- Posted by Emily
- On 18th March 2019
NBC News has reported on how new developments in AI could help retailers tackle the problem of shoplifting.
Shoplifting continues to be a huge problem around the world, costing retailers billions of dollars a year in the United States alone. But a Japanese startup has developed artificial intelligence software that it says can catch shoplifters in the act — and alert staff members so they can swoop in to prevent pilferage.
The system isn’t yet available in the U.S., but the Tokyo-based company behind it, Vaak, says tests in local convenience storesshowed the system slashed shoplifting losses by 77 percent.