“By 2023, banks are projected to save approximately $447 billion by developing and implementing AI applications. Some of the fine examples are below. Thanks to AI, banks generate almost 66% more revenue from mobile banking users in comparison when customers visit branches. There are more ways to apply AI in the finance industry. According to…
Tag: Brandon McGee
How AI Is Powering Modern Banking Transformation
“One out of three financial services professionals believe AI will increase their company’s annual income by at least 20 percent. NVIDIA’s survey found that one out of two C-suite respondents plan to increase spending on AI infrastructure by greater than 10 percent in 2021, compared to 2020.” https://www.google.com/amp/s/www.forbes.com/sites/vmware/2021/07/26/how-ai-is-powering-modern-banking-transformation/amp/
AI Weekly: AI adoption is driving cloud growth
“In a recent survey, 80% of U.S. enterprises said they accelerated their AI adoption over the past two years. A majority consider AI to be important in their digital transformation efforts and intend to set aside between $500,000 to $5 million per year for deployment efforts. Organizations were projected to invest more than $50 billion…
From computerized carts to “Chef Bots,” how AI is becoming a bigger part of grocery shopping
“Lindon Gao is the chief executive officer of Caper, a technology company that created the Caper Cart, the “world’s first AI-powered shopping cart.” Originally launched in 2019 at the New York-based supermarket Foodcellar & Co., the Caper Cart looks like a typical shopping cart. However as customers place items in the basket, they are weighed,…
Smart-home device maker Wyze raises $110M as it plans to inject AI heavily into camera products
“‘We are doubling down and investing heavily to build world-class artificial intelligence into our camera products,’ Wyze co-founder and Chief Marketing Officer Dave Crosby told GeekWire. ‘Just in the last year, our AI team has built person detection, vehicle detection, package detection and pet detection into our cameras.’” https://www.google.com/amp/s/www.geekwire.com/2021/smart-home-device-maker-wyze-raises-110m-plans-inject-ai-heavily-camera-products/amp/