Pinterest, a social media platform and imageboard built around discovery and inspiration, is continuing its shift into e-commerce with a new augmented reality feature designed to simulate the in-store shopping experience.
Augmented reality, or AR, uses digital information to overlay or "augment" the physical world through a camera. The applications are boundless, but product brands, in particular, are piqued.
Pinterest is looking to facilitate that adoption on its popular pinboard, which has long inspired users to seek out the items so lovingly displayed on its platform.
"People have always come to Pinterest to shop," Jeremy King, senior vice president of engineering at Pinterest and former CTO of Walmart, told Cheddar. "Once you find that particular item that inspires you, many people want to know where to get it, how to build it, how to cook it."
In early 2020, the San Francisco-based company launched a "Try On" tool for lipstick products that allowed users to see themselves in different shades. Now it's expanding that feature to include eyeshadows from brands such as NYX Cosmetics, YSL, Lancôme, and Urban Decay.
Images of eligible products will include a "try on" button in their bottom right corner.
While, for the moment, the feature is limited to a very select number of items, King said Pinterest is refining the technology to include more users and more products.
For instance, the platform is tapping into its vast database of faces, so that different skin tones, angles, and lighting conditions are captured accurately through its AR tool. The goal is to build a system that detects every item presented on Pinterest and give users the opportunity to look up and purchase that item. King called this pipeline "inspiration to action."
The coronavirus pandemic has also brought more and different types of potential customers to the platform, which draws nearly half a billion users per month.
"The biggest categories right now are Gen Z and men," King said. "Gen Z is actually growing at twice the rate of our other categories."
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Load More