“‘In terms of generative AI, obviously, we have work going on,’ Cook explained on Apple’s November 2023 investor call. ‘I’m not going to get into details about what it is because, as you know, we really don’t do that. But you can bet that we’re investing. We’re investing quite a bit. We’re going to do…
Tag: Generative AI
Capturing the full value of generative AI in banking
“The McKinsey Global Institute estimates that among industries globally, gen AI could add the equivalent of $2.6 trillion to $4.4 trillion annually in value across the 63 use cases it analyzed.2 Among industry sectors, banking is expected to have one of the largest opportunities: an annual potential of $200 billion to $340 billion (equivalent to…
AI in Banking: AI Will Be An Incremental Game Changer
“Despite that gradual onset, the potential for wide-ranging application of generative AI means the banking sector is among those likely to experience the biggest impact from the advancement. On an annual basis, generative AI could add between $200 billion and $340 billion in value (9%-15% of banks’ operating profits) if the use cases are fully…
How generative AI is entering the conversation in banking
“Ally.ai, the bank’s cloud-based platform, which utilizes AI to transcribe contact center calls in real time, thereby freeing agents from multitasking and allowing them to focus on the client conversation, has already been deployed to more than 700 customer service reps.” https://www.americanbanker.com/list/how-generative-ai-is-entering-the-conversation-in-banking
You.com launches new APIs to connect LLMs to the web
“‘[We’ve] received many requests for an API with these capabilities,’ You.com CEO and founder Richard Socher told TechCrunch in an email interview. ‘When you ask about a recent event, like a Super Bowl score on the day of the Super Bowl, our API will search for those scores on the web and then you can…