The National Development and Reform Commission has a new agreement with the China Development Bank to offer 100 billion yuan ($14.55 billion) in financial support for the digital push. China’s digital economy rose 18 percent to 26 trillion yuan ($3.8 trillion) last year, equal to a third of the country’s gross domestic product (GDP), according…
Tag: artificial intelligence
Forbes: The Impact Of 3,000 Amazon ‘Go’ Stores Will Be Massive
“Several days ago, Bloomberg reported that Amazon is considering opening up 3,000 Amazon Go convenience stores by 2021. If you’re not familiar with Amazon Go, here’s how it works: you download an app to your smartphone, hold the app over a scanner when you enter the Amazon Go store and that’s it — anything you…
Checkout Alibaba “Cloud Shelf”
“The expo’s main attraction in terms of AI tech is the “Cloud Shelf”, which provides retailers with the capabilities to stock virtual products on their shelves that are available to order online, creating a truly omnichannel shopping experience.” https://www.powerretail.com.au/pureplay/alibaba-ecommerce-expo/
AI-related investments will grow by about 300 percent
“According to Martechtoday, Ocado reportedly planned to spend £175 million ($232 million) for its robotics and automation system this year, Amazon committed $5 billion in its tech investments in India alone, and Alibaba is looking into pouring $15 billion into research and development spending over the next three years. Forrester Research (PDF) predicts that AI-related…
13% Those Surveyed Working on AI
The Promotion Optimization Institute Finds 82 Percent of Consumer Products Manufacturers are Concerned About Amazon and Other Online Retail Leaders Eighty-two percent of those surveyed are concerned about their ability to profitably do business with Amazon and this far outstrips their concerns related to doing business with Walmart. This is an increase of eight percent…