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Amazon drops ‘just walk out’ technology at its US retail locations

CIO

Amazon’s technology is present in 130 third-party locations, the company said, which will be unaffected by the move to the Dash Cart in the company’s own stores. Just walk out” will remain available in the company’s smaller Amazon Go stores in the UK, and to third-party customers that use the technology.

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Physical experience, digital convenience: The future of retail

CIO

The future of retail is “phygital,” as every retail and ecommerce publication on the internet is screaming right now. If you’ve never heard the term before, it’s a portmanteau of “physical” and “digital” – and represents the merging of the two forms of retail and shopping. How do they do that? How do they do that? Can AI help?

Retail 174
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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. The workflows are built on Nvidia’s existing AI technology platform. Nvidia isn’t packaging these workflows as off-the-shelf applications, however.

Retail 177
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Ellen DeGeneres, Portia de Rossi, Shaun White, Shawn Mendes get behind Shelf Engine

TechCrunch

Shelf Engine ’s mission to eliminate food waste in grocery retailers now has some additional celebrity backers. The company has already helped retailers divert 1 million pounds of food waste from landfills, Stefan Kalb, co-founder and CEO of Shelf Engine, told TechCrunch. This includes a $12 million Series A from 2020.

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Hivery bags new money to automatically optimize product placement on store shelves

TechCrunch

Hivery , a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million in a Series B round led by Tiger Global, the embattled private equity firm, with participation from Blackbird Ventures, AS1 Growth Partners and OneVentures. We call it ‘hyper-local retailing.'”

Retail 197
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Dent Reality raises $3.4M to bring augmented reality into the grocery store

TechCrunch

Despite Apple and Facebook investing billions into a “metaverse” future, in recent years there’s been a distinct drop-off in venture deals for startups focused on finding opportunities in augmented reality. AR capabilities allow users to hold their phone up to chart a path to the object of their desire.

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New Zealand-based Imagr thinks camera-based AI is the future of shopping trolleys

TechCrunch

The value of transactions processed by frictionless checkout technology is estimated to reach $387 billion by 2025, according to a 2020 study from Juniper Research. Amazon Go’s automated convenience stores are expanding internationally, which Chomley says scares retailers who fear competition from the tech giant.