Winning retailers pick their battles: “Amazon spend over $20bn annually on technology. Walmart spend over $5bn in capex on ecommerce and technology. It is just not possible for many to play this game. Being at the frontier of speed is not always necessary: 40% of ecommerce delivery in the UK, which is one of the…
Tag: Walmart
Nvidia explains how true adoption of AI is making an impact
“Hogan notes how, in many respects, eCommerce paved the way for AI. Data collected for things such as advertising helps to train neural networks. In addition, eCommerce firms have consistently aimed to improve and optimise their algorithms for things such as recommendations to attract customers. Nvidia has a machine called the DGX-2 which delivers two…
Walmart unveils an AI-powered store of the future, now open to the public
“Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including AI-enabled cameras and interactive displays. The store, a working concept called the Intelligent Retail Lab — or “IRL” for short — operates out of a Walmart Neighborhood Market in Levittown, N.Y. Similar to Amazon Go’s convenience stores, the…
Walmart vs. Amazon: Who Will Win in 2019?
Image Credit: RIS News “For perspective, it’s worth noting that eMarketer expects Walmart to account for 4.6% of ecommerce sales this year, up from around 4% in 2018. The company expects to come off its 40% growth in 2018 with 35% growth in 2019. This doesn’t compare with Amazon’s strong double digit growth rate especially…
Pinterest hires Walmart CTO Jeremy King as head of engineering
“Just a few days after VentureBeat reported that Pinterest chief technology officer (CTO) Vanja Josifovski was jumping ship for Airbnb, the game of musical chairs is continuing with news that Pinterest has hired Walmart CTO Jeremy King as its new head of engineering. The announcement comes less than 24 hours after an internal memo revealed…