“Alibaba Group Holding has revealed its own home-grown high-performance AI inference chip, a neural processing unit (NPU) named Hanguang 800, as it pushes further into the field of artificial intelligence and seeks to make its ecommerce platform more efficient.” https://www.abacusnews.com/tech/alibaba-has-new-ai-chip-its-ecommerce-platform/article/3030325
Tag: artificial intelligence
6 Steps to Improve Banking CX Through Artificial Intelligence
“In customer experience terms, AI and machine learning can help marketers in retail banking to predict client needs and deepen relationships. They can do this through more personalizing their approaches, fine-tuning campaigns for maximum effectiveness, targeting consumer segments that represent the best acquisition prospects, and identifying attrition risks and causes.” Click for full article and…
Anticlimax: Monetate, Pa. retail-software maker that drew $46M from hopeful investors, bought by Texas competitor
“Monetate, a Conshohocken-based company whose software personalizes online shopping for customers, announced Thursday that it is being acquired by Kibo, a Dallas-based rival. Kibo, which employs about 265 people, provides cloud-based software for online commerce. In February, it acquired Certona, a recommendation engine that also uses AI to streamline e-commerce sales. Kibo’s client base includes…
How US Businesses Can Gain Visibility and Control Through AI in Banking
“In order to maintain adequate cashflow, gaining visibility and control of spending is vital for businesses. However, currently, this is something many US businesses, SMEs in particular, struggle with, as shown by the fact 82% of business failures are due to poor cash management As banks begin to address this problem, we are seeing the…
AI in Finance: Insights from BNY Mellon
“AI is now assisting in the creation of investment strategies. Some firms are using AI for robo-advising creating digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. Additionally, AI is helping create more complete profiles of clients for investment managers so they can better serve each client. The biggest…