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Will Walmart report a further increase in catalog productivity using generative AI by end of 2024?
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Walmart's official press releases, financial reports, or statements from Walmart executives.
Story
Walmart Boosts Catalog Efficiency with Generative AI, Achieving 100 Times Productivity Amid Fortune 500 Trend
Aug 15, 2024, 02:30 PM
Walmart has significantly leveraged generative AI to enhance its product catalog, achieving a productivity increase of nearly 100 times compared to traditional methods. The company has utilized multiple large language models to create or improve over 850 million pieces of data, a task that would have required a vastly larger workforce without AI. Walmart CEO stated, "We've used multiple LLMs to accurately create or improve over 850,000,000 pieces of data in the catalog." Additionally, Walmart CFO highlighted that "it's about 100 times more productive to use Gen AI versus having people work through each product display page." This initiative is part of a broader trend where Fortune 500 companies are increasingly adopting generative AI to automate processes and improve efficiency.
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