AI
New McKinsey Study Reveals Rising Adoption of Generative AI Among Businesses
Despite the nascent public availability of generative artificial intelligence (AI), experimentation with the technology is already common and organizations are deploying tools leveraging generative AI at a fast pace, a new study conducted by McKinsey found. McKinsey’s Global Survey on
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Schweizer Banken und Versicherungen setzen vermehrt auf Künstliche Intelligenz
Schweizer Finanzunternehmen setzen vermehrt auf Künstliche Intelligenz (KI) in verschiedenen Bereichen – insbesondere im Kundenkontakt. Auch generative KI ist trotz Datenschutzbedenken auf dem Vormarsch. Dies zeigt eine Studie der Hochschule Luzern in Zusammenarbeit mit Adnovum und Spitch. Spätestens seit Anfang
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Vontobel Deepens Microsoft Partnership to Deploy AI for Productivity
Swiss private banking and investment management group Vontobel announced that it is deepening its partnership with Microsoft to support its employees in their daily work through the use of artificial intelligence (AI) technology. Through this partnership, Vontobel will be deploying
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Checkout.com Launches Video-Based AI Identify Solution
Checkout.com, the global payments solution provider, launches Identity Verification, its first product focused on improving the customer onboarding and identity verification process and expanding Checkout.com’s impact on customers’ digital experience. Identity Verification utilises proprietary artificial intelligence and is trained on
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Generative AI Frenzy Pushes Nvidia Market Capitalization Past US$1T Mark
Nvidia reached a market capitalization of more than US$1 trillion early this month, becoming the ninth company in history and the world’s first chipmaker to cross that threshold, according to Bloomberg and the Guardian. The company joined fellow tech companies
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Generative AI to Produce up to US$340B Yearly in Additional Revenues for the Banking Sector
Generative artificial intelligence (AI) is expected to have a significant impact across all industry sectors but banking will be among those the most impacted, a new report by McKinsey and Company says. Estimates by the consultancy show that the technology
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EPAM Announces Strategic AI Partnership With Google Cloud
EPAM Systems, a digital transformation services and product engineering company, announced a strategic, global partnership with Google Cloud to develop and deploy Artificial Intelligence (AI)-first Google Cloud solutions to help enterprises overcome operational challenges and drive transformational growth. Through this
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Temenos Rolls Out AI-Powered Digital Mortgage Solution
Banking software company Temenos has rolled out an AI-powered mortgage solution to will help lenders deliver a personalised digital mortgage experience while reducing their costs and time to close. The composable and highly scalable solution is said to be suitable
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New Research Claims ChatGPT is Able to Predict Stock Price Movements
ChatGPT, an artificial intelligence (AI) chatbot developed by OpenAI, is capable of accurately predicting stock price movements, showcasing that large language models (LLMs) can be powerful tools for forecasting stock prices, researchers at the University of Florida said in a
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Stanford: Fintech Maintains Position as Third Biggest AI Investment Focus Area
In 2022, global private investment in artificial intelligence (AI) companies reached US$91.9 billion, a 18-fold increase compared with 2013. Of that sum, fintech companies secured the third largest amount, raising a total of US$5.5 billion, a new report released by
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