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Bits & Bytes | Intel Launches Smart Glasses, AI Retail Spending to Reach $7 Billion

This week, Intel makes its first foray into wearables, while retailers are set to spend over $7.3 billion on AI by 2022.
Source: Shutterstock
By
  • Victoria Berezhna

Intel Wants Smart Glasses to Be a Thing (TechCrunch)
"The glasses are called Vaunt and they are nearly indistinguishable from regular glasses. But on the inside of the stems sits a low-powered class one laser, as well as a processor, an accelerometer, a Bluetooth chip and a compass."

Retail Spending on AI to Reach $7.3 Billion by 2022 (Retail Dive)
"In coming years, retailers will spend heavily on AI tools that will enable them to differentiate and improve the services they offer customers. These will include automated marketing platforms that generate tailored, timely offers, and chatbots that provide instant customer service."

How Depop Created a Digital Shopping Revolution (1843 Magazine)
"Twenty-two years after the launch of eBay, an industry has developed around the online resale of clothes. ThredUP, a fashion resale website, estimates the value of the 'recommerce' market, as it is delicately known, at $18 billion in America."

On Road to Autumn IPO, Farfetch Inks Middle East Deal (The Business of Fashion)
"The company has raised over $700 million in funding and is seeking scale as it gears up for an initial public offering, which founder and CEO José Neves has called 'the next financial milestone for the business.'"

JD.Com and Fung Retailing Form AI Partnership (Enterprise Innovation)
"The two companies aim to develop a new retail format for China and Asia. This includes creating an AI-driven retail system that seamlessly integrates online and offline and enhancing consumer experience through solutions such as AI-driven virtual fitting, unmanned stores and smart shopping assistants."

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