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Pat Yiu
@patyiutazza
Impact investment can happen in AI too. Caught up with https://www.curie.co/ today who has had an allstar run after being mentioned by StockX and Tim Cook at WWDC and they focus on one thing, turning images into 3D models using high accuracy. Before them, 3d product rendering was a manual process that was outdated. In numbers -> 1B products x manual effort = $20T in cost to bring to 3D They've been building their systems and on year three have reduced the cost of rendering from $200 in Year 0 to $0.20 with an ultimate goal of $0.002 per product by Year 5. What is the impact of this in numbers? Early data through partners like StockX, Walmart, and Meta show that at scale (3B products), reducing the return rate with better 3D showrooms could reduce up to 2 Billion pounds of waste. Investors have the potential of an exit (acquisition most likely in this case by an ecom giant) but can also feel good knowing this could have a significant impact on the negatives that fast fashion brought in.
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