“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: NLP
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/
AWS Exec: Generative AI can create a flywheel effect for business growth
“Cybersecurity is a good example to illustrate the flywheel potential of LLMs for other enterprises, Wood said. Let’s say you start to experience a set of threats emerging in your application. These threats have subtle signals, because they’re split across multiple services and architectures. But just in a few places, you just start to see…
Investing in Digital Humans: Why Businesses Are Banking On AI to Enhance Customer Experience
Why Financial Institutions are Banking on AI
“Virtual assistants and chatbots: Customer experience may be more important than ever. With its ability to resolve customer queries while reducing operational cost, conversational AI rules the day. In fact, a new study anticipates automation will save banks $7.3 billion globally this year—that’s 862 million hours, equivalent to nearly half a million working years.” https://www.cio.com/article/472323/why-financial-institutions-are-banking-on-ai.html/amp/