AI Revolutionizes Fashion Retail: Virtual Shopping Assistants to Hit $6.9 Billion by 2032

May 30, 2024
AI Revolutionizes Fashion Retail: Virtual Shopping Assistants to Hit $6.9 Billion by 2032
  • The integration of AI technologies, particularly Generative AI (GenAI), is reshaping both the financial services and fashion retail sectors.

  • Major tech companies, such as ChatGPT, are at the forefront of the AI revolution in fashion.

  • Virtual shopping assistants powered by AI are projected to reach a market value of $6.9 billion by 2032.

  • AI-powered fashion bots are becoming increasingly human-like, offering personalized styling and fit recommendations.

  • Ethical concerns have been raised regarding the potential self-awareness of advanced AI systems, leading to calls for moral consideration.

  • Despite the rapid expansion of AI in fashion, there is an ongoing need for streamlined and user-friendly solutions.

Summary based on 37 sources


Get a daily email with more Tech stories

More Stories