According to reports, AI startup Phacet has raised $4.4 million for its small business solutions. Based in Paris, Phacet is working to expand its AI applications across several sectors, including e-commerce, industry, and finance for small and medium-sized enterprises. Nicolas Marchais, founder and CEO of Phacet, stated that investor support will enable them to advance their mission of bridging the gap between rapidly evolving AI models and the specific needs of SMEs.

Alibaba's International Digital Business Group recently announced that they are developing an innovative AI conversational procurement engine aimed at revolutionizing the procurement experience in B2B e-commerce. The engine is set to be unveiled to the public for the first time this September, focusing on serving small and medium-sized enterprises (SMEs) by helping them optimize their procurement processes globally, making it more intuitive and efficient.

SoftBank and Walmart have established a joint venture called GreenBox Systems to promote AI warehouse technology to small and medium-sized enterprises (SMEs). GreenBox Systems will utilize Symbotic's AI warehouse systems to provide warehousing automation services to SMEs. Symbotic's system can enhance warehouse efficiency and reduce costs, potentially bringing significant benefits to SMEs. SoftBank's investment in GreenBox Systems amounts to $100 million, aimed at advancing AI warehouse technology in...

Alibaba International Station has released a new AI procurement assistant 'Smart Assistant'. This tool includes features such as image search, RFQ, and communication tools aimed at improving procurement efficiency for global small and medium-sized enterprises, especially for sourcing products from China.