Credit: geralt via Pixabay “Top tier banks are adopting AI,” she said. “They’re using machine learning, But that doesn’t really move the banking industry that much. What JPMorgan is doing, for example, a midsize bank would say, ‘Well, they are JPMorgan. They have the resources, the bandwidth, and the budgets to do that.’ Midsize banks…
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Facebook’s new poker-playing AI could wreck the online poker industry—so it’s not being released
“A team from Carnegie Mellon University (CMU) and Facebook used a combination of AI techniques to out-bet and out-bluff human players in a game of six-player, no-limit Texas Hold’em. Each of the humans involved had previously won more than a million dollars at the poker table—which included Darren Elias, who holds the record for most…
JD.com adopts AI to drive growth in small cities, among female users as ecommerce slows
“Zhou Bowen, head of AI at JD.com, said the company’s AI-powered SnapShop, which allows users to take a photo of a product and provide identical and similar product recommendations, is helping it grow business in smaller cities and among young female consumers of fashion and beauty products, all of which are growth markets for JD.com.”…
How BankMobile Uses Artificial Intelligence to Streamline Key Functions
“A young mobile-first bank finds that overcoming AI risk worries brings improvements in retail banking service, better consumer lending performance, and the potential for improvements and savings in operational costs. Leader Luvleen Sidhu says more financial institutions should follow her bank’s example.” https://thefinancialbrand.com/85270/bank-credit-union-ai-artificial-intelligence-bankmobile/ https://www.bankmobile.com
eBay Works to Disrupt Ecommerce at Recent Hack Week
“What happens when over 3,000 employees globally spend a week innovating and reimagining the eBay experience? Magic. This is the word eBay’s Director of Innovation Programs, Nousheen Eslambolchi, uses to describe Hack Week — eBay’s annual week-long program aimed to cultivate new ideas and disrupt ecommerce.” https://www.ecommercebytes.com/2019/07/10/ebay-works-to-disrupt-ecommerce-at-recent-hack-week/