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Exclusive: Standard AI shifts focus to computer vision analytics for retailers, now valued at $1.5 billion
Standard AI shifts focus from autonomous checkout to AI-powered vision analytics, aiming to help retailers gain actionable insights into shopper behavior, optimize store performance, and drive immediate ROI while protecting customer privacy.
Standard AI, a San Francisco-based artificial intelligence company, announced today that it is pivoting from its original focus on autonomous checkout systems to providing computer vision analytics solutions for retailers. The company says its new suite of products will help retailers gain valuable insights into shopper behavior, optimize merchandising strategies, reduce out-of-stock items, and prevent loss — all without using facial recognition or collecting personally identifiable information. “What we found is that by addressing specific challenges like analyzing shopper interactions and monitoring stock levels, retailers and brands could reach ROI and get immediate returns on their investment,” said Standard AI CEO Angie Westbrook in an exclusive interview with VentureBeat.
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