“Sohoni, the senior partner at McKinsey, says that generative A.I. models, which ‘generate’ new content based on terabytes and terabytes of training data, can spread ‘personalization writ large’ across finance. This means that banks could conceivably generate custom credit cards with financial rewards directly targeted to a consumer who, for example, dines out more often…
Tag: Brandon McGee
BREAKING THE BANK: HOW FINTECH IS STIRRING UP A SAVINGS REVOLUTION IN THE DIGITAL AGE
“The fintech vanguard aims to transform savings into an exercise as simple and enticing as savouring a hot cup of chai on a cold winter morning. They are disrupting traditional savings methods, harnessing insights from the psychology of saving and capitalising on the allure of instant gratification. Picture this: saving a fraction of every restaurant…
Fed launches new payments system that lets you send money in seconds
“The Federal Reserve Thursday officially launched its long-awaited instant payment service FedNow, which allows consumers and businesses to send and receive money in seconds. The system lets Americans pay for groceries instantly, businesses pay their suppliers, or people pay each other. It will be available 24 hours a day, every day of the year, with…
Apple is testing a ChatGPT-like AI chatbot
“Apple is developing artificial intelligence tools to challenge OpenAI, Google and others, according to a new report from Bloomberg’s Mark Gurman. The tech giant has created a chatbot that some engineers are internally referring to as ‘Apple GPT.’” https://techcrunch.com/2023/07/19/apple-is-testing-chatgpt-like-ai-chatbot/amp/
Rolling Out A Generative AI Strategy In 2023
“74% of organizations that adopt AI into their marketing efforts have seen their revenue increase.” https://www.forbes.com/sites/forbestechcouncil/2023/07/17/rolling-out-a-generative-ai-strategy-in-2023/amp/