Beyond the Tech Giants: 35 Non-Tech AI Opportunities

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2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 95 

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. The company is not the first name that pops into mind when investors think of generative AI, yet the retailer has been using GenAI to improve customer experiences and manage inventory more effectively. The company, during the latest earnings call, highlighted that it had deployed multiple large language models (LLMs) to improve over 850 million pieces of data associated with the product catalog. This task is worth mentioning because it would have required nearly 100 times the current headcount if it had to be completed in the same amount of time manually.

With the help of AI, Walmart Inc. (NYSE:WMT) has also improved the cross-category search in the ecommerce side of the business, helping the firm improve impulse buy numbers. In addition, reports indicate that the retailer is working on the deployment of a new virtual assistant in the online store that would be trained to answer questions using natural language. With the defensive weight the stock carries, there are few better investments in the AI universe.

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