Retail Set to Overtake Banking in AI Spending

“Retail is poised to overtake banking as the top spender on artificial intelligence as companies including Home Depot Inc. and Wayfair Inc. turn to the technology for a wider range of operations, from inventory management to more personalized online search and shopping, according to market researcher International Data Corp.

‘Everything you can think of in almost every part of retail is being powered by AI,’ said Jeremy King, Pinterest Inc.’s senior vice president of engineering”

Leave a Reply