After ChatGPT, Walmart Now Teams Up With Google Gemini To Introduce AI Shopping Tool For Faster Shopping - Walmart (NASDAQ:WMT)

Core Insights - Walmart has partnered with Google's AI platform, Gemini, to enhance product discovery and purchasing for customers [1][2] - The collaboration was announced at the National Retail Federation's Big Show and will initially launch in the U.S. before expanding internationally [2] - This partnership is part of Walmart's strategy to adapt to the increasing use of AI chatbots by consumers [3] Company Developments - Walmart's incoming CEO, John Furner, and Google CEO, Sundar Pichai, highlighted the significance of this collaboration in the retail sector [3] - Walmart previously collaborated with OpenAI's ChatGPT to introduce "Instant Checkout," allowing purchases through the AI chatbot [3] Industry Trends - The partnership signifies a broader trend of AI's growing influence in the retail industry, with AI becoming a crucial intermediary in shopping experiences [4] - Adobe reported an 805% year-over-year increase in AI-driven traffic, indicating the rising importance of AI tools in helping consumers find deals [4] Competitive Landscape - Microsoft has also launched a suite of "agentic AI" tools aimed at automating retail tasks, showcasing the competitive push towards AI integration in retail [5] - Walmart ranks in the 93rd percentile for quality and 74th percentile for momentum according to Benzinga's Edge Rankings, indicating strong performance metrics [5] Stock Performance - Over the past year, Walmart's stock has increased by 24.76%, closing at $114.53 after a 1.29% rise on the last trading day [6]