AI news and archive

UK retailers lead the way in embracing AI

It looks like AI is on the rise in retail, and for good reason. According to a study from the Capgemini Research Institute, the technology - which Capgemini predicts could save retailers as much as 300 billion dollars (235 billion pounds) - is being used by over a quarter (28 percent) of retailers today, a significant jump from 17 percent in...

Fashion Featured

Yoox unveils AI-powered virtual styling suite

Yoox, part of the Yoox Net-a-Porter group, has introduced a new feature targeting millennials, an AI-powered virtual styling suite that is designed to help customers explore the Yoox catalogue in a new interactive and engaging way. Conceived and designed by the Yoox research and development team, the YooxMirror immersive styling suite displays...

Fashion

Footasylum revenue boosted 28 percent thanks to AI technology

Streetwear and sportswear retailer Footasylum has revealed that through working with artificial intelligence (AI) company Peak on a new email campaign, it has managed to increase email revenue by 28 percent. The AI technology helped Footasylum create “hyper-personalised marketing communications” by pushing relevant product recommendations,...

Fashion

Farfetch partners with Syte to enhance app

Visual AI start-up Syte is partnering with Farfetch to power its new in-app visual search feature on iOS, as part of the luxury retail platform’s strategy to implement new technologies to enhance customer experience. The new ‘See it, Snap it, Shop it’ feature within the Farfetch app aims to help customers to interact and engage with day-to-day...

Report

Fast Retailing uses AI for improved customer service

Japan’s capital expenditure boom is changing the country’s services sector, taking self-checkout systems and software mainstream. This shift has raised some concerns about the country’s valued sense of hospitality – a commitment called ‘omotenashi’. As pinpointed by Reuters, socio-economic factors such as the population’s aging (working-age...

Fashion Featured

Tech in fashion: should artisans be concerned?

With the increasing integration of AI and technology in our everyday lives, it seems only right that fashion follows suit and adapts itself to modern innovations. One company that seems to be bridging the gap between technology and fashion is London-based retail data analytics company Edited, whose recent study showed that its AI technology was...

Video

Video: JD.com CEO Richard Liu Speaks to Naga Munchetty at World Retail Congress

JD.com (Nasdaq: JD) is the largest online retailer in China. With over 300 million customers, we have a vast network of warehouses and delivery stations, and deliver most orders in less than a day. Source: JD.com, Inc., YouTube.

Video

Video: Introducing JD.ID X-Mart

Report

Alibaba leads the AI race with the launch of its first FashionAI concept store

Alibaba, China’s e-commerce giant has taken on the leading position at the retailers race to leverage advances technology including artificial intelligence. Alibaba’s new "FashionAI" concept store on Wednesday, which makes extensive use of artificial intelligence (AI) to simplify the apparel shopping experience for customers, ‘Business Insider’...

Fashion

Alibaba sets up AI research centre in Singapore

Chinese e-commerce giant Alibaba on Wednesday opened an artificial intelligence research institute in Singapore in partnership with a local university, as the battle to develop AI technology heats up. The institute, a tie-up with Nanyang Technological University (NTU), is Alibaba's first joint research centre outside mainland China. It aims to...

RetailFeatured

Jack Ma: 'Artificial intelligence and robots will kill many jobs'

"Artificial intelligence and robots will kill many jobs." It's a depressingly blunt statement for anyone to make, but even more so as it is the prediction of Jack Ma, CEO of the Chinese online sales giant Alibaba. The rise of AI -- its huge potential and fears over its potentially negative consequences -- is just one of the big issues discussed...

ManagementFeatured

The week AI took the fashion world by storm: Finery and True Fit secure millions in seed capital

Set to be a gloomy week – initiated by Blue Monday, the third week of January saw how Artificial Intelligence (AI) took the fashion industry by storm with two AI-heavy startups securing a total 60 million dollars in seed capital investment. “The retail industry is experiencing an exciting and profound shift toward great, personal experiences,...