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Walmart acquires virtual clothing try-on startup Zeekit

TechCrunch

The company leverages a combination of real-time image processing, computer vision, deep learning and other AI technology to show shoppers how they would look in an item by way of a simulation that takes into account body dimensions, fit, size and even the fabric of the garment itself. EVP of Apparel and Private Brands, in an announcement.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

Fashion 192
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Dipp uses AI to fix bottlenecks between marketing and design teams

TechCrunch

During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Before founding dipp , Jennifer Chen and Mikhail Abramov spent 15 years working as art directors in New York City.

Marketing 227
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Announcing the startups and judges onstage at TC Sessions: Mobility 2022

TechCrunch

Koop Technologies (Pittsburgh, PA, USA) — Presenter: Sergey Litvinenko, co-Founder and CEO. “Koop Technologies is an insurance platform for autonomous vehicles and robotics. Before SAIC, she led the Corporate Venture Group at Maxim Integrated, where she led multiple strategic technology acquisitions and venture investments.

Mobile 190
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. The Mastercard’s pilot biometric technology , on the other hand, if widely adopted, would require more intensive widespread hardware and software updates. million this year and 94.4

Industry 110
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Why Adopting New Technologies like AR and VR are Essential for Your Business?

Trigent

In that case, it is essential to understand why companies consider adopting new technologies or digital transformations like Augmented Reality (AR) and Virtual Reality (VR) to meet customer needs. This technology has entered various fields of business and offered a changing aspect. As of 2023, there are 65.9 million VR users and 110.1

VR 52
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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

For this article, we discussed current and potential applications of AI in retail, as well as the state of the industry in general, including factors that drive adoption of cognitive technologies. However, the cashierless store concept has been under pressure in the US due to a backlash against cashless systems. percent of U.S.