“More recently, Apple has focused on growing its services revenue, which leverages that massive user base. Apple could offer a subscription service that gives users more AI features. It could integrate it into its other subscription services like Apple Music and Apple News, or bundle it as part of its Apple One subscription. Apple could…
Tag: Brandon McGee
Why Walmart’s quick success in generative AI search should have Google worried
“AI and search, shopping business model shifts It’s not only Walmart investing in this type of search in the retail sector. Instacart’s AI-enabled “Ask Instacart” allows customers to search based on theme like dinner or date night rather than by item. Amazon’s AI shopping assistant Rufus lets people have a conversation with the platform about what they need rather…
E-commerce’s newest evolution: Hyper-personalization, for everyone, all the time?
“At the heart of hyper-personalization lies the ability to harness vast amounts of consumer data to deliver tailored shopping experiences. Retailers are leveraging advanced analytics to gain insights into individual preferences, behaviors and purchasing patterns. By understanding each customer’s unique needs and interests, retailers can curate product recommendations, promotions, and marketing messages that resonate on…
Citi exec: Generative AI is transformative in banking, but risky for customer support
“When I joined Citi four and a half years ago, data science or analytics before I even talk about AI, was often an afterthought. We used to think: ‘We’ll use analysis to prove a point that the business already had in mind,’” she said during a conversation that I moderated. “The advent of gen AI…
JPMorgan has AI-driven management software that has slashed manual work by nearly 90%
“The bank revealed in November that AI has already started generating revenue for the bank. Though it didn’t divulge a dollar figure, JPMorgan had already set a target of $1 billion in “business value” produced entirely by AI in 2023. The firm even increased that goal to $1.5 billion at its investor day in May,…