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Amazon Is Trying to License Its Cashierless Technology to Some Retail Giants [The Motley Fool]
Last walmart inc. earnings: 2/18 06:00 am
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News broke last week that Amazon ( NASDAQ:AMZN Walmart NYSE:WMT Target NYSE:TGT What is Amazon Go? Amazon Go is the company's physical retail store concept that utilizes various technologies like cameras, computer vision, deep learning algorithms, sensor fusion, and others to create a unique shopping experience. The first several Amazon Go stores were small convenience stores. To gain access to the stores, customers scan the Amazon Go app on their smartphones on the turnstile sensor. From there, they can shop as they normally would, grabbing anything off the shelves. Instead of going to a checkout counter and waiting in line, though, they simply walk out. The technology hidden in the ceilings, shelves, and elsewhere knows exactly what the customer took, charges the person's Amazon account, and emails the invoice moments later. There are now 6 Amazon Go stores around the U.S., including its first larger-scale grocery store Image source: Amazon. Amazon has options for implementing Go se
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