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Artificial Intelligence (AI) in Retail Market to Surpass USD 71.23 Billion by 2031| SkyQuest Technology

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Retail Market is valued at USD 5.59 Billion in 2022 and is expected to grow from USD 7.42 Billion in 2023 to reach USD 71.23 Billion by 2031, at a CAGR of 32.68% during the forecast period (2024-2031).

People expect a big change in the next few years in global artificial intelligence (AI) in retail market due to AI. This breakthrough technology will have a major impact on the way we shop, moving the industry away from issues connected with prices towards customer engagement. Consequently, traders should hurry up and accept AI now that it works together with e-commerce which has been accelerated due to the recent outbreak of Coronavirus disease. Technology and business strategy must be taken into consideration while planning the integration of AI. AI’s primary benefit to the retail sector is its capacity to assist customers by handling boring, repetitive chores.

Download a detailed overview:

https://www.skyquestt.com/sample-request/artificial-intelligence-in-retail-market

Artificial Intelligence (AI) in Retail Market Overview: 

Report Coverage

Details

Market Revenue in 2023

$ 7.42 billion

Estimated Value by 2031

$ 71.23 billion

Growth Rate

Poised to grow at a CAGR of 32.68%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Type, Technology, Solution, Service,  Deployment Mode, and Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Development of novel blockchain AI solutions that give benefits of both technologies involved

Key Market Opportunities

Personalized Customer Experience

Key Market Drivers

Rising Use of AI-powered Chatbots for Improved Customer Experience

Segments covered in Artificial Intelligence (AI) in Retail Market are as follows:

TypeOnline Retail, Offline RetailTechnologyMachine Learning & Deep Learning (Facial Recognition, Emotion Detection), Natural Language Processing, Chatbots, Image and Video Analytics, Swarm IntelligenceSolutionProduct Recommendation and Planning, Customer Relationship Management, Visual Search, Virtual Assistant, Chatbots, Price Optimization, Payment Services Management, Supply Chain Management and Demand Planning, OthersServiceProfessional Services, Managed ServicesDeployment ModeCloud, On-PremisesApplicationPredictive Merchandising, Programmatic Advertising, Market Forecasting, In-Store Visual Monitoring & Surveillance, Location-Based Marketing, and Others (Real-Time Pricing and Incentives, Real-Time Product Targeting)

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-in-retail-market

From Physical to Virtual Storefronts, Maximizing Efficiency and Customer Delight

Available categories of AI in the global AI retail market are robotics, computer vision, machine learning, and natural language processing. These artificial intelligence (AI) technologies are indispensable for reducing complexity in operations, enhancing customer interactions and personalizing shopping experience; thereby making the retail sector more effective and competitive.

Computer vision and robots are two AI kinds that greatly benefit offline retail, according to the Global Artificial Intelligence (AI) in Retail Market. Physical and digital efficiency in the offline retail department is very important for the consumer. In-store consumer experiences are the main reason why these technologies are improving this retail segment, with check-out procedures being faster and inventory management optimized.

In global AI in retail market, online retail would be impossible without such AI technologies as natural language processing and machine learning. They improve user experience and boost revenue by streamlining logistics, optimising product recommendations, and customising marketing efforts. The significance of online retail resides in its capacity to effectively reach audiences throughout the world.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/artificial-intelligence-in-retail-market

Unveiling the Impact of AI Technologies on Customer Interactions and Operational Efficiency

AI technology in the Global Artificial Intelligence (AI) in Retail Market encompasses robotics, computer vision, machine learning, and natural language processing. In the retail sector, it is important to use such technologies for automation of work, improvement of customer relations and making shopping individual, thus ensuring greater productivity coupled with competition.

Key artificial intelligence (AI) technologies in the global artificial intelligence (AI) retail market are machine learning and deep learning. Merchants can customise customer experiences, optimise pricing strategies, and analyse vast amounts of data for insights by using them. They play a very critical role as far as improved decision-making, boosted productivity, and a more customised buying experience is concerned.

Natural Language Processing (NLP) is an essential technology in the worldwide retail artificial intelligence sector. It leads to the development of sentiment analysis, improvements in search features, and powers chatbots that possess high level of sophistication when providing customer service. Utilizing NLP technology in customer dealings as well as providing personalized suggestions can elevate customer satisfaction levels and increase their allegiance.

