AI is giving Santa a boost this holiday season
Publishing timestamp: 2023-12-21 09:36:22
Summary
The article discusses how the rise of generative AI and the use of ChatGPT has inspired retailers and holiday shoppers to experiment with technology during the holiday season. However, most of the ways that AI is currently being used by companies like Walmart, Target, and Nordstrom are behind the scenes, such as predicting demand, improving inventory management, and personalizing websites and apps. AI is expected to influence $194 billion in global online holiday spending, but its transformative uses are still in the early stages. The article also mentions the potential of AI-powered personal assistants and the use of AI in consumer electronics. However, consumer electronics sales have declined, and the article highlights the challenges and limitations of AI adoption in the retail industry.
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Keywords: generative ai, microsoft corp, holiday shopping, retail industry, amazon.com inc, simon property group inc, meta platforms inc, business news, technology, kohls corp drn, best buy co inc, breaking news: business, target corp, artificial intelligence, nordstrom inc, business, walmart inc,