STOCK TITAN

Newegg Uses AI Behind the Scenes to Review Marketplace Product Listings

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
AI
Rhea-AI Summary
Newegg Commerce, Inc. is using AI to automate the review process for website product description content for all new marketplace product listings. The AI-driven quality assurance program has achieved a strong success rate, rejecting approximately 8% of new marketplace product descriptions. Newegg has saved meaningful hours of employee manual review time each day since implementing the new AI-driven tool.
Positive
  • Newegg is using AI to automate the review process for website product descriptions, saving employee manual review time each day.
Negative
  • None.

Company sees strong success rate with AI-powered Quality Assurance tools

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)-- Newegg Commerce, Inc. (NASDAQ: NEGG), a global e-commerce leader for technology products, announced today that it is using AI to automate the review process for website product description content for all new marketplace product listings. Using a combination of the latest natural language processing models, the AI-driven quality assurance (QA) program has achieved a strong success rate.

Newegg is using AI to perform QA on marketplace product listings. (Graphic: Shutterstock)

Newegg is using AI to perform QA on marketplace product listings. (Graphic: Shutterstock)

Programmed to analyze text for grammar, spelling and inappropriate words, phrases and trademarked brand names, the tool reviews thousands of new marketplace product listings per day. On average, the AI rejects approximately 8% of new marketplace product descriptions, which prompts Newegg employees to contact sellers to ensure their product text is accurate. Based on feedback received, the AI is re-programmed on a continuous basis to learn and improve as it ingests data and receives direction.

“Our AI model’s aim is to help our marketplace sellers easily list up to thousands of their products quickly and accurately to get the products ready to generate sales,” said Jeff Lin, Senior Director of Business Intelligence for Newegg. “We’re programming with AI across our tech platforms and finding ways for AI to improve experiences and solve problems.”

Lin continued, “Since implementing the new AI-driven automated QA tool in early May, Newegg has saved meaningful hours of employee manual review time each day. By using AI on repetitive manual tasks, employees are able to focus on more complex duties geared towards improving our overall customer experience.”

About Newegg

Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the City of Industry, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.

Follow Newegg on Twitter, TikTok, Instagram, Facebook, YouTube, Twitch and Discord.

Eric Wein

Newegg Commerce Inc.

eric.j.wein@newegg.com

Source: Newegg Commerce, Inc.

FAQ

What is Newegg using AI for?

Newegg is using AI to automate the review process for website product description content for all new marketplace product listings.

What is the success rate of the AI-driven quality assurance program?

The AI-driven quality assurance program has achieved a strong success rate, rejecting approximately 8% of new marketplace product descriptions.

How has Newegg benefited from using AI?

Newegg has saved meaningful hours of employee manual review time each day since implementing the new AI-driven tool.

Newegg Commerce, Inc. Common Shares

NASDAQ:NEGG

NEGG Rankings

NEGG Latest News

NEGG Stock Data

320.68M
28.02M
92.72%
0.46%
0.29%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States of America
HAIDIAN DISTRICT, BEIJING

About NEGG

newegg inc. is the leading tech-focused e-retailer in north america, with a global reach in europe, south america, asia pacific and the middle east. founded in 2001, the company offers its tens of millions of registered users a comprehensive selection of the latest consumer electronics, entertainment, smart home, gaming products, and much more! newegg is consistently ranked as one of the best online shopping destinations, and the company regularly earns industry-leading customer service ratings. newegg is headquartered in city of industry, california, with north american distribution facilities located throughout the united states and canada. interested in selling on newegg.com? we offer robust fulfillment and marketing services to our marketplace vendors. learn more: newegg.io/sellers