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Walmart’s New Intelligent Retail Lab Shows a Glimpse into the Future of Retail
Over the past few months, a Walmart Neighborhood Market in Levittown, New York, has been quietly transforming. With artificial intelligence-enabled cameras, interactive displays and a massive data center, this store suggests a retail future that seems like science fiction.
But this store isn’t just a shiny new object, equipped with tech for the sake of tech. It’s a unique real-world shopping environment designed to explore the possibilities artificial intelligence can contribute to the store experience. It’s Walmart’s new Intelligent Retail Lab – or “IRL” for short.
While the application of AI in e-commerce is now table stakes, there haven’t been many physical explorations of its potential. But IRL is designed...
COFCO International Joins Initiative to Modernize Global Agricultural Commodity Trade Operations
COFCO International Ltd (“COFCO International”) is partnering with Archer Daniels Midland Company (NYSE: ADM) (“ADM”), Bunge Limited (NYSE: BG) (“Bunge”), Cargill Incorporated (“Cargill”), and Louis Dreyfus Company (“LDC”) to standardize data and digitize global agricultural shipping transactions. Together, the companies are looking to increase transparency and efficiency for customers through digital technologies, such as blockchain and artificial intelligence.
“We are pleased to join this initiative as a founding member,” said Johnny Chi, Chairman and CEO of COFCO International. “Emerging technologies like blockchain give us the opportunity to create a transparent, secure and efficient platform and transform global agricultural trade operations. Our shared vision is to develop a new standard available to everyone, bringing ...
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