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3 technology trends set to revolutionize retail

CIO

Few verticals have undergone as massive a change as retail in the last couple of years. Driven by cutthroat competition and significant shifts in customer expectations, retail companies are striving to align themselves with the changing landscape, with IT playing a crucial role in their ability to achieve this.

Retail 189
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How Nvidia became a trillion-dollar company

CIO

Nvidia’s transformation from an accelerator of video games to an enabler of artificial intelligence (AI) and the industrial metaverse didn’t happen overnight—but the leap in its stock market value to over a trillion dollars did. Some of those models are truly gargantuan: OpenAI’s GPT-4 is said to have over 1 trillion parameters.

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10 Key Trends of Digital Transformation in Healthcare in 2022

OTS Solutions

At the heart of this shift are AI (Artificial Intelligence), ML (Machine Learning), IoT, and other cloud-based technologies. The intelligence generated via Machine Learning. There are also significant cost savings linked with artificial intelligence in health care.

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Sneaker fit startup Neatsy.ai gets $1M seed after B2B pivot

TechCrunch

startup, which was founded back in March 2019 by Artem Semyanov (the former head of the machine learning team at Prism Labs ), is now fully focused on selling its fit-tech to e-tailers via an SDK. Neatsy wants to reduce sneaker returns with 3D foot scans. Returning to retail use cases, Semyanov says Neatsy.ai

B2B 201
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LG announces the first 50 participants in its LG Nova program

TechCrunch

Artificial intelligence-powered remote patient monitoring wearable technology. Bigthinx – AI technology focused on fashion retail, wellness and the metaverse with products for body scanning, digital avatars and virtual fashion. Somatix, Inc. TRIPP, Inc. The Metaverse. Energizing Mobility.

3D 221
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Emperia is helping brands like Bloomingdales build shopping experiences in VR

TechCrunch

But not everyone agrees — particularly those who hope to build a business out of VR retail. Enter Emperia , an “immersive” retail startup that — to its credit — has already created virtual stores for brands including Bloomingdales, Dior, Ralph Lauren and Lacoste.

VR 222
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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

percent of all retail sales (2.3 eCommerce share of total retail sales worldwide from 2015 to 2021. To remain competitive, retailers must allow in-store customers to enjoy the benefits of online shopping. The country’s second largest online retailer JD.com is one the companies making the idea of checkoutless shopping a reality.