Walmart showcases the potential of AI
09 May 2023
Walmart has deployed an AI system to negotiate prices with its suppliers. In doing so, the company highlights the important role such systems can already play.
By integrating AI into a critical business function, Walmart is demonstrating all the potential of the new AI wave: complementary with human workers, able to accomplish tasks that would previously have been economically not feasible, and financially profitable through both its direct impact and the implied productivity gains. We believe the number of use cases will only increase with time as the technology matures, leading to a once-in-a-lifetime tailwind for entire industries.
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