Revolutionizing Operational Excellence with Robotics, Computer Vision and Natural Language Processing

In this transformative era of the retail sector, artificial intelligence (AI) integration heralds revolutionary times in which such technologies as robotics, computer vision, machine learning and natural language processing redefine operations and customer engagement; offline or online, it optimizes processes, enhances customer interactions, and personalizes shopping experiences. Such change increases efficacy and competition, besides it accommodates the changing needs of a digital-first market. While retailers move through such a field, AI strategic incorporation becomes very important by linking technology to business strategies to take advantage of expansion prospects and boost the performance level in retail, conforming to a future where every detail of selling belongs to AI.

Related Report:

AI Market

Artificial Intelligence (AI) in Healthcare Market

Artificial Intelligence (AI) Platform Market

Artificial Intelligence (AI) in Manufacturing Market

Artificial Intelligence (AI) Robots Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/artificial-intelligence-ai-in-retail-market-to-surpass-usd-71-23-billion-by-2031-skyquest-technology-302189489.html

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Sunlighten Introduces PulseIQ™: The Intelligent Platform Redefining Infrared Wellness

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PulseIQ™ delivers four distinct wavelengths independently, adapting each session to support recovery, relaxation, and performance. 

OVERLAND PARK, Kan., April 21, 2026 /PRNewswire/ — Sunlighten, the global leader in infrared sauna innovation, today announced the launch of PulseIQ™, its proprietary intelligent wellness platform. This breakthrough sets a new standard for how infrared energy is delivered, absorbed, and translated into personalized wellness outcomes.

For decades, the sauna category has remained largely unchanged. Traditional saunas deliver heat. Most infrared saunas claim “full spectrum,” but in reality blend wavelengths together into a single, undifferentiated output.

The result is a one-dimensional experience. The sauna turns on, heat increases, and the body is exposed to inconsistent energy with no control over how it is delivered or absorbed.

PulseIQ™ changes that.

PulseIQ™ redefines how infrared works by delivering red light, near-, mid-, and far-infrared separately and intelligently. Instead of blending wavelengths and losing their effectiveness, PulseIQ™ isolates and controls each wavelength so your body receives the right type of infrared energy at the right time.

This is infrared intelligence. This is PulseIQ™.

A Category Built on Heat. Reimagined Around Outcomes.

Most saunas today operate with a simple on and off experience. As heat rises, there is no control over the wavelengths being delivered. The distinct benefits of each wavelength are lost, reducing the experience to heat rather than targeted infrared energy.

The difference is not just how many wavelengths are present. It is how they are delivered.

Your body responds to each wavelength differently. When they are blended together, your body cannot fully use them. You are not truly receiving distinct infrared light energy.

PulseIQ™ changes that by isolating each wavelength and delivering it with precision. This allows your body to absorb more usable energy, driving better outcomes based on what your body needs that day.

Because wellness is not static. Your body’s needs change daily. Your sauna should adapt with you.

From One-Dimensional Heat to Personalized Infrared Therapy

PulseIQ™ transforms the sauna experience from passive heat to an intelligent, outcome-driven wellness solution.

Powered by Sunlighten’s infrared intelligence platform, PulseIQ™ delivers:

Four distinct wavelengths delivered independently so each can perform its specific role in the bodySix science-backed wellness programs designed around goals like recovery, detoxification, relaxation, and performancePrecision control of energy delivery and temperature to eliminate peaks and valleys and keep the body within optimal therapeutic ranges

Each wavelength is delivered at the intensity and depth your body can absorb, ensuring the energy is not just produced but used effectively.

Red light supports skin health and surface-level repairNear-infrared supports cellular energy and recoveryMid-infrared supports circulation and muscle recoveryFar-infrared supports core temperature and detoxification

By controlling how this energy is delivered, PulseIQ™ helps your body achieve the specific wellness outcomes you are seeking, whether that is faster recovery, deeper relaxation, improved circulation, or daily restoration.

An Intelligent Sauna That Evolves With You

PulseIQ™ is designed not just for today, but for the future of personalized wellness.

