BRN 2.33% 22.0¢ brainchip holdings ltd

An interesting article about using AI technology to help keep...

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    An interesting article about using AI technology to help keep track of fresh produce and minimising food waste.

    https://www.delltechnologies.com/en-us/perspectives/grocery-store-ai-takes-on-america-s-food-waste-problem/?dgc=SM&cid=151367&lid=spr6184390479&RefID=dtw22_sm6184390479&linkId=147837092

    Seeing that Brainchip are getting involved in the refrigerator space, this could also be an area where Akida could come in handy.

    "According to Schwartz, their AI system “will do much than increase profits of fresh produce departments.” His ultimate goal is much bigger: Reduce food waste. The U.S. Department of Agriculture estimates food waste at between 30-40% of the U.S. food supply. More than a third (35%) of all food in the U.S. went unsold or uneaten in 2019, according to ReFed, a nonprofit organization working to end food loss and waste across the food system. Their calculations peg this at $408 billion worth of food—about 2% of the entire U.S. GDP.

    "Series A startup today helps grocery retailers like Heinen’s, Winco, Fresh Thyme and the SaveMart Companies order billions of dollars of perishables every year and claims to reduce food waste by 25% while reducing out-of-stocks by 80%."

    "Afresh is not alone. Several other tech startups are aspiring to make fresh food available to all. “We will see a massive infusion of technology and innovation into the fresh food supply chain, and that will bring down costs and increase access to food,” he says. And his long-term aspiration for Afresh is to be the brain or the operating system that connects all types of fresh food technologies, from vertical farms to shelf-extension tools and cold-chain tracking."
 
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