“Retailers expect an average revenue increase of 28.7% over the same period in 2018 In addition, companies expect a 22% hike year-over-year on Cyber Monday, and 29% for the season as a whole. All that said, brands are bedeviled by many challenges. Here are the main ones: • Delivery logistics — 27.8% • Discounting eating…
Month: October 2019
McWilliams: FDIC Guidance Forthcoming on AI, Machine Learning
“The FDIC is in the process of developing guidance for financial institutions on artificial intelligence and machine learning, FDIC Chairman Jelena McWilliams said during a speech in Washington, D.C., today. McWilliams said that the guidance will address the “everyday” use of AI and machine learning, as well as how the FDIC will look at it…
Former Stitch Fix COO Julie Bornstein is rewriting the e-commerce playbook
“Shortly after departing Stitch Fix, Bornstein began building The Yes, an AI-powered shopping platform expected to launch in the first half of 2020. ‘AI and machine learning already dominate in many verticals, but e-commerce is still open for a player to have a meaningful impact,’ Callaghan said in a statement. ‘Amit is leading a team…
How Will Artificial Intelligence Change The Banking Industry?
“Why Banks Are Opting For AI Applications And Services? There are multiple reasons for the increased adoption of AI in the banking sector. This includes: 1 The immense competition in the banking sector 2 Push for process-driven services 3 Introduce self-service at banks 4 Demand from customers to provide more customised solutions 5 Creating operational…
Abu Dhabi Announces the Establishment of the World’s First Graduate Level AI University
“The University will offer Master of Science (MSc) and PhD level programs in key areas of AI – Machine Learning, Computer Vision, and Natural Language Processing. All admitted students will receive a full scholarship, monthly allowance, health insurance, and accommodation. Graduate students can now apply to MBZUAI via the University’s website. The first class will…