“Infrared has never been about heat alone. It is about how the body responds to light,” said Connie Zack, Co-Founder of Sunlighten. “With PulseIQ™, we control the light your body is receiving so it can absorb more of what it needs. That leads to better outcomes, whether you are focused on recovery, relaxation, or long-term wellness.”

PulseIQ™ introduces an intelligent platform that evolves with you, helping you get more personalized results from every session.

“We are building the next generation of sauna technology,” said Aaron Zack, CEO of Sunlighten. “Our bodies are complex and constantly changing, yet most saunas offer a one-dimensional on and off experience. With PulseIQ™, we’re measuring data every day and using it to advance our technology. In the future, your sauna will be able to guide you. If your body needs recovery or support, it will recommend the right program for you. The sauna you buy today should grow with you, adapting to your needs and helping you achieve better wellness outcomes over time.”

Engineering the Future of Infrared Wellness

For more than 25 years, Sunlighten has led the industry through science, innovation, and a deep understanding of how the body responds to infrared energy.

PulseIQ™ builds on that foundation with a clear focus on what matters most to consumers.

Not just heat.
Not just presence of wavelengths.
But how effectively that energy is delivered and absorbed by the body.

PulseIQ™ delivers the most usable infrared energy at precise wavelengths your body can absorb, giving you greater confidence that every session is working toward your wellness goals.

Redefining What Infrared Should Deliver

PulseIQ™ reframes the conversation around infrared saunas.

This is not about turning heat on and off.
This is about controlling the energy your body receives.

With PulseIQ™, Sunlighten introduces:

1 intelligent sauna platform4 precisely controlled, distinct wavelengths6 guided, science-backed wellness programsA system designed to evolve and personalize over time

Better delivery leads to greater absorption.
Greater absorption leads to better wellness outcomes.

This is infrared intelligence. This is PulseIQ™.

About Sunlighten

Sunlighten is the global leader in infrared sauna and light-based wellness innovation. With more than 25 years of expertise, patented technologies, and a commitment to science-backed performance, Sunlighten designs products that help the body perform, recover, and thrive.

Contact:

Maria Dolgetta

mdolgetta@sunlighten.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunlighten-introduces-pulseiq-the-intelligent-platform-redefining-infrared-wellness-302748918.html

SOURCE Sunlighten

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Novita AI Ranked as the Best Performing & Reliable Inference Layer

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120+ LLMs through a single API, with day-0 model availability, OpenAI and Anthropic compatibility, and top-ranked performance validated by Artificial Analysis.

SAN FRANCISCO, April 21, 2026 /PRNewswire/ — As demand for open-source AI infrastructure grows, Novita AI is establishing itself as the inference provider for developers and engineering teams that need fast and affordable inference for production AI. The platform covers more than 120 large language models through a single OpenAI-compatible and Anthropic-compatible API, makes every new model available on release day, and ranked #1 for scientific reasoning accuracy across all major inference providers, according to independent benchmarking by Artificial Analysis.

Novita AI is trusted by leading teams across the AI ecosystem, including Hugging Face, Quora, OpenRouter, Vercel, Kilo Code, and Genspark.

“Open-source AI moves at a pace that most infrastructure hasn’t kept up with,” said Junyu Huang, COO of Novita AI. “We built Novita to close that gap. When a new model ships, developers can be in production with it the same day, on infrastructure they can actually rely on.”

Artificial Analysis provides comparison and analysis of AI models and API hosting providers, with independent benchmarks across key performance metrics including quality, price, and output speed. In its GPT-OSS 120B assessment covering all major inference providers, Novita AI ranked as follows (April 2026):

GPQA Diamond (scientific reasoning): #1 among all providers, scoring 79.0% across 16 runs

AIME 2025 (advanced mathematics): 93.3% across 32 runs, at the level of the top providers

IFBench (instruction following): #5, scoring 68.9%, within 0.8 points of the top provider

Source: Artificial Analysis GPT-OSS-120B Provider Benchmarks, April 2026.

New models ship constantly. Novita AI makes each one available through its API on release day, without exception. For engineering teams running evaluation pipelines or production systems that depend on current models, access is never the bottleneck.

