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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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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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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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How Nvidia became a trillion-dollar company

CIO

Its founders spotted that generating 3D graphics in video games—then a fast-growing market—placed highly repetitive, math-intensive demands on PC central processing units (CPUs). Although Nvidia’s first chips were used to enhance 3D gaming, the manufacturing industry is also interested in 3D simulations, and its pockets are deeper.

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LG announces the first 50 participants in its LG Nova program

TechCrunch

Bigthinx – AI technology focused on fashion retail, wellness and the metaverse with products for body scanning, digital avatars and virtual fashion. ByondXR – Provides retail 3D virtual experiences that are fast, scalable and in line with the latest metaverse technologies. The Metaverse.

3D 221
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UK’s Mindtech raises $3.25M from In-Q-Tel, among others, to train CCTV cameras on synthetic humans

TechCrunch

This data is then used to train AI-based computer vision systems for customers such as big retailers, warehouse operators, healthcare, transportation systems and robotics. Mindtech says Chameleon solves that problem, as its customers quickly “build unlimited scenes and scenarios using photo-realistic smart 3D models”.

Training 246
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Modsy quietly shut down while some customers were still awaiting refunds

TechCrunch

In May 2021, the companies announced a collaboration to create “walkable” 3D tours of model homes using Modsy’s technology. Prior to founding the company, Tellerman was a partner at GV (formerly Google Ventures) focusing on retail, 3D, and augmented reality technologies. ” Upset customers.

3D 224