“‘In terms of generative AI, obviously, we have work going on,’ Cook explained on Apple’s November 2023 investor call. ‘I’m not going to get into details about what it is because, as you know, we really don’t do that. But you can bet that we’re investing. We’re investing quite a bit. We’re going to do…
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Capturing the full value of generative AI in banking
“The McKinsey Global Institute estimates that among industries globally, gen AI could add the equivalent of $2.6 trillion to $4.4 trillion annually in value across the 63 use cases it analyzed.2 Among industry sectors, banking is expected to have one of the largest opportunities: an annual potential of $200 billion to $340 billion (equivalent to…
The Year A.I. Ate the Internet
“A little more than a year ago, the world seemed to wake up to the promise and dangers of artificial intelligence when OpenAI released ChatGPT, an application that enables users to converse with a computer in a singularly human way. Within five days, the chatbot had a million users. Within two months, it was logging…
Can an AI chatbot be convicted of an illegal wiretap? A case against Gap’s Old Navy may answer that
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In Congress and in class: Rep. Don Beyer works toward master’s degree in AI
“Don Beyer isn’t the average student at George Mason University. He’s 73 years old. He prefers a notebook and pen to a laptop for note-taking. And he’s a top lawmaker on AI policy in Congress. The Virginia Democrat found AI fascinating, but the breakthrough came when he realized he could enroll in computer science classes…