POS Hardware, POS Retail

Standard AI Signs Definitive Agreement to Acquire Skip

Standard AI Signs Definitive Agreement to Acquire Skip

Standard AI, a global leader in Retail AI, recently announced the signing of a definitive agreement to acquire Skip, a leading self-checkout solutions provider. As a result, standard AI will become the only firm to combine AI-powered autonomous checkout with self-checkout into an integrated experience. Retailers seeking immediate relief from labor pains will have access to a self-checkout alternative with a clearly defined road to an autonomous future due to this powerful combination. In addition, standard AI will combine Skip's cloud-based point of sale (POS) with the complicated back office ecosystem to expedite operations and provide better control over pricing, promotions, discounts, and other factors.

AI in retail has revolutionized the capabilities of physical stores. Leading retailers employ Standard CheckoutTM (a component of the Vision OS platform) to turn current stores into checkout-free retail experiences that customers like. It provides the industry's quickest and most accurate time-to-receipt as well as ground-breaking insights into store operations, all from a single platform.

Standard AI will continue to market Skip alone or in conjunction with its Vision OS^ solution (upon the close of the acquisition). So now, retailers can choose the course that best suits them:

• Get Skip: Standard AI will continue to supply Skip as a standalone alternative for retailers needing a quick and low-cost self-checkout unit to provide more significant assistance and flexibility to their in-store personnel.
• Get Vision OS^ with Skip option : Standard AI will include a Skip kiosk with the Vision OS platform for retailers that desire immediate relief from labor problems and a transformed retail experience. This implies that users may benefit from both the SCO and autonomous checkout experiences in a single solution. This potent combination will support the entire shopper base, reduce labor difficulties, uncover an unparalleled degree of analytics and insights, and will not need downsizing or customer experience tradeoffs.

About Standard AI

Founded in 2017, Standard AI is a global leader in retail AI and has transformed retail as we know it. The Standard platform is the first checkout-free solution that works in any existing store, allowing consumers to walk in, grab what they need, and walk out without standing in line or pausing to scan or pay. In addition, the company's machine vision and AI-powered solution is the only one that can be swiftly and simply implemented in retailers' existing stores, representing a giant leap forward for retail technology and allowing retailers to deliver an extraordinary new shopping experience to customers rapidly.

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