Deflation Is Coming, and AI and Smart Robotics Will Bring It To You

Shopping bots are about to crush retailers who are slow to adapt.

In the not-so-distant future, ubiquitous AI-powered shopping bots will change how we buy, pushing consumer prices lower and lower in what can only be described as a race to the bottom.

The Race to the Bottom

To illustrate the concept we’re about to discuss, imagine a world where everyone goes only to the single cheapest gas station in town to buy their gas. The other gas stations would be forced to drop their prices to match or beat the current low in order to survive. This competition would push prices down even further, igniting a race to the bottom where only those with the lowest price survive.

Of course convenience is a factor in determining which gas station you’ll go to today. This is just for illustrative purposes. But now that we understand the concept, lets talk about shopping.

Imagine a world where every phone, tablet, computer, or wearable comes stock with tireless, fast, and unbiased AI shopping bots that are able to scour the web to compare hundreds of retailers in seconds, instantly identifying where to fulfill your wants and needs at the cheapest price.