AI News, Walmart experiments with AI to monitor stores in real time
Binance Singapore Launches But Offers Just One Trading Pair, Report
Users of the platform are only able to purchasebitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company’s main exchange.
The Binance Singapore websitesuggests that the service is being offered in conjunction with Xfers, a local payment service that claims to offer acrypto wallet approved by Singaporean regulators.
Three steps are listed for new customers: creating an account with Binance Singapore, linking their Xfers account, and beginning to buy and sell bitcoin as they wish.
Although Binance DEX trading is only going to be available to the public at a later date, a two-month testnet period has reportedly seen 8.5 million transactions run across a simulated trading environment.
Walmart launches 'intelligent' lab in Long Island that uses thousands of cameras to monitor store
Walmart, which faces fierce competition from Amazon and other online retailers, is experimenting with digitizing its physical stores to manage them more efficiently, keep costs under control and make the shopping experience more pleasant. On Thursday, the retail giant will open its Intelligent Retail Lab inside a 50,000-square-foot Neighborhood Market grocery store on Long Island.
Thousands of cameras suspended from the ceiling, combined with other technology like sensors on shelves, will monitor the store in real time so its workers can quickly replenish products or fix other problems.
Walmart hopes to start scaling some of the new technology at other stores in the next six months, with an eye toward lower costs and thus lower prices. As the shopping experience improves, the retailer expects to see higher sales.
'We really like to think of this store as an artificial intelligence factory, a place where we are building these products, experiences, where we are testing and learning,' said Mike Hanrahan, CEO of Walmart's Intelligent Retail Lab and co-founder of Jet.com, purchased by Walmart three years ago.
Hanrahan says the cameras are programmed to focus primarily on the products and shelves right now. They do not recognize faces, determine the ethnicity of a person picking up a product or track the movement of shoppers, he says. Some other companies have recently started experimenting with store shelf cameras that try to guess shoppers' ages, genders and moods.
- On Thursday, December 12, 2019
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