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South Korea’s RECON Labs raises $4.4M to help shoppers visualize products by creating 3D models in AR   

TechCrunch

Now, a South Korean augmented reality (AR) startup called RECON Labs , which enables e-commerce customers to create 3D models within a few hours by taking a short video of products via its platform PlicAR, has raised $4.4 Retailers can save time and costs by using PlicAR without building their own 3D modeling platform, he added.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

The retail industry has no shortage of cases on display where generative AI has shown tangible benefits. Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change.

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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

TechCrunch

Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 RenovAI helps retailers offer automated interior design advice to their customers. million (13 billion won) in a Series B+ round as it scales up. million and an additional $1.2

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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. We’ll have to wait until August 23 to see whether it lived up to its expectations.

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Virtual dressing room startup Revery.ai applying computer vision to the fashion industry

TechCrunch

is developing a tool that leverages computer vision and artificial intelligence to create a better online dressing room experience. million seed round to help it grow faster and appear more mature to large retailers. of fashion retail sales in 2020, and the market’s value is expected to reach $100 billion this year.

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Croatia’s Gideon Brothers raises $31M for its 3D vision-enabled autonomous warehouse robots

TechCrunch

The investment will be used to accelerate the development and commercialization of GB’s AI and 3D vision-based “autonomous mobile robots” or “AMRs” These perform simple tasks such as transporting, picking up and dropping off products in order to free up humans to perform more valuable tasks. Nenad Baki? Matija Kopi?,

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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.

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