eBay Is Getting ‘Really Serious’ About Artificial Intelligence

Predictive modeling is not a new tool for the retail business, eBay CEO Devin Wenig says, but in the last year it’s gotten good. Really, really good. “Something changed in the last year,” Wenig said Thursday at the Code Conference in Rancho Palos Verdes, Calif. “I think it’s a combination of computing power—GPUs being brought online to [manage] big data sets—and the sophistication of algorithms.” Which is why eBay ebay is all in. Fresh from its split with payments company PayPal, the e-commerce company wants to overhaul how it targets and serves its customers. “It’s all about consumer relevance,” Wenig said. “I want it to feel like my eBay. You know [that] I want a $7 scarf or a $70 scarf. You know whether I like blue or red…I actually…

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