Caper CEO Looks to Cut the Checkout Line with 'Smart Shopping Cart'
*By Carlo Versano*
A new startup is using the technology pioneered by Amazon in its cashier-less stores and applying it directly to the grocery cart.
Caper, a "smart shopping cart" uses a combination of cameras, sensors, and A.I. ー technology known in the retail industry as "computer vision" ー to identify items as they're placed in the cart.
"Checkout is by far one of the most annoying experiences in physical retail," said Caper CEO Lindon Gao in an interview Friday on Cheddar. Caper will allow customers to bypass the checkout line completely and pay for their purchases directly via an interface on their carts.
That plan to "streamline the checkout experience" will be attractive to customers, Gao said, but it should also appeal to grocers, as the carts can use predictive analytics to suggest items based on recipes or recommend popular products that other shoppers have bought.
He did not mention the jobs that the technology might put at risk. There are 3.5 million cashiers in the U.S., including over 900,000 grocery store cashiers, according to the [Bureau of Labor Statistics](https://www.bls.gov/oes/2017/may/oes412011.htm).
Gao said that Caper would augment cashiers, allowing a new customer experience for those who want it. For store owners, it provides a way to implement cutting-edge technology at a relatively low cost per store. While Gao would not reveal the price of a Caper cart, he said it would pay for itself after 12 months. Whereas an Amazon ($AMZN) Go store necessitates a complete overhaul of a physical space and its operations, Caper does not require any new infrastructure changes or renovations. "We need to complement the store owners' existing operation" Gao said.
The company has raised $3.5 million in venture funding to date. Gao said he isn't worried about the increasing popularity of online grocery shopping, which still only accounts for a fraction of the market.
"The physical grocery experience is not going to change anytime soon."
For full interview [click here](https://cheddar.com/videos/caper-brings-artificial-intelligence-to-the-grocery-aisle).
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Jeff Benedict, author of 'The Dynasty,' weighs in on the Kansas City Chiefs being the next big dynasty, who he thinks will win Super Bowl LIX and more. Watch!