Microsoft building cashierless check-out tech
Microsoft is reportedly aiming to take on Amazon when it comes to cashierless retail by developing its own platform and in talks with Walmart on the initiative.
The news, according to a Reuters report, comes within months of Amazon opening its Amazon Go cashierless store to the public after a pilot trail involving employees and announcing two more cashierless locations opening this year. It also comes in the midst of greater retail competition to meet consumer expectations.
Reuters, citing unnamed sources, reported Microsoft has shown Walmart the technology, as well as other global retailers.
"This is the future of checking out for convenience and grocery stores," Gene Munster, head of research at Loup Ventures, told Reuters.