Top 9 AI News Updates Investors Probably Missed

4. Maplebear Inc. (NASDAQ:CART)

Number of Hedge Fund Holders: 60

Maplebear Inc. (NASDAQ:CART) is an internet retail company that provides online grocery shopping services to households. The company also provides advertising services and software-as-a-service solutions. On March 18, the company introduced Smart Shop, leveraging generative artificial intelligence to enhance shopping experience.

The AI-powered solution is designed to make online grocery shopping seamless and intuitive by analyzing customer habits and dietary preferences. Maplebear Inc.’s (NASDAQ:CART) newest functionalities should allow shoppers to purchase items based on their specific dietary needs and household preferences, making it easier to locate suitable products and make better-informed grocery decisions.  The company also introduced Health Tags, an AI-driven system that provides nutrition information across 500,000 items.

“By combining our new Smart Shop technology, Health Tags and Inspiration Pages, we’re not just improving online grocery shopping – we’re reimagining it, making it seamless to go from intention to action. By customizing your shopping journey to match your personal health goals or fit your dietary restrictions, we can unlock possibilities that weren’t even on the table before,” said Daniel Danker, Chief Product Officer at Instacart.