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Tech

IKEA launches AI-powered home design creative

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IKEA Australia has introduced IKEA Kreativ, a groundbreaking AI-powered mixed-reality experience aimed at revolutionizing home furnishing design for its customers.

The free application offers a seamless and intuitive platform for individuals to envision and recreate their living spaces like never before.

IKEA Kreativ empowers users to scan their living spaces and effortlessly experiment with different furniture arrangements and décor options.

With the ability to erase existing items and seamlessly integrate IKEA products, customers can explore various styling ideas or start fresh using interactive pre-loaded showrooms, numbering over 50.

Inspiration to design

The immersive design experience provided by IKEA Kreativ enables customers to confidently transition from inspiration to design to purchase, offering a realistic preview of how IKEA furniture and accessories will look, fit, and function within their homes.

Accessed via the IKEA app or online at ikea.com.au, IKEA Kreativ utilizes state-of-the-art visual AI technology, akin to that employed in self-driving cars, to generate lifelike 3D models of real home spaces.

This innovation represents a significant investment by IKEA in digital technologies, further exemplified by its recent acquisition of Geomagical Labs, a Silicon Valley AI company specializing in photorealistic virtual and mixed reality.

Seamless experience

Giovanni Rutigliano, IKEA Australia Digital Manager, emphasized the company’s commitment to providing a seamless omnichannel experience for customers. He stated, “With the addition of Kreativ to the IKEA app, we’re offering our customers the opportunity to confidently design and shop the products straight from their mobile device.”

Christine Gough, IKEA Australia Interior Design Leader, highlighted the democratizing potential of IKEA Kreativ in home design. She expressed, “IKEA Kreativ can really break down barriers to having new ideas, designing, decorating and shopping for home furnishings, where people can feel the magic of the IKEA physical stores, through a virtual space.”

Key features of IKEA Kreativ include the ability to quickly explore design ideas from existing showrooms, scan and replicate one’s own space using the IKEA Kreativ Scene Scanner™, and seamlessly save, share, and purchase design concepts.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Shows

Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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News

How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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