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3 ways Generative AI is transforming the retail industry

CIO

Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. How can Generative AI speed innovation in retail? Caton : CarMax reviews millions of vehicles.

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IT leaders look beyond LLMs for gen AI needs

CIO

With the generative AI gold rush in full swing, some IT leaders are finding generative AI’s first-wave darlings — large language models (LLMs) — may not be up to snuff for their more promising use cases. With this model, patients get results almost 80% faster than before. It’s fabulous.”

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The hardest part of building software is not coding, it’s requirements

CIO

With all the articles about all the amazing AI developments, there’s plenty of hand-wringing around the possibility that we, as software developers, could soon be out of a job, replaced by artificial intelligence. The real problems are usually centered around what the software is supposed to do.

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Nvidia offers retail loss prevention software to accelerate accelerator chip sales

CIO

GPU manufacturer Nvidia is expanding its enterprise software offering with three new AI workflows for retailers it hopes will also drive sales of its hardware accelerators. However, the system continues to learn about new product formats and packaging from images captured at the checkout.

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Ethics of generative AI: To be innovative, you must first be trustworthy

CIO

Over the past year, generative AI – artificial intelligence that creates text, audio, and images – has moved from the “interesting concept” stage to the deployment stage for retail, healthcare, finance, and other industries. Everlaw has also baked auditability into its software.

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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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Should you build or buy generative AI?

CIO

Organizations don’t want to fall behind the competition, but they also want to avoid embarrassments like going to court, only to discover the legal precedent cited is made up by a large language model (LLM) prone to generating a plausible rather than factual answer.