Walmart buys Israel-based start-up Aspectiva. The young company develops machine learning techniques and processing functions using machine learning. How brands manage to be present beyond website and app (ML) and artificial intelligence (AI) for natural language – areas where there is still room for improvement in terms of the shopping experience. Aspectiva has already been integrated into the Walmart-operated Incubator Store N ° 8, but continues to operate in its corporate premises in Tel Aviv.
“Our team is excited to be part of Store N ° 8 and part of Walmart’s recent investment in Israel,” said Ezra Daya, CEO of Aspectiva. Store N ° 8 is the perfect application environment for the Aspectiva technology.
In addition to Aspectiva, Walmart has already invested in the region in Team8, an Israeli think tank and tech incubator. In addition, the retailer is pursuing a joint venture with Eko, an interactive media and technology company with offices in Tel Aviv and New York. In addition, Walmart supports the Israeli start-up community with the technology accelerator The Bridge.
The retail giant Walmart is currently doing well: In the current financial report, the Americans were able to increase their profits thanks to online by a whopping 70 percent compared to the previous year.