“As is clear from the chart above, online shopping is shattering ceilings. And the disruption runs deeper than productivity, says Stern’s Kleinberger. Big-box stores also aren’t aligned with how younger consumers shop, he says. In a March 2017 eMarketer survey, 78% of 18-29 year-olds said they prefer to shop online. Online shopping has only 9% of the overall…
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MIT has just announced a $1 billion plan to create a new college for AI
“One of the birthplaces of artificial intelligence, MIT, has announced a bold plan to reshape its academic program around the technology. With $1 billion in funding, MIT will create a new college that combines AI, machine learning, and data science with other academic disciplines. It is the largest financial investment in AI by any US academic institution to date.” https://www.technologyreview.com/the-download/612293/mit-has-just-announced-a-1-billion-plan-to-create-a-new-college-for-ai/
CB Insights AI 100 for 2018
“The AI 100 recognizes the teams and technologies that are successfully using AI to solve big challenges…Last year’s AI 100 enjoyed amazing success in the year since earning this recognition. 55 of them went on to raise additional funding nearing $2B and 5 were acquired.” Full list: https://www.cbinsights.com/research-ai-100
AI tool that it can produce 20,000 lines of content a second
“Alibaba has introduced an artificial intelligence (AI) tool that it says can produce up to 20,000 lines of content a second, helping merchants on its retail sites generate product information without humans. According to Alibaba, merchants and marketers on its e-commerce sites including Taobao, Tmall, Mei.com, and 1699.com have used the copywriting tool, on average,…
Voice-first, AI, AR: Three technologies race to again change how we shop – GeekWire
(Pixabay / mohamed_hassan Image) “Subscription commerce is particularly ripe, especially that focused on product curation and sampling. The frequent repeat nature of a subscription service lends itself particularly well to AI. Your steady stream of preference data is all the fuel it needs to generate smart recommendations. In this regard, Stich Fix is ahead of…