Walmart Acquires Israel-Based Natural Language Processing Startup

Walmart has acquired Aspectiva, an Israel-based natural language processing (NLP) startup, for an undisclosed sum. Aspectiva will join Walmart’s Store No. 8 incubation arm, where its NLP capabilities will be used to enhance the end-to-end shopping experience. The company will continue operating from its offices in Tel Aviv.

NLP-powered chatbots and voice technology are gaining traction in retail. As of March 2018, 66% of U.S. consumers used voice or text agents in their daily lives, according to Mastercard and Mercator Advisory Group. While only…