Artificial Intelligence Is Coming For Your Living Room: Here's The Public Company Leading The Charge
Portfolio Pulse from Chris Katje
Wayfair Inc (NYSE:W) has launched a new generative artificial intelligence platform called Decorify. The platform creates shoppable and photorealistic images using generative AI, allowing customers to visualize Wayfair products in their homes. The tool is free and could potentially increase sales for the company. Wayfair's shares closed down 0.95% to $68.72 on Tuesday, but are up 110% year-to-date in 2023.
July 25, 2023 | 8:47 pm
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Wayfair's new AI platform Decorify could potentially increase sales, positively impacting the company's stock. Despite a recent 0.95% drop, Wayfair's shares are up 110% YTD in 2023.
The launch of Decorify, a new AI platform, could potentially increase Wayfair's sales by allowing customers to visualize products in their homes. This could lead to a positive impact on the company's stock. Despite a recent drop, Wayfair's shares have performed well this year, with a 110% increase YTD.
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IMPORTANCE 80
RELEVANCE 100