Israel-based frictionless checkout company Trigo and retailer-owned cooperative Wakefern Food Corp. on Thursday (Jan. 13) announced a partnership for an autonomous supermarket pilot that uses Trigo’s artificial intelligence technology, according to a press release. Wakefern, which is the logistics, distribution and merchandising arm for ShopRite...
MOSTLY AI has raised $25 million funding to advance its artificial intelligence (AI) synthetic data platform, the company announced on Tuesday (Jan. 11). The Series B financing round was led by Molten Ventures with contributions from existing investors Earlybird and 42CAP, and new investor Citi...
Artificial intelligence (AI) won’t be easy to regulate and there will be a trial-and-error phase in most countries that attempt it. Still, some regulatory proposals with basic principles can be achieved in 2022 in the U.S. and Europe. Drexel University Chief Information Security Officer Pablo...
Acquiring banks that use artificial intelligence (AI) to monitor merchants on their platforms say the technology has yielded many significant benefits that help boost their businesses’ bottom lines. A new report, AI In Focus: Gaining Ground On Merchant Monitoring, a PYMNTS and Brighterion collaboration that...
According to a new report, 75% of business-to-business (B2B) sales organizations will be utilizing artificial intelligence (AI)-based selling by 2025, according to market research firm Gartner. In a Dec. 6 news release, the company said that sales leaders have been more often been investing in...
Acquiring banks face a profitability challenge: Just 53% of the merchants they have on their platforms are turning a profit. The rest of their merchant accounts often wind up losing revenues to fraud, low transaction volumes and credit losses, while others just close out before...
If you find chat bots unhelpful or holding for customer service reps a drag, don’t feel bad. It’s a natural human reaction — the kind of human reaction better handled by automated voice assistants powered by artificial intelligence (AI) that are smart, fast and far...
As financial technology firms grow from startups into a core part of the financial industry, the already high use of algorithm-based artificial intelligence (AI) is growing. And it’s not just finance. In a January 2021 report, auditing and professional services firm PwC found that 86%...
In 2016 and 2017, chatbots were seen as one of the most important additions to the digital ecosystem, with some experts predicting that they would transform eCommerce, replace apps and save shopping malls, among myriad other capabilities. But lackluster artificial intelligence (AI) led most companies...
