Gate News message, April 17 — Shinsegae Group, South Korea’s major retail conglomerate, and U.S. AI company Reflection AI announced on April 17 that they are advancing a comprehensive retail innovation project integrating AI across six core operational areas: product sourcing, ordering, pricing, logistics, inventory management, and customer management.
The two companies signed a memorandum of understanding last month in San Francisco for building and jointly operating an AI data center. Reflection AI CEO Misha Laskin will visit South Korea later this month to meet with Emart, Shinsegae’s flagship retailer, and discuss implementation strategies. The companies expect AI integration to enhance productivity, optimize inventory, and improve customer satisfaction through real-time product availability and dynamic pricing.
To focus resources on the Reflection AI partnership and AI data center development, Shinsegae Group has decided to discontinue discussions with OpenAI on AI collaboration, according to a company statement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gulf Edge Partners with Kore.ai to Deploy Enterprise AI Solutions in Thailand
Gulf Edge Co. has partnered with Kore.ai to utilize AI for enterprise solutions in Thailand's telecom, banking, insurance, healthcare, and public sectors. The collaboration aims to enhance AI adoption as Thailand's AI market is projected to grow significantly by 2030.
GateNews10m ago
Hesai Launches KOSMO, an AI-Powered 3D Spatial Intelligence Hardware for Physical AI Training
Hesai Technology has launched KOSMO, an AI-powered device for comprehensive 3D spatial capture, aimed at advancing robotics with high-quality data. The company also announced its entry into the robotic power module market.
GateNews10m ago
Agile Soda Launches Agentic OCR Platform with 98% Document Classification Accuracy
Agile Soda launched Agentic OCR, an AI-driven document automation platform that eliminates pre-training and allows for instant deployment. It offers high accuracy in classification and extraction, improving continuously through user corrections, with plans for future enhancements.
GateNews2h ago
American Express to Acquire AI Expense Startup Hyper in Q2 2026
American Express will acquire AI startup Hyper to enhance its expense management tools for commercial clients. The acquisition, expected to close in Q2 2026, follows a partnership that launched a co-branded rewards card in 2024.
GateNews3h ago
Singapore Cloud Startup OrtCloud Raises $1.7M in Pre-Seed Round Led by Golden Gate Ventures
OrtCloud, a Singaporean startup, raised $1.7 million in pre-seed funding for its specialized cloud infrastructure designed for AI workloads. With clients like OpenAI and Samsung, it aims to enhance product development and expand in Asia Pacific and the U.S.
GateNews3h ago
Canva Launches AI 2.0 Platform, Expanding from Design Tool to Unified Work OS
Canva AI 2.0 transforms Canva from a design tool to a comprehensive work operations platform. It uses generative AI to streamline workflows, enabling users to create and edit designs via natural language, automate tasks, and integrate with various applications.
GateNews5h ago
