“In a recent report, the McKinsey Global Institute, the research arm of the consulting firm, included a timeline for the widespread adoption of generative A.I. applications. It assumed steady improvement in currently known technology, but not future breakthroughs. Its forecast for mainstream adoption was neither short nor precise, a range of eight to 27 years.”…
Tag: ai Banking
How banks can adopt generative AI
Vendor Spotlight: Kore.ai
Vendor: Kore.ai Website: https://kore.ai/ Headquarters: Orlando, Hyderabad, London, Tokyo, Seoul, Frankfurt Key Product: Articles: This AI Startup Is Taking on Google and Microsoft By Doing the Exact Opposite (Here’s Why That’s Genius) KoreAI updates make it easier to build low-code chatbots with ChatGPT’s large language model Clients: PNC Bank, Vanguard, ATT, Coca-Cola Recognition/Awards: Executives: Case…
5 Areas Where Every Business Should Be Using Cognitive AI Today
“The global market for AI-based cybersecurity products amounted to roughly $15 billion in 2021, and it is forecast to reach a value of around $134 billion by 2030. With cyberattacks on the rise, the advanced protective capabilities of cognitive AI are now necessary to protect consumer and corporate data.” https://www.entrepreneur.com/science-technology/5-areas-where-every-business-should-be-using-cognitive-ai/456661
How AI can advance open banking
“Compared to 17 million people who use Buy Now Pay Later (BNPL) services in the UK, Open Banking remains relatively low, as stated by the seven million figure previously mentioned. With that said, it has been increasing, and may rise from 15% of the public to 44% by 2027 if this trajectory continues.” https://bdtechtalks.com/2023/08/10/ai-open-banking/amp/