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AI’s retail threat: ‘You’ll never go to Amazon” says Bill Gates

Inside Retail

Bill Gates, Microsoft Corp’s co-founder, says the technology race to win is the development of the top artificially intelligent agent, poised to disrupt search-engine, productivity and online shopping sites. “You’ll never go to a search site again,” he said. “You’ll never go to Amazon.”

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Pinterest Engages with Banana Republic for ‘Wedding Week’ Programming

Retail TouchPoints

Wedding season is in full swing, and searches on Pinterest for “wedding guest outfit inspiration” are up a whopping 3,800% year-over-year. To capitalize on the moment, Pinterest has teamed up with Banana Republic as its exclusive partner for a “Wedding Week” programming event.

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The Next AI-Fueled Challenger to Google: Perplexity.ai

LS Retail

Perplexity, a startup going after Google’s dominant position in web search , has won backing from Jeff Bezos and venture capitalists betting that artificial intelligence will upend the way people find information online. The company’s product, which it calls an answer engine, is used by about 10 million people monthly.

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Wayfair to Add 1,000 New Hires to Engineering Team

Retail TouchPoints

Online home décor and furniture retailer Wayfair plans to open three new engineering sites, in the San Francisco Bay Area, Austin, Texas and Toronto, hiring approximately 1,000 technologists globally over the next year. Wayfair currently employs more than 3,000 engineers and data scientists.

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Nordstrom to Open Tonal Exercise Demo Spaces Inside 40 Stores

Retail TouchPoints

The store rollouts will begin in March 2021 and will include Nordstrom flagship stores in Seattle, Los Angeles, San Francisco, Chicago and Dallas. The site lets shoppers search for active brands by activity or category, and provides fitness and wellness advice to help them maintain healthy lifestyles.

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With SHEIN Exchange Launch, Retailer Uses Resale to Mend its Wasteful Fast Fashion Ways

Retail TouchPoints

In June 2022, ThredUP responded to a SHEIN pop-up in San Francisco by offering Bay Area customers 40% off their first ThredUP purchase and free shipping if they pledged not to shop the SHEIN pop-up event.

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What Amazon’s AI search tool Rufus means for marketplace sellers

Inside Retail

The FTC accused Amazon of “biasing Amazon’s search results to preference Amazon’s own products over ones that Amazon knows are of better quality.” Amazon.com search results included nine sponsored listings on average, a study by Profitero from 2020 to 2021 found, twice the amount as Walmart and four times that of Target.