Algolia Acquires Velou to Strengthen Product Intelligence for AI Shopping

A retailer can have the right product in stock and still lose the sale because its catalog does not describe what the shopper wants. That problem becomes more consequential when an AI assistant is doing the searching: a persuasive answer is only useful if the system can find an item that actually meets the request. Algolia has acquired Velou, a New York-based AI company specializing in product data enrichment and catalog intelligence, to strengthen that foundation. Announced on October 6, the…

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