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Intel To Invest $100 Million For Retail IoT

Intel wants to take your shopping experience into the future by building a retail-focused Internet-of-Things (IoT) platform and investing $100 million in the retail sector. The Santa Clara-based chip maker will create a common set of sensors, software kits and other components that will aid brick-and-mortar sellers with inventory tracking, shopping habit feedback and creating personalized shopping experiences. The technology will be a part of the company’s new Responsive Retail Platform, which CEO Brian Krzanich announced Monday while speaking at the National Retail Federation's Big Show conference in New York City.

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