“As the financial services industry evolves, retail banks must prioritize catching up with the rapid advancements in AI technology. The potential benefits of AI are too significant to ignore, and banks that fail to adapt risk falling behind their more innovative competitors. That said, any commitment to investment in AI must consider other technology priorities…
Tag: Generative AI
Apple just launched a public demo of its ‘4M’ AI model: Here’s why it’s a big deal
“The 4M (Massively Multimodal Masked Modeling) demo showcases a versatile AI model capable of processing and generating content across multiple modalities. Users can interact with the system to create images from text descriptions, perform complex object detection, and even manipulate 3D scenes using natural language inputs.” Read more: https://venturebeat.com/ai/apple-just-launched-a-public-demo-of-its-4m-ai-model-heres-why-its-a-big-deal/
How Banks Can Get Past the AI Hype and Deliver Real Results
“Three Steps Towards Doing GenAI Right in Banking: 1. Ditch FOMO and get down to the basics of how GenAI fits your business plan and your bank. 2. Be ready to ask for the right help. 3. Be prepared for wholesale changes over time.” Read more: https://thefinancialbrand.com/news/data-analytics-banking/artificial-intelligence-banking/forrester-bank-genai-strategy-should-fit-tech-to-business-plan-179081/
Top 4 AI Chatbot Posts 6/30/24
Best AI Chatbots of 2024 “Claude by Anthropic is the best AI chatbot overall right now. That doesn’t mean ChatGPT or Perplexity are bad. Actually, both have their own advantages and disadvantages. Overall, though, the breadth at which Claude is able to answer questions and its calibration towards nuance and engagement should make it the most…
US Bank has used AI for fraud detection
“US Bank has used AI for fraud detection as well as brand campaigns, but CMO Michael Lacorazza says the potential of the technology is yet to be fully understood” https://dai.ly/x90xvu2