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00:02Target appointed Chandhu Nair as its first chief artificial intelligence officer
00:07as the retailer expands its use of AI across its business, according to CNBC.
00:12Nair will also serve as senior vice president after previously leading stores, data, AI,
00:19and innovation at Lowe's. He said Target will take a more coordinated approach to AI,
00:24including improving inventory management and enabling faster decisions.
00:29Target has already invested in generative AI tools such as Target Trend Brain,
00:34which identifies emerging styles, colors, and materials,
00:37and a conversational AI program designed to help customers find holiday gifts.
00:43The appointment comes as Walmart, Gap, and Best Buy also expand their use of AI tools and partnerships.
00:50For all things money, visit Benzinga.com.
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