Barry Callebaut to use NotCo AI to develop chocolate recipes

Core Insights - Barry Callebaut is partnering with Chilean start-up NotCo AI to leverage artificial intelligence for recipe development, addressing challenges posed by high cocoa prices and declining demand [1] Company Summary - Barry Callebaut is facing high cocoa prices and weakening demand, prompting the need for innovative solutions in recipe development [1] - The collaboration with NotCo AI aims to enhance product offerings and improve cost efficiency through advanced technology [1] Industry Summary - The chocolate industry is currently experiencing pressures from rising cocoa prices, which impacts profit margins for companies [1] - The integration of artificial intelligence in food production is becoming a trend as companies seek to optimize recipes and reduce costs [1]