A Wave Of Billion-Dollar Language AI Startups Is Coming

https://www.forbes.com/sites/robtoews/2022/03/27/a-wave-of-billion-dollar-language-ai-startups-is-coming/?sh=591347da2b14

PNC co-leads tech firm’s $50M financing round

  • “PNC Financial Services Group Inc. is an investor in an Orlando, Florida-based artificial intelligence software firm’s recently completed $50 million capital raise.
  • Kore.ai’s products SmartAssist and BankAssist bring AI virtual assistants to call centers and retail banking.”

https://www.bizjournals.com/pittsburgh/inno/stories/fundings/2021/10/11/pnc-co-leads-tech-firms-50m-financing-round.html

The Top 10 Technology Trends In Retail: How Tech Will Transform Shopping In 2020

“Here are 10 of the top tech trends that will transform shopping.

Extended Reality

Predictive Analytics (Big Data) 

Micro Moments

Recommendation Engines

Order Fulfilment Automation

Face Recognition

Stock Management

Robotic Store Assistants

Customer Chat Bots

Internet of Things (IoT) and Smart Equipment”

https://www.google.com/amp/s/www.forbes.com/sites/bernardmarr/2019/11/25/the-top-10-technology-trends-in-retail-how-tech-will-transform-shopping-in-2020/amp/

AI Stats News: 62% Of US Consumers Like Using Chatbots To Interact With Businesses

    • “Consumers in Australia, the UK, and France report the highest levels of chatbot usage, with more than 70% of respondents having used one to interact with a brand in the past year
    • 80% used them for customer care
    • more than 70% of people 18-34 years old wanting the option to message with businesses;
    • Manpower found that its collections increased 12% [Fortune]
    • The first eight IT teams at Fannie Mae to receive Moogsoft’s AIOps tool have seen a 35% reduction in IT incidents
    • On average, data volumes are growing at a rate of 63% a month;
    • The market for data-labelling services may triple to $5 billion by 2023, according to Redpoint Ventures [The Economist]
    • By 2023, the number of people with disabilities employed will triple due to AI and emerging technologies, reducing barriers to access
    • 2022, 30% of organizations will have invested in explainable AI—technology that can explain how AI algorithms come to their conclusions [Gartner]”

    https://www.google.com/amp/s/www.forbes.com/sites/gilpress/2019/10/25/ai-stats-news-us-consumers-interest-in-using-chatbots-to-interact-with-businesses-rise-to-62/amp/