🛒 Future of Retail With Autonomous Checkout
Standard Cognition - utilizing AI and computer vision to transform the retail space
Today's Highlights
- Standard Cognition - revolutionizing the retail industry
- Learn - a couple of courses to further your knowledge in AI/Machine Learning
- In Other News - a few interesting developments we're tracking.
Standard Cognition - revolutionizing the retail industry
With its cutting-edge technologies, San Francisco-based Standard Cognition Corp is redefining the shopping experience. The startup uses artificial intelligence (AI) and computer vision to provide merchants with autonomous checkout solutions, improving consumer experience and increasing operational efficiency.
The goal of Standard Cognition is to make shopping more enjoyable. Their goal is to eliminate the inconvenient aspects of traditional checkout systems, which can include long lineups and complicated payment processes. The autonomous checkout technology from Standard Cognition efficiently eliminates these pain spots, allowing customers to simply walk in, get what they need, and leave - all without stopping at a checkout station.
The autonomous checkout system from Standard Cognition employs a combination of AI, machine learning, and computer vision. When a consumer walks into a business that has their system, overhead cameras follow their movements, identify things picked up or returned, and finally tally the merchandise for payment. Moreover, the technology anonymizes consumer data, protecting privacy.
Standard Cognition continues to set the standard for autonomous checkout. They intend to develop their technology by improving recognition and tracking capabilities, especially in busy environments, and to expand the scope of their activities. In a world where convenience reigns supreme, this technology's usage is projected to rise, putting Standard Cognition at the forefront of the retail revolution.
The company was founded in 2017 by a team of AI and machine learning engineers, led by CEO Jordan Fisher. To date, they have raised $239.8 million.
📚 Learn
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IBM
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University of Pennsylvania
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In Other News
Md Aminul Islam
Dr. Ernesto Lee
Michael Wolf