- Kroger Co KR has entered into a strategic collaboration with NVIDIA Corp NVDA for Artificial Intelligence-enabled applications and services.
- The parties will build a state-of-art AI lab and demonstration center to expand Kroger's freshness initiatives and improve shipping logistics.
- The lab will be located in Kroger's Cincinnati-based headquarters office. It will use NVIDIA AI Enterprise software for retail, Omniverse Enterprise for digital twin simulations, and cuOpt for logistics.
- The initial installation will use nine NVIDIA DGX A100 systems, InfiniBand networking, and RTX workstations to gather insights on the grocer's nearly 2,800 stores across the U.S.
- Price Action: KR shares are trading higher by 1.63% at $56.59, and NVDA lower by 0.50% at $266.00 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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