Facebook’s Artificial Intelligence Grows With Acquisition of Visual Shopping Startup GrokStyle

“Facebook said it acquired visual shopping and artificial intelligence startup GrokStyle in a move to bolster the social-media company’s own AI work.

GrokStyle’s technology, which was integrated into Ikea’s mobile app, was simple in practice. A user takes a picture of a piece of furniture and the technology would match it to similar products that could be purchased online. On its website, GrokStyle said it is “winding down” its business, but that it is “moving on as a team” along with its technology. The company didn’t disclose it’s joining (FB, +0.58%) Facebook.”

http://fortune.com/2019/02/08/facebook-ai-artificial-intelligence-shopping-grokstyle-acquisition/

How Shopgoodwill.com Authenticates Luxury Goods With AI Tech

“Goodwill uses a device that includes a high-powered magnification lens, which can be used on an iOS device to take a picture of a handbag’s material. That photo is sent to the company’s service, which does an analysis of the material using machine learning technology and gives an opinion of whether the product is authentic or not. “The whole process in general takes about a minute or so,” Smith said, adding that the technology is “exceptionally easy” to use.

Entrupy said in a press release that its computer vision technology uses algorithms that can verify items with an accuracy rate of 99.1 percent, which Smith noted is in line with what Goodwill has seen so far.”

https://www.google.com/amp/s/www.pymnts.com/news/retail/2019/goodwill-ecommerce-luxury-goods-ai-authentication/%3famp

Mercari R4D Debuts AI Vision Shopping Experience Using Vuzix Blade AR Smart Glasses

“Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products,  together with Mercari, Inc., under its research and development organization Mercari R4D, are pleased to announce the start of a AI vision proof of concept shopping experience for the Vuzix Blade AR Smart Glasses that strives to deliver e-commerce product information privately to the user by applying XR and Edge AI.

Using a simple hand gesture and the Vuzix Blade camera, users can retrieve similar products listed for sale on the Mercari marketplace, along with product details such as selling price, without taking their phone out of their pocket.  The Mercari marketplace app, launched in 2013, has been downloaded over 100 million times in Japan, the United States and the United Kingdom.  The Mercari AI vision enhancement shopping application, developed by Mercari’s R4D research and development arm, has been optimized for the UI/UX of the Vuzix Blade Smart Glasses and will be showcased to the public for the first time at CES 2019.”

https://martechseries.com/predictive-ai/augmented-reality/mercari-r4d-debuts-ai-vision-shopping-experience-using-vuzix-blade-ar-smart-glasses/

How to be Competitive in eCommerce (2018) – CIO Review

Image credit: cioreview.com
  • “Personalized Experience: The age of information overload has provided the firms with the opportunity to inform themselves about the exact desires and demands of their customers. The expectation in such an instance is that the firm will be able to create unique personalized experiences that will enhance and improve customer experience.
  • Sensory Search: With an increase in visual social platforms like Instagram and Pinterest, there has been a transformation in the eCommerce industry in terms of demand for the capability of panoptic search. There’s also a surge of popularity for voice search, and firms should include both these capabilities to boost their site visit.”
  • Read Full Post