From Bloomberg this afternoon, article here.

“As ChatGPT dazzles the general public with fanciful uses of artificial intelligence, such as writing Hollywood scripts or opining on fantasy baseball and art theory, Walmart Inc. is leaning on AI for a more pragmatic purpose: bargaining with suppliers….”

“Artificial intelligence isn’t a threat to Walmart’s human negotiators, at least not yet. Instead the company is using the tool to squeeze savings from contracts that might not be big enough to justify taking up much—if any—of a procurement manager’s time. Pactum’s software can haggle over a wide range of sticking points, including discounts…

Continue Reading “Walmart Is Using AI to Negotiate the Best Price With Some Vendors”