👉 Background: Temple & Webster is an Aussie online furniture store that started back in 2011. They listed on the ASX in November 2015 and it has been one heck of a rollercoaster since then.

👉 What happened: Like many clothing retailers, they've had a bit of a rough year. Their revenue has fallen more than 7% in the 2023 financial year to $396. But now, Temple & Webster reckon they've got an ace up their sleeve - AI software.

👉 What else: They're so bullish on AI that their recent investor report referenced AI 22 times across 17 pages. It will:

• offer more personalised experiences in their online store
• write product descriptions
• Use an ai-interior-design chatbot for customers to find products that they vibe with.

What's the key learning?

💡Tech companies aren't the only ones buzzing about artificial intelligence anymore. The hype has been spreading across multiple industries, including retail and fashion.

💡Across the global industry, AI was one of the most frequently mentioned themes in Q2 this year. And while a lot more companies are adopting AI these days, the hype is about more than just its utility...it's also become a way to impress investors.

💡And so, Temple & Webster’s shout out to AI (many times) in their investorreport is a way to get investors excited about what the future could hold…even when the top-line numbers aren’t looking so good.

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