“OCBC Bank is set to revolutionize how its employees work by rolling out a generative AI chatbot, OCBC ChatGPT, globally. This groundbreaking move follows a successful six-month trial involving approximately 1,000 OCBC staff across various functions, including investment research, product management, and marketing. During the trial, employees harnessed OCBC GPT to streamline tasks such as…
Tag: Generative AI
Vendor Spotlight: Kasisto
Vendor: Kasisto Website: https://kasisto.com/ Headquarters: New York Key Products: Articles: Kasisto launches KAI-GPT, the first banking industry-specific large language model LinkLive Expands Partnership with Kasisto, Conversational AI Kasisto Raises Additional $15.5 Million From FIS and Westpac in Oversubscribed Series C Round Clients: Global: JP Morgan Chase, NedBank, TD Bank, Standard Charter, ABSA, BMO, Banks/Credit Unions:…
“Every single” Amazon team is working on generative AI, says CEO
“Jassy said during the company’s Q2 earnings call on Thursday that ‘every single one’ of Amazon’s businesses had ‘multiple generative AI initiatives’ going on. He called AI a ‘significant investment and focus’ for the company, adding that the tech was going to be ‘at the heart of what we do.’” https://www.businessinsider.com/amazons-teams-working-generative-ai-ceo-says-andy-jassy-2023-8?amp
Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030
“For those who remain in their current jobs, the nature of their work will change dramatically as 30% of their work hours will be automated away by generative A.I. ‘It is important to note that automation adoption is not the same as eliminating jobs,’ the report says. ‘Many jobs with some automatable tasks will remain,…
What Banking and Tech Leaders Are Saying About Generative AI
“Generative artificial intelligence is just a fad. Or it’s a game-changer. You aren’t moving quickly enough with AI. Or you can’t move quickly because it’s dangerous. Really, what the heck is everybody saying about this increasingly versatile and seemingly ubiquitous technology? Here’s a sampling of perspectives from across the industry.” https://thefinancialbrand.com/news/data-analytics-banking/artificial-intelligence-banking/what-banking-tech-leaders-say-about-generative-ai-165011/