As the music industry struggles with AI’s role in the creative and copyright process, it looks like the retail industry might be ready to welcome artificial intelligence with open arms. Walmart is apparently using AI to bargain with suppliers for the best prices on some of its necessities—and the suppliers seem to love it.
According to a report from Bloomberg, the retail giant has been using a chatbot developed by California-based Pactum Inc., a company that specializes in autonomous negotiation software. Walmart can tell the software the products it needs and the budget it has, and the Pactum AI will communicate with human sellers to get Walmart the best deal. Bloomberg likens the Pactum software to ChatGPT, the viral AI chatbot from OpenAI that was released last fall, and as the outlet details, Walmart’s experience with the Pactum AI is going swimmingly.
Full story at Gizmodo.
