Pinterest CEO says agentic shopping is still a long way out
SMRTR summary
Pinterest CEO Bill Ready downplayed AI shopping agents, stating fully autonomous purchasing is far from reality. He positioned Pinterest as an "AI-enabled shopping assistant" understanding user preferences. The company is implementing various AI technologies, including recommendation systems and visual search. Pinterest reported $998 million in Q2 revenue but missed earnings expectations, with over half its users now Gen Z and male users up 95% year-over-year.
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