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Dynamic Yield by Mastercard, a digital personalization and artificial intelligence subsidiary of Mastercard, has unveiled its latest innovation, Shopping Muse. This generative AI chatbot assistant aims to revolutionize how consumers search for and discover products in the realm of e-commerce.
Shopping Muse: Transforming E-commerce Search
According to Cointelegraph, Shopping Muse is an advanced generative AI tool that leverages the power of machine learning algorithms to provide personalized recommendations. By allowing users to make plain-language requests within the context of an online marketplace, Shopping Muse ensures a seamless shopping experience, as per Bitcoin Insider.
Generative AI systems, like OpenAI's ChatGPT and DALL-E, are designed to convert user commands into various forms of output, including text, video, audio, and code. Shopping Muse follows suit, employing algorithmic content matching to generate tailored product suggestions based on consumer preferences.
Ori Bauer, CEO of Dynamic Yield by Mastercard, emphasizes the importance of personalization in enhancing the online shopping experience. By harnessing the power of generative AI within Shopping Muse, Dynamic Yield aims to deliver a smarter and more immersive shopping journey that meets the evolving needs of consumers.
By harnessing generative AI technology, this chatbot assistant empowers users to discover products effortlessly and enjoy a personalized shopping experience.
Mastercard's Pursuit of AI Innovation
Mastercard's acquisition of Dynamic Yield from McDonald's in 2022 marked a significant step towards expanding its digital personalization capabilities. With offices spanning various global locations, Dynamic Yield boasts a large client base, representing over 400 brands. The synergy between Mastercard and Dynamic Yield positions both entities at the forefront of the AI-driven revolution in e-commerce.
Mastercard's partnership with Feedzai, a leading AI firm specializing in financial fraud detection, further solidifies its commitment to artificial intelligence. By integrating Feedzai's software into its proprietary security stack, Mastercard enhances its fraud prevention capabilities and reinforces its dedication to safeguarding financial transactions.
Photo: Mastercard Newsroom
