E-commerce and cloud computing giant Amazon (NASDAQ:AMZN) plans to phase out an artificial intelligence (AI)-based checkout technology called “Just Walk Out” from its fresh grocery stores. information report. The technology relies on generative AI, cameras, and sensors. It was introduced to revolutionize the shopping experience by eliminating traditional checkout lines and seamlessly billing customers without the need for a cashier.
Amazon Fresh stores will replace “Just Walk Out” with a Dash Cart that allows customers to scan items directly in their cart while shopping. This system is in operation at some Fresh stores. Dash Cart streamlines the checkout process and allows shoppers to avoid interactions with cashiers.around wall street journal Amazon operates 44 Fresh stores across the U.S., 27 of which have “Just Walk Out” technology, according to the report.
The exact reason for Amazon’s decision to move away from this technology has not yet been revealed. However, the challenges of implementing cutting-edge solutions in brick-and-mortar stores are becoming clearer, especially amid concerns about inventory depletion and theft. especially, WSJ The report was published by discount store operating company Five Below (Nasdaq:Five) is also reducing self-checkout options to prevent theft.
What are your predictions for Amazon stock?
Amazon’s stock has risen more than 76% in a year, reflecting its efforts to provide convenience to shoppers, improve delivery speeds, reduce costs and leverage AI. Despite the strong rally in AMZN stock, analysts remain optimistic about the company’s prospects, citing the company’s leadership in e-commerce and cloud computing, and aggressive investments in AI. .
Amazon stock has a consensus rating of Strong Buy, with 41 unanimous buy recommendations. Analysts’ average price target for AMZN of $209.89 suggests upside potential of 16.16%.
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