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BingoBox's AI-powered convenience store raises $14.7M in funding

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BingoBox, a Chinese chain of artificial intelligence-powered, self-service convenience stores, has raised over 100 million yuan ($14.7 million) in its first round of funding, led by technology investment firm GGV Capital, according to a report by Sixth Tone. Powered by AI and other innovative technologies, the self-service convenience stores aim to reduce costs on staff. The retail stores are slowly expanding in big cities across China, drawing the attention of both customers and investors in the process. BingBox partnered with French retail firm Auchan to launch trial operations in Zhongshan, Guangdong province in August 2016, before opening its first store in Shanghai in June. "We are optimistic about opportunities in the retail industry, and especially about the BingoBox team," said Eric Xu, a managing partner at GGV Capital.


Why Alexa is a big deal? – Ravi Katragadda – Medium

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The little Echo Dot sitting calmly next to my bed never ceases to surprise the futurist in me. I use it for mundane daily tasks like setting alarms and not so mundane tasks like ten minute meditations and listening to the sounds of a babbling brook while easing in to a deep sleep. Its a very interesting product and I wanted to dig deeper and analyze its strategic value to Amazon and explore how transformative it could be to our daily lives. In this essay I hope to present my analysis with some facts, assumptions and hypotheses. To understand why Alexa is such a big deal its important for us to dive deep in to Amazon's core revenue drivers and its overall business model.


Candy Crush Addicts Get New Outlet as Video Game Comes to TV

U.S. News

There's a huge expectation from the audience of what this show should be, because hundreds of millions of people play the game,


The Growth of Artificial Intelligence in Ecommerce (Infographic)

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Apply now to be an Entrepreneur 360 company. Let us tell the world your success story. From creating personalized shopping experiences to offering virtual buying assistants -- AI is improving the online shopping experience for consumers and retailers. Shoppers will be able to easily find the best price for an item and communicate with chatbots for quick customer service. For retailers, they'll be able to better analyze consumer data to predict future buying patterns, create autonomous replenishing systems and also save money and time on customer service by utilizing chatbots.


Will Machine Learning Disrupt the Marketing Industry?

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As the digital era spreads its influence, emerging innovations will disrupt the way different industries operate. In the field of marketing, strategies already consistently transform to meet evolved consumer preferences. Traditionally, consumers were pulled to a physical shopping space using shelving placement tricks, point-of-purchase signage and more, but today's products show their plumage based on the data received and analyzed by various businesses online, that determine how consumers navigate through these online shopping centers. With the Big Data Revolution, the processes involved in making sense of such data become even more complex. The dawn of artificial intelligence (AI) and machine learning will trivialize these challenges and make pinpointing individual preferences effortless. From algorithms to chat bots, how can these technologies enhance marketing performance now?


Flipboard on Flipboard

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Whether customers feel good or bad about their experiences is ultimately underpinned by their emotions. This doesn't matter what context they are in -- every interaction is emotional. As consumers, our shopping experiences mean quite a lot to us. If we stand in ridiculously big queues or receive terrible customer service, we are most likely to stay far away from or never return to that store. On the other hand, however, if we are delighted with the store's customer service, the product range or even the floor layout, we are most likely to continuously purchase and build a relationship with the brand.


How Predictive AI Will Change Shopping

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Imagine you're about to leave the house to pick up your kids. As you grab your keys, you hear a voice from the device on your coffee table: "It looks like you'll use the last of your milk tomorrow, and yogurt is on sale for $1.19. Would you like to pick up an order from Trader Joe's, for a total of $5.35?" You say yes, and Alexa confirms. The order will be ready for curbside pickup, on the way home from your kids' school, in 15 minutes.


Amazon and Dish Network: A Match in the Making?

WSJ.com: WSJD - Technology

For years Dish Network Corp. DISH 1.00% Chief Executive Charlie Ergen has sought out deals and partnerships with just about every major telecom company, from Sprint Corp. S -2.31% to T-Mobile US Inc. TMUS -0.83% to AT&T Inc. --so far, to no avail. Now, the satellite-television mogul is turning his attention to the technology world and a new--and somewhat surprising--potential partner has emerged: Amazon.com The two men--eccentric billionaires with geek tendencies and shared interest in space and robotics--have gotten to know each other better over the past year and have discussed a partnership to enter the wireless business, according to people familiar with the matter. Among the ideas: Amazon could help finance a network Dish is building focused on the "Internet of Things"--the idea that everything from bikes to Amazon's drones can have web connectivity everywhere. Another idea is that Amazon, as a founding partner of Dish's new wireless network, could offer an option for Prime members to pay a little more a month for a connectivity or phone plan, one of the people said.


Amazon Prime Day 2017: When is it? Where are the best deals? And how not to get duped

The Independent - Tech

Amazon Prime Day 2017 is set to take place next week, with the promise of price reductions on thousands of products for a limited period of time. The company calls it "one of the world's best days to shop", and it's seen by many as an ideal opportunity to get the Christmas shopping done early. This will be the company's third Prime Day. Here's what you need to know before it kicks off. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph.


Deep Learning with Keras: Introduction to Deep Learning with Keras: 9781548585792: Computer Science Books @ Amazon.com

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This book is really great book, Deep neural networks may include a few fundamental approaches. Each deep learning model can be successful in certain domains, but the comparison between models isn't always possible unless the models have been estimated on the same data collection. Deep neural networks are feed forward meaning that data is transferred from the input to output once, without looping back.