VentureBeat May 24, 2023
This article is part of a VB Lab Insights series on AI sponsored by Microsoft and Nvidia. Don’t miss additional articles providing new insights, trends and analysis on how AI is transforming organizations and industries. Find them all here.
Retail cannot get enough of AI. Analysts say the sector’s spending in 2023 will outpace all others except banking. A 40% adoption rate is projected to double by 2025, making retail the industry most heavily invested in intelligent technology.
Companies are turning to AI to handle a long list of challenges that would keep any business leader awake at night: brick and mortar revenues impacted by consumer behavior changes, worsening shortages of staff and rising labor costs, supply chain disruptions, heavy...