Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Apple Turns 50: From Garage Startup to AI Crossroads 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
China vs. NASA: The New Moon Race and What's at Stake by 2030 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Amazon Inc. stopped using its “Just Walk Out” technology, and it has removed it from stores it owns, such as its Amazon Fresh Groceries. While the company ditched this cashierless innovation, it would like to sell or license the system to other retail stores.
Amazon removed the “Just Walk Out” technology from its retail outlets but will still keep it for other business ventures. The company rather decided to offer it to other retailers via sales or licensing arrangements.
Targeting Third-Party Stores
As per Reuters, Amazon said on Wednesday, April 17, that it is planning to bring its cashierless shopping technology to third-party store brands this year. The e-commerce and tech giant added that even if it reduced the use of “Just Walk Out” on its own, others may benefit from the technology instead.
Offering the said innovation to others will allow the company to continue benefitting from its cashierless shopping innovation since sales of licensing will bring in new profits. Amazon revealed that around 140 stores are using the “Just Walk Out” cashierless checkout system, and it is looking to double this number in 2024.
“For us, really making sure that we can service that third-party market is the most important thing,” Associated Press News quoted Amazon’s Just Walk Out vice president, Jon Jenkins, as saying in an interview. “We have definitely been reassuring people that we are in this for the long haul.”
What is a Cashierless Shopping Checkout
Amazon’s Just Walk Out uses a combination of artificial intelligence, cameras, and sensor trackers to see items being taken off of shelves. After shopping, customers may leave the store by simply inserting their credit card at the exit. Other payment methods are also available at the checkout.
Amazon first introduced this technology in 2018 and offered it to other businesses, such as sports stadiums. However, the company began using the system in its stores only in 2020, starting with the Amazon Go convenience stores.
Photo by: Amazon Press Center
