From Amazon to Walmart, how companies plan to embrace AI

AI For Business


Smith Collection/Gado | Archive Photos | Getty Images

Artificial intelligence is no longer confined to the realm of science fiction, but is increasingly becoming a part of our everyday lives.

AI chatbots such as OpenAI’s ChatGPT are already being used in many ways, from composing emails to booking travel. In fact, ChatGPT has over 100 million users within just a few months of its launch.

But AI goes beyond large-scale language models (LLMs) like ChatGPT. Microsoft defines AI as “the ability of a computer system to mimic human-like cognitive functions such as learning and problem solving.”

For example, according to Microsoft, self-driving cars will use AI to simulate the decision-making processes that human drivers make while on the road, such as identifying traffic lights and choosing the best route to reach a particular destination. to

With AI’s boom in popularity, many companies are racing to integrate the technology into their products. In fact, according to the latest Deloitte survey, 94% of his business leaders believe his AI development will be critical to their business success over the next five years.

For consumers, this means AI may be coming to stores, restaurants and supermarkets near you. Here are four of his companies that are already leveraging the capabilities of AI and what impact AI will have.

Amazon delivery packages in front of the door.

Sopa Images | Light Rocket | Getty Images

Amazon is leveraging AI in a number of ways, but one strategy is to get orders delivered faster, says Stefano Perego, Amazon’s vice president of customer fulfillment and global operational services in North America and Europe. told CNBC on Monday.

The company’s “regionalization” plan includes shipping products from warehouses closest to its customers rather than from warehouses located in different parts of the country.

To do so, Amazon uses AI to analyze data and patterns to determine where demand for specific products is. This allows us to store those products in a nearby warehouse and reduce delivery time.

A screen displaying the logo of ChatGPT, a conversational artificial intelligence application software developed by Microsoft and OpenAI.

Lionel Bonaventura | AFP | Getty Images

Microsoft is putting its $13 billion investment in OpenAI to good use. The tech giant announced in March that a new set of AI features called Copilot would be added to its Microsoft 365 software, including popular apps like Excel, PowerPoint and Word.

When using Word, for example, Copilot “allows you to create first drafts to edit and iterate, saving you hours of writing, sourcing, and editing,” Microsoft says. However, Microsoft admits that this kind of AI software can produce inaccurate responses, warning that “sometimes Copilot is right and sometimes it is beneficially wrong.”

Brain Corp.’s Auto-C autonomous floor cleaner cleans the aisles of Walmart stores. Last October, Sam’s Club completed the installation of approximately 600 specialty scrubbers with inventory scanning towers in partnership with Brain Corp.

Source: Walmart

Walmart is using AI to ensure that shelves in nearly 4,700 stores and 600 Sam’s Clubs are stocked with your favorite products. One such tool is an automatic floor washer.

A robotic scrubber cleans Sam’s Club aisles while simultaneously capturing images of all items in the store to monitor inventory levels. An inventory intelligence tower installed in the scrubber takes over 20 million photos of the shelves every day.

Anshu Bhardwaj, Walmart’s senior vice president of technology strategy and merchandising, told CNBC in March that the company is targeting brands. The algorithm was trained to tell the difference and determine the amount of items on the shelf with more than 95% accuracy. . She also said that when a product runs low, an alert will be sent to automatically replenish the inventory room.

Customers wait at the drive-thru outside the Wendy’s Company restaurant in El Sobrante, California, USA

Bloomberg | Bloomberg | Getty Images

In the near future, an AI chatbot might take your order when you stop by a Wendy’s drive-thru.

Wendy’s CEO Todd Pennegor told CNBC last week that the fast-food chain has partnered with Google to develop an AI chatbot designed specifically for drive-through orders. The purpose of the new feature is to expedite ordering at the speaker box, which is the “slowest point in the ordering process,” he said.

Wendy’s plans to test the first pilot of Wendy’s FreshAI in June at its restaurants in the Columbus, Ohio area, according to a May press release.

Leveraging Google Cloud’s generative AI and large language models, it will be able to converse with customers, understand bespoke requests and generate answers to frequently asked questions, according to a company statement.

Don’t Miss: Do you want to be smarter and more successful in money, work and life? Sign up for our new newsletter.

Get CNBC’s free report. 11 ways to tell if there’s a recession, Here, Kelly Evans reviews the key indicators that a recession is approaching or has already begun.

check out: Mark Cuban Says The Potential Impact Of AI Tools Like ChatGPT ‘Beyond What We’ve Seen In The Tech World So Far’



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *