- “‘It can make humans more productive than we have ever imagined,’ said Sundar Pichai, the chief executive of Google’s owner Alphabet.
- ‘I view it as a very profound enabling technology,’ said Pichai. ‘If you think about fire or electricity or the internet, it is like that but I think even more profound.’”
“As part of its I/O 2021 keynote today, Google talked about online shopping and the ways it is boosting this experience for both merchants and shoppers. Among other things, the company introduced its Shopping Graph, a dataset ‘enhanced’ using artificial intelligence to monitor a variety of constantly changing parameters, ensuring shoppers can find products they’re looking for in real-time.”
“Google today announced the launch of Product Discovery Solutions for Retail, a suite of services deigned to enhance retailers’ ecommerce capabilities and help them deliver personalized customer experiences. Product Discovery Solutions for Retail brings together AI algorithms and a search service, Cloud Search for Retail, that leverages Google Search technology to power retailers’ product-finding tools.
Ecommerce order volume has increased by 50% compared with 2019, and shipment times for products like furniture more than doubled in March. Moreover, overall U.S. digital sales have jumped by 30%, expediting the online shopping transition by as much as two years.“
“Other predictions: A top tech company will shutter its AI lab in a strategic reset. Google’s DeepMind will make a breakthrough in biology-drug discovery, while Facebook will make one with computer vision and AR/VR. An AI-first drug discovery startup exits for $1+ billion.”
“Our research suggests people find AI’s recommendations more persuasive in situations where AI shows easy steps on how to build personalised health insurance, how to avoid a lemon car, or how to choose the right tennis racket for you, rather than why any of these are important to do in a human sense.”