Walmart Labs, the local product development division of US retail giant Walmart has acqui-hired Delaware-based data analytics and machine learning startup Int.Ai, its second acqui-hire in India in three months, as it looks to strengthen its engineering team. In September, Walmart Labs brought the entire team of engineers from Bengaluru-based Appsfly onboard, which built a…
Tag: artificial intelligence
Holiday season is good time to put AI to work for e-commerce
“The US Census Bureau pegs Q2 e-commerce sales at $127.3 billion, an estimated 9.6 percent of all US retail sales in the second quarter of this year On average, consumers spend $114.19 per online order Even early last year, about 25 percent of queries on the Google mobile app and Android devices were by voice….
Artificial Intelligence ‘playing a role in 84% of households this Christmas’ – NetImperative.com
Key findings: Only 20% of people say they would trust AI to help them run their perfect Christmas Day Yet 84% are already planning on using AI-powered technologies this holiday season 70 per cent will use AI-powered ecommerce platforms to do their festive shopping 67 per cent will use AI-powered music or video streaming services…
KanKan AI Retail System Delivers Strong Initial Results for CP Lotus Supermarket
“In the first week since its launch, the KanKan AI Retail system created over 13,725 virtual members for CP Lotus and converted almost 4,000 new registered members, representing a 29% conversion rate. The system also connected 5,297 members with CP Lotus on social media, and KanKan’s product recommendation algorithm sent 2,544 personalized coupons with a…
AI For Mobile: New Solutions To Speed Up Performance – Forbes
“More than 5 billion people around the world have a mobile phone connection, according to a recent study by GSMA Intelligence. We can’t imagine our lives without mobile phones, which are gradually turning from convenient everyday tools into things like medical devices. It’s not surprising that many companies are developing AI tools for mobile devices. But…