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Thursday, December 14, 2017

Grocery Startup Uses AI

Artificial Intelligence is drawing attention for its potential and its pitfalls. Tesla founder Elon Musk recently called for greater regulation of AI robotics due to its “public risk.” ...

CGTN’s Mark Niu reports from San Francisco about a startup using AI to better serve their business.
Going head to head with giants like AmazonFresh Grocery and big name supermarkets, Farmstead is a new Silicon Valley startup that deliveries groceries. From what it calls micro hubs, Farmstead tracks locally sourced products every step of the way as they’re delivered to homes in San Francisco within one hour of ordering. Farmstead’s secret recipe is AI.

“Artificial intelligence plays a massive role. We take into account all of our customers buying patterns to date. To help us predict exactly how much product to order for every particular item that we carry. We waste a lot less, and as a result we can pass those savings along to our customers,” Farmstead Co-founder & CEO Pradeep Elankumaran said.  .... "

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