AI news and archive

Study reveals that next gen shoppers are ready for AI, AR and robots

Global payments and shopping service Klarna released data last week that reveals how retailers will need to adapt to win customers in the future - that means investing in artificial intelligence (AI), augmented reality (AR) and robots, which according to the study “are likely to dominate the in-store and online landscape”, especially fashion...

Retail |REPORT Featured

Shoptalk 2023: AI, more important than ever for the future of retail

During the latest edition of Shoptalk Europe, many topics about the future of retail were discussed, but if there is one thing that all the experts attending the congress agreed on, it is the role of AI (artificial intelligence). With a challenging macroeconomic environment, heightened expectations and intensified competition, investment in...

Business

Google to begin testing AI-powered shopping

Google has revealed its plans regarding the integration of artificial intelligence (AI) into its shopping feature. Like other tech giants, the firm has turned its attention towards the latest buzzword AI to develop fresh ways to browse the internet, with new features introduced to its Search Labs platform, where it is possible to access early...

Retail |SHOPTALK EUROPE Featured

Shoptalk Europe: 'H&M will no longer just be a fashion company but also a data company'

"H&M will move from being a fashion company to becoming a data company" and this seems to be the direction retail is moving in, heavily shaped by the introduction of artificial intelligence (AI) into the sector, Alan Boehme, CTO of H&M, explained as part of talks taking place in Barcelona during Shoptalk Europe. His advice to the industry: Data...

Business

Oddity acquires AI-powered biotech start-up for 76 million dollars

Beauty consumer tech platform Oddity has announced the acquisition of biotechnology start-up Revela for a staggering 76 million dollars. Founded in 2021, the young firm is centred around artificial intelligence-based molecule discovery for the beauty and wellness industry, and boasts patent-pending ingredients as well as “hundreds” also in the...

Fashion

Zalando to launch virtual fashion assistant powered by ChatGPT

German-based European fashion e-tailer Zalando is looking to enhance the online fashion shopping experience with the launch of a virtual fashion assistant utilising OpenAI technology. In a statement, Zalando said it would launch the first beta version of its virtual fashion assistant powered by ChatGPT across its website and apps this spring to...

BusinessFeatured

AI Fashion Week hopes to pave the way for a new realm of creation

Buzzword of the moment ‘AI’ – or artificial intelligence – is getting a moment in the fashion spotlight this week, with the launch of the first AI Fashion Week (AIFW), hosted by Maison Meta. The event will take place from April 20 to 21, and sees a huge mix of participants take to the machine-made stage to showcase their digitally-powered...

Business

Amazon CEO outlines AI investment plans

In a letter to its shareholders, Amazon’s CEO and president Andy Jassy has spoken on the marketplace’s past year, with a look into the changes it has made in order to face the turbulent headwinds of the current market. Jassy outlined areas in which the company has made structural shifts in order to reach long-term potential and drive enough...

Fashion |Technology Featured

Fashion brands must catch up to AI, not halt progress

AI is having a moment. International governments are stumped by its progress and have been slow to leverage the possibility of automation and technology whilst at the same time creating laws to protect privacy and cyber security. With countries like Italy calling for a suspension of ChatGPT and tech leaders including Elon Musk signing an open...

Fashion

Revolve unveils AI-generated billboard campaign

Revolve has upped its efforts in digitalisation, unveiling what it says is “the world’s first” artificial intelligence (AI) generated billboard campaign. Entitled ‘Best Trip’, the campaign is a celebration of the retailer’s 20th-anniversary, and looks to signify its past, present and future through the artwork. The imagery was developed in...

Fashion Featured

Fashion in the age of AI: From design to customer experience

In the world of ever-evolving metaverse and Web3 technology, artificial intelligence (AI) is currently one of the most talked about, and one of the most enigmatic, forms of tech making the rounds. Sparking debates of what could be considered art or design, the innovation has certainly ushered in a new, albeit ambiguous formula for creation in...

Fashion

Neatsy.ai launches the first AI-enabled marketplace for running shoes

US-based start-up Neatsy.ai, which detects podiatry and orthopaedic health issues via a smartphone camera, has launched a marketplace for AI-selected running shoes and insoles. From today, March 15, shoppers can order running shoes by simply using their phone to scan their feet and select styles from brands including New Balance, Nike, and...