Category: Retail Technology

TikTok adds AI tool to animate photos with realistic effects

TikTok Introduces AI Alive Tool to Animate Photos with Realistic Effects TikTok, the popular social media platform known for its short-form videos, has once again made waves in the tech world with its latest feature. The introduction of AI Alive has revolutionized the way users can interact with their photos, bringing them to life in […]

Morrisons tests Tally robots amid job cut fears

Morrisons Trials AI-Powered Tally Robots to Enhance In-Store Operations In a bid to revolutionize its in-store operations, Morrisons, one of the leading supermarket chains in the UK, has taken a significant step forward by trialling AI-powered Tally robots. These innovative robots are designed to monitor shelves and stock levels across three selected stores, marking a […]

How to Responsibly Integrate Generative AI into the E-Commerce Value Chain

How to Responsibly Integrate Generative AI into the E-Commerce Value Chain The integration of artificial intelligence (AI) into various industries has been rapidly reshaping the way businesses operate. In the realm of e-commerce, generative AI is poised to revolutionize the sector by enabling personalized shopping experiences, efficient inventory management, and targeted marketing strategies. However, as […]

Rise of the robots: Matt Casella on the future of robots in hospitality

Rise of the robots: Matt Casella on the future of robots in hospitality In this episode of Lexicon, we sat down with Matt Casella, President of Richtech Robotics, to discuss the exciting and rapidly evolving role of robots in the hospitality industry. With advancements in technology reshaping various sectors, it’s no surprise that robots are […]

Recycling dead EV batteries to 90% health often takes just minor replacement: Study

Recycling Dead EV Batteries to 90% Health Often Takes Just Minor Replacement: Study A new industry report is challenging prevailing narratives around electric vehicle (EV) battery longevity and sustainability. The study reveals that recycling dead EV batteries can restore them to up to 90% of their original health with just minor replacements. This groundbreaking finding […]

LockBit ransomware Bitcoin addresses exposed

LockBit Ransomware Bitcoin Addresses Exposed: A Critical Blow to Cybercriminals In a recent cyberattack that sent shockwaves through the digital world, hackers successfully breached LockBit’s backend, causing a ripple effect that exposed thousands of Bitcoin addresses linked to the notorious ransomware group. This breach not only unveiled the intricate financial structure of the cybercriminals but […]

Mistral AI unveils enterprise tools to rival Big Tech

Mistral AI Unveils Enterprise Tools to Rival Big Tech In the realm of artificial intelligence, Mistral AI is making waves by introducing two innovative products: Medium 3 and Le Chat Enterprise. These cutting-edge tools are poised to disrupt the market and provide businesses with practical AI solutions that can rival those offered by Big Tech […]

AI adoption soars in the UK but skills gap looms

AI Adoption Soars in the UK but Skills Gap Looms Artificial Intelligence (AI) has become a game-changer for businesses across the globe, and the United Kingdom is no exception. In recent years, AI adoption in the UK has skyrocketed, with companies leveraging this technology to drive innovation, boost efficiency, and ultimately increase revenue. However, as […]

Piaggio’s Gitamini cargo-carrying robot gets a Star Wars-inspired facelift

Piaggio’s Gitamini cargo-carrying robot gets a Star Wars-inspired facelift Piaggio Fast Forward (PFF), a subsidiary of the Vespa-maker Piaggio Group, has teamed up with renowned industrial designer Greg Lynn to give their innovative cargo-carrying robot, Gitamini, a futuristic makeover straight out of a Star Wars movie. This collaboration represents a perfect blend of cutting-edge technology […]

Amazon Forecasts Quarterly Revenue Largely Above Estimates

Amazon Forecasts Quarterly Revenue Largely Above Estimates Amazon.com, the e-commerce giant, has once again surpassed expectations by forecasting second-quarter revenue above Wall Street estimates. The company expects net sales to fall between $159 billion and $164 billion, showcasing its resilience and continued growth despite the challenges posed by the global pandemic. This optimistic forecast comes […]

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