FedEx has invested in artificial intelligence platform Vue.ai for an undisclosed amount, according to a July 11 news release.
With the investment, Vue.ai seeks to make smarter supply chains and become the single unifying AI platform for large enterprises to “build entire vertically integrated stacks that are relevant to their industry,” the release said.
Vue.ai, owned by California-based Mad Street Den, is a general-purpose platform that provides a mix of applications leveraging AI and automation for businesses in retail and other industries. It has “a focus on enriching and extracting the most out of data, letting the AI decide which models get applied when for whom and by whom based on interaction with its users,” the release said.
Source: Supply Chain Dive
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