.

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AI to transform Healthcare of the future in the shadow of COVID-19

AI technologies are already in place in many retail stores and other industries, but a July 2020 study by chipmaker Intel Corp. found that 84% of the respondents — made up of 234 senior decision-makers inside U.S. healthcare organizations — have already deployed or expect to deploy AI within their healthcare operations. That’s up from a previous Intel study in 2018, when a little more than one-third of the respondents said they were using or planning to implement AI.

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AI: Fact versus Fiction

AI adoption inside U.S. companies  is soaring, with a recent PwC study concluding that 86 percent of 1,032 IT respondents believe that AI will be a mainstream technology for their companies in 2021. The problem, though, is that under closer inspection, some AI is nothing more than marketing hype once you look under the hood. For CIOs looking to integrate AI, what they need is a way to evaluate if an AI product or service is actually harnessing the power of AI– or if it’s a mirage.

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Nvidia moves its Software closer to cloud customers through an AWS Storefront

Nvidia is making it easier for AWS cloud customers to find and integrate Nvidia software applications into their AI and deep learning projects through an all-new, all-in-one “storefront” in the AWS Marketplace.

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AI in Fintech, Technology and Academia is focus of Nascent U.S. Tech Council

Finding ways to bring AI more deeply into the business worlds of fintech, technology and academia is the mission of the new National Council for Artificial Intelligence (NCAI).

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Resonai offers enterprises an AR-AI concierge for commercial buildings

Though humans historically provided concierge services for commercial buildings, guiding visitors to their destinations and answering questions, artificial intelligence and computer vision have advanced to the stage where fully digital alternatives can offer the same or better guidance. So Resonai is targeting enterprises with today’s launch of Vera Concierge, an augmented reality system that replaces any commercial location’s human help desk with a fully mobile, personalized AI assistant.

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Afresh raises $13 million for AI that optimizes grocery supply chains

AI-powered grocery management platform Afresh today raised $13 million in funding, which a source tells VentureBeat values the company at over $100 million. Afresh says the capital will enable it to expand its product across supply chain, store operations, and merchandising for all food categories, following a year in which it doubled the size of its workforce.

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AiFi raises $15 million to accelerate cashierless retail

AiFi, a Santa Clara-based cashierless retail startup that emerged from stealth in February 2019, today secured an investment from Qualcomm and existing backers. A company spokesperson didn’t disclose the exact amount, but she said it doubles AiFi’s total raised to $30 million.

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