Novita AI hosts more than 120 LLMs across every major model family, including Qwen, DeepSeek, LLaMA, Mistral, Gemma, GLM, Phi, and more. All models share the same API format, authentication, and SDK. Teams on the OpenAI or Anthropic SDK can switch to Novita by changing the base URL.

Novita’s API works out of the box with Claude Code, OpenClaw, Codex CLI, and OpenCode.

Novita AI delivers fast inference with the full feature set production AI teams depend on, with no tiered restrictions or add-ons.

Tool calling: compliant with OpenAI and Anthropic function-calling specifications, supporting multi-turn agent workflows

Structured outputs: JSON responses that conform to a specified schema, no parsing wrappers needed

Prompt caching: lower latency and token costs for RAG pipelines and agent sessions with repeated context

Novita AI is an AI and agent cloud platform helping developers and startups build, deploy, and scale models and agentic applications with high performance, reliability, and cost efficiency. The platform delivers fast inference across 120+ LLMs and multimodal models through a single API, alongside GPU Instances, Bare Metal, and Agent Sandbox infrastructure built for production AI.

For more information, visit novita.ai.

View original content to download multimedia:https://www.prnewswire.com/news-releases/novita-ai-ranked-as-the-best-performing–reliable-inference-layer-302748913.html

SOURCE Novita AI

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Arasan acheives the Industrys First ASIL-D Certification for its CAN XL IP Core

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Arasan announces the industry’s first ASIL-D Certification for its CAN XL IP. The certification also covers Arasan’s CAN FD IP and CAN 2.0 IP.

SAN JOSE, Calif., Apr. 21, 2026 /PRNewswire/ — Arasan Chip Systems, the industry’s leading provider of IP for Mobile and Automobile SoC’s, announced today that its CAN XL IP has achieved the ASIL-D Certification. The CAN  XL IP has been independently certified by SGS-TÜV Saar as ASIL-D, the highest safety level of functional safety defined in ISO 26262, the international standard for functional safety in road vehicles.  

The CAN XL IP is backward compatible with the CAN FD and CAN 2.0 standards.  The ASIL-D certification also covers Arasan’s CAN FD IP and CAN 2.0 IP which will continue to be sold as ASIL-D certified independent products. 

Arasan is offering a free upgrade to its CAN XL IP for customers interested in licensing CAN FD until June 30, 2026. The gate count increase from CAN FD to CAN XL is minimal and customers are encouraged to leverage this promotion to adopt the latest version of the CAN Specification, CAN XL. 

“Arasan’s IP have been used extensively in mission critical and life endangering applications in defense, nuclear, aerospace, medical and automotive ADAS SoC’s ” said Ron Mabry, VP of Sales at Arasan. “The ASIL-D Certification attests to our fail safe design philosophy”.

Arasan’s has an extensive portfolio of ASIL-B, ASIL-C and ASIL-D certified products including the MIPI DSI-2 IP for Display, MIPI CSI-2 IP for Camera both of which are seamlessly integrated with the  MIPI D-PHY IP or the MIPI C-PHY IP, JEDEC eMMC IP for storage and UNH Certified automotive grade Ethernet IP when high speed automotive connectivity is required.

For more information, please visit: https://www.arasan.com/product/can-bus-controller-ip/

Availability

ASIL-D certified CAN IP products, including the CAN XL IP, CAN FD IP and CAN 2.0 IP, are available to license immediately from Arasan. Please contact sales@arasan.com to license our CAN IP.

Arasan Chip Systems, founded in 1995 is a provider of IP solutions for mobile storage and connectivity interfaces. Arasan’s focus lies in mobile SoCs, which have evolved to encompass a wide range of applications, from PDAs in the mid-’90s to today’s automobiles, drones, and IoT devices. Arasan remains at the forefront of this “Mobile” evolution, providing standards-based IP that forms the foundation of Mobile SoCs. Over a billion chips have been shipped with Arasan’s IP.

View original content:https://www.prnewswire.com/apac/news-releases/arasan-acheives-the-industrys-first-asil-d-certification-for-its-can-xl-ip-core-302746283.html

SOURCE Arasan Chip Systems, Inc.

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