Walmart's suppliers would rather negotiate with AI than a human

Never mind using AI to write stories -- Walmart is finding it helpful for landing a good bargain. The retailer tells Bloomberg that it's using a chatbot from Pactum AI to automatically negotiate some supplier deals. The technology is not only saving an average of three percent on contracts, but preferable to the vendors. Three out of four suppliers prefer haggling with the AI over a human, Walmart says. Pactum's system just asks Walmart to set its budget and requirements, such as discounts and payment terms.