AI Revolutionizes Fashion Retail: Virtual Shopping Assistants to Hit $6.9 Billion by 2032
May 29, 2024
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
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Sources

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