AI at H&M
According to The Wall Street Journal, Hennes & Mauritz, aka H&M, used AI to tune its range and will now be stocking fewer basics and a wider fashion offer. This is intended to reverse profit decline (20% down) and overstocks (U$4 billion). Hopefully, H&M are aware of our earlier revelations that AI stands for ‘Appearance of Intelligence’ rather than for ‘Artificial Intelligence’ and still double-check their computer predictions with experienced merchants. Stockholm based H&M operates 4,500 stores worldwide.