“‘Historically, these systems have not been good at saying, ‘I just don’t know the answer,’ and when they don’t know the answer, they just make stuff up,’ Conitzer said. ‘Kind of like a student on an exam that says, well, if I say I don’t know the answer, I’m certainly not getting any points for…
Tag: bmcgee
Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank
“‘The broad vision that we’re working towards is one where the JPMorgan Chase of the future is going to be a fully AI-connected enterprise,’ Waldron said. JPMorgan, the world’s largest bank by market capitalization, is being “fundamentally rewired” for the coming artificial intelligence era, according to Waldron. The bank, a heavyweight across Main Street and…
ChatGPT can buy stuff for you now – forever changing online shopping
“Now, you can buy products instantly within ChatGPT, called Instant Checkout, OpenAI announced Wednesday. As the name implies, the feature enables users to place an order directly within a conversation with the chatbot, facilitating purchases without exiting ChatGPT’s interface. When you ask a shopping question or request help finding a specific item, ChatGPT automatically populates…
Banking on AI: Huntington Exec on Innovation and Risk Oversight
“I see four main themes shaping AI in the near term for financial services. First is that models are really proliferating, especially from technology companies, but more relevant to us is that our large key vendors and partners that support technology infrastructure are deploying AI into their product sets. We expect that a majority of…
Banking’s AI future: Industry executives reveal 5 lessons for responsible and profitable transformation
“Lesson 4: Empower your bank’s innovators. Future-proofing with AI means shifting from procuring innovation to driving it. Equipping IT and developer teams with AI tools unleashes productivity gains, freeing employees from menial tasks and unlocking their capacity for deeper problem-solving and innovation. A telling example: Faced with the tedious, manual process of loan data entry, Old National…