“AI startup Megvii Technology has filed for a public listing on the Hong Kong stock exchange. The Beijing-based company, known for its facial recognition brand Face++, reportedly plans to raise between $500 million and $1 billion Megvii’s investors include Alibaba, Ant Financial and the Bank of China, and it has a valuation of more than…
Tag: AI eCommerce
Ecommerce startup Stylitics closes $15 million Series B funding for AI-driven outfitting and styling platform for retailers
“Founded in 2011 by Rohan Deuskar and Zach Davis, the New York City-based Stylitics is the leading AI-powered visual merchandising technology for retailers and brands, powering their outfitting, styling, and visual merchandising programs across all channels. On average, Stylitics’ outfitting and look-based programs see an increase of 1.8x in conversion rates, a 23% increase in…
Google and Amazon fight it out for retail ad spend
The report says retail advertisers in the US alone will spend $13.12bn on search in 2019, a 22.5% increase from last year – and this will reach $15.65bn in 2020. The report attributes 54% share of product searches to Amazon vs 46% to Google – a complete reverse of the shares it published in 2015….
Baidu chief Robin Li calls for bold moves to ‘get back on top’ as it readies for AI future, fends off ByteDance in search
“‘To strengthen the mobile foundation and lead in AI is our core strategy,’ said Li. Baidu reported that its smart voice-command operating system DuerOS was installed on over 400 million devices as of June, through which monthly voice queries surpassed 3.6 billion.” https://www.google.com/amp/s/amp.scmp.com/tech/big-tech/article/3023577/baidu-chief-calls-bold-moves-get-back-top-it-readies-ai-future-fends
Artificial Intelligence in Ecommerce
“A recommender system is a good approach to bring a new degree of personalization to the e-commerce sector. AI techniques build a correlation between the present demand and the upcoming demand. Learning product recommendation techniques promise to deliver product results your shoppers will likely want and get.” https://www.google.com/amp/s/recentlyheard.com/2019/08/20/artificial-intelligence-in-ecommerce/amp/