Ambari Brands Inc. (OTC:AMBBF) Stock In Focus After Latest News
A beauty and Technology company, Ambari Brands Inc. (OTC:AMBBF), announced its plans to implement augmented reality into its beauty application, Scarlett, through a virtual try-on feature. The company had confirmed integrating artificial intelligence within its beauty application.
As per a report by Fortune Business Insights, the global augmented reality market will reach USD 1109.71 billion by 2030, with a CAGR of 50.7% in the next 7 years. This demonstrates the opportunities and potential in the AR market.
The new feature will enable users to try a virtually unlimited range of products, including skincare, makeup, and hair accessories. Carlett will further enable users to explore catalogs of products and access detailed product information. Hence, users can visualize how different products look on them and avoid the need for a physical try-on.
Nisha Grewal, CEO of Ambari, expressed excitement about developing the AR feature in Scarlett and believes that the integration will bring convenience to users. Grewal added that it would enable users to explore and experiment with different looks in an interactive manner. The firm’s goal is to augment the beauty shopping experience as well as empower users with informed choices.
Ambari Brands Inc. had announced forming an exceptional team of experts to develop its AI and AR beauty application, Scarlett. The application is aimed at bringing AI to the beauty industry through technologies that provide users with an immersive experience. Scarlett will harness the power of image processing, machine learning, and augmented reality to enable users’ customization and convenience.
The firm has assembled a team of professionals as well as a range of experts to ensure the successful development and deployment of the application. The team includes a Project Lead, who oversees the project’s development, and a Machine Learning Expert, who brings knowledge and experience in machine learning techniques.
In addition, the company is hiring a plethora of Machine Learning Engineers who will optimize machine learning models for enabling real-time beauty transformation. There is also a Backend Engineer to build strong backend infrastructure for supporting the AR and AI functionalities of Scarlett.
Ambari will also onboard Android developers and iOS developers to develop both Android and iOS versions of Scarlett. The applications must integrate with the platform’s features as well as deliver an intuitive experience for users. Lastly, the company will engage a UX Designer to create a user-centric design.
Nisha Grewal, CEO of Ambari, said that the firm is thrilled to introduce an incredible team behind the application’s development. Grewal added that every team member brings valuable expertise, which will play a critical role in creating an innovative AI-enabled beauty application. She further added that Scarlett will empower individuals to experiment, discover, and enhance their unique beauty.
