AI potpourri: Reading, investing, diagnosis, and retail
AI is taking a bigger role in investing. Large fund management companies like Fidelity and Vanguard say they use AI for a range of purposes.
While some people see huge potential in AI as an investment advisor, there are others who think that it cannot be relied on for heaving cognitive decision-making. The following is a quote from a portfolio manager.
AI models designed by Alibaba and Microsoft have surpassed humans in reading comprehension, which demonstrates that AI has the potential to understand and process the meaning of words with the same fluidity as humans. But there is still a long way to go. Specifically, adding meaningless text into the passages, which a human would easily ignore, tended to confuse the AI.
The retail industry is also starting to rely on AI to shape the way people shop.
- Digital-price displays at grocery stores (e.g., Kroger) now allow retailers to make changes to their prices in one go.
- Digital mirrors are used by retailers such as Sephora and Neiman Marcus to allow shoppers to get feedback on makeup and other items.
- Robotic shopping carts can now import your shopping list, guide you to each item in the store, help you to check out, follow you to your car for unloading groceries, and find its way back to a docking station.
- Technology is being used by companies like Stitch Fix and American Eagle to recommend outfits to their customers.
- Robots are being used in stores to keep shelves well stocked to help shoppers find what they are looking for.