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The supermarket giant set take AI technology to an all new level

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One of Australia’s biggest supermarket chains are about to take A-i Technology to an all new level.

Coles is set to transform the way it replenishes stocks of fresh produce in more than 850 stores with the help of a new cloud-based platform.

The supermarket giant has revealed it’s struck a deal, partnering up with partnered RELEX Solutions, the provider of unified retail planning solutions, to optimise their end-to-end supply chain planning for fresh produce categories as well as their long-term inventory planning capabilities.

It works by using artificial intelligence algorithms to forecast demand based on a number of variables.

The technology also helps to reduce waste and uses automation to reduce the need for manual efforts.

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The big questions about Facebook’s new VR ads

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Advertising is meeting a whole new dimension.

Facebook is trialling ads in its Oculus virtual reality headsets, after years of speculation it would do so.

The tech giant will now start appearing ads inside the Resolution Games title Blaston as well as two other unnamed apps.

This is despite the founder of the platform saying it would never do so.

Facebook will later expand the system based on user feedback, saying it aims to create a “self-sustaining platform” for VR development.

It said it would listen to feedback before launching virtual reality ads more widely and will continue testing new ad formats “that are unique to VR”.

Oculus says “We’re exploring new ways for developers to generate revenue – this is a key part of ensuring we’re creating a self-sustaining platform”

Currently, Facebook’s collected data either never leave your headset or is completely segmented from its advertising system, and it says it has “no plans” to do things like target ads based on movement data.

But as Facebook moves deeper into virtual and augmented reality, using its hardware’s special features for advertising will become an increasingly attractive prospect.

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Facebook takes advertising to new dimensions with VR ad trials

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VR ads

Facebook is testing VR ads inside its Oculus Quest virtual reality headset system

Facebook founder Mark Zuckerberg is breaking his previous promise that VR Oculus Quest apps will remain ad-free.

The company is describing the ad roll-out as an ‘experiment’. The ads are already appearing in a game called Balston, with other developers rolling out similar ads.

Facebook says it will listen to feedback before launching the virtual reality ads more widely, and will continue testing new ad formats “that are unique to VR”.

Oculus says “We’re exploring new ways for developers to generate revenue – this is a key part of ensuring we’re creating a self-sustaining platform”.

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TikTok creator dances to revenue doubling

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ByteDance certainly has something to dance about… its increased its revenues 111 per cent last year to $34bn.

Earnings doubled

ByteDance is the Chinese company behind the smash-hit video app TikTok.. and its revenue jumped by one hundred and eleven per cent to 34.3 billion dollars fin 2020.

This shows TikTok’s global popularity and dominating presence in the world of social media.

It comes as ByteDance and several other Chinese technology giants have come under increasing pressure from governments around the world.

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ByteDance also saw its annual gross profit rise by 93 per cent to to $19bn dollars.

Bytedance’s performance by the numbers

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