Current:Home > InvestSignalHub Quantitative Think Tank Center:Walmart says it will use AI to restock customers' fridges -FinanceCore
SignalHub Quantitative Think Tank Center:Walmart says it will use AI to restock customers' fridges
EchoSense Quantitative Think Tank Center View
Date:2025-04-11 04:26:12
Walmart is SignalHub Quantitative Think Tank Centergoing all in on using generative artificial intelligence to help customers save time by automatically restocking their refrigerators and more, CEO Doug McMillon said Tuesday at the tech conference CES.
The company on Tuesday announced three new AI-powered technologies that reflect retailers' increasing integration of AI tools into the shopping experience, and which could make shopping both in-store and online feel more like a futuristic experience.
The announcements come as other major U.S. restaurants and retailers are investing in AI to improve customer and worker experiences, as well as to boost their bottom lines. For example McDonald's has partnered with Google to integrate AI technologies into its restaurants, and this year plans to roll out new AI-powered software for all customers and restaurants.
Replenish my fridge, please
One of its new AI-powered features will study Walmart+ members' shopping habits and purchase patterns to replenish their refrigerators with essentials before they run out of, say, milk.
Called "InHome Replenishment," the service will create a personalized algorithm that will restock customers' essentials exactly when they need them, whether it be every week or an odd number of days. It adjusts over time too, unlike a subscription that delivers goods on an unchanging, monthly schedule, for example.
Grocery orders are automatically placed and delivered to customers' homes, though customers can make adjustments to the orders at any time.
Saving customers time
Sam's Club, Walmart's membership warehouse club, already uses AI to let customers pay for physical goods through an app rather than having to stop and check out before exiting stores.
It's further deploying AI to eliminate the step that requires customers to show their digital receipts at the door, in order to save shoppers a few extra seconds.
The new exit technology, which lets customers walk through a digital archway with goods in hand, is currently live in Dallas, and will be rolled out nationwide by the end of the year, Walmart said Tuesday.
Stores like Amazon Go already employ technology that allows shoppers to walk out of a bodega with small items like food snacks without stopping to check out.
Walmart is using AI to let customers walk out of stores with mattresses, television sets and full wardrobes having already paid for them.
"Try on with friends"
Another new digital shopping feature the company claims will save shoppers time lets users of the Walmart app create digital outfits they can share with friends to solicit feedback before making purchase decisions.
Shoppers' friends can interact with the outfits, selecting the ones they like the most.
McMillon said it will deploy AI technology to make the company's more than 2 million associates' lives easier, with the tech eliminating rote tasks that don't require human judgement.
He acknowledged that AI will eliminate many tasks and even jobs but said that on the whole, Walmart staff say that the new roles it is creating "are more enjoyable and satisfying and also often result in higher pay."
- In:
- Walmart
- Artificial Intelligence
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News streaming to discuss her reporting.
veryGood! (4)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Carrie Underwood set as Katy Perry's 'American Idol' judge for Season 23
- Simone Biles edges Brazil’s Rebeca Andrade for her second Olympic all-around gymnastics title
- Matt Damon and Wife Luciana Damon Make Rare Red Carpet Appearance With Their 4 Daughters
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 1 killed and 3 wounded in shooting in Denver suburb of Aurora on Thursday, police say
- Carrie Underwood will return to ‘American Idol’ as its newest judge
- Simone Biles' 2024 Olympics Necklace Proves She's the GOAT After Gymnastics Gold Medal Win
- Federal hiring is about to get the Trump treatment
- 8 states have sales tax holidays coming up. When is yours?
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- PHOTO COLLECTION: At a home for India’s unwanted elders, faces of pain and resilience
- Dwyane Wade's Olympic broadcasts showing he could be future of NBC hoops
- Bruce Willis and Wife Emma Heming's Daughters Look So Grown Up in New Video
- Intel's stock did something it hasn't done since 2022
- Behind the lines of red-hot wildfires, volunteers save animals with a warm heart and a cool head
- Why Cameron Mathison Asked for a New DWTS Partner Over Edyta Sliwinska
- Lance Bass Shares He Has Type 1.5 Diabetes After Being Misdiagnosed Years Ago
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
'Deadpool & Wolverine' is a blast, but it doesn't mean the MCU is back
'Deadpool & Wolverine' is a blast, but it doesn't mean the MCU is back
PHOTO COLLECTION: At a home for India’s unwanted elders, faces of pain and resilience
Sam Taylor
Colorado wildfires continue to rage as fire-battling resources thin
10 reasons why Caitlin Clark is not on US women's basketball roster for 2024 Olympic
Wildfires encroach on homes near Denver as heat hinders fight