Gen Ai news and trends

Telcos Gear Up for Global 5G Rollouts Amid Increasing Adoption of GenAI
artificial intelligence // March 19, 2024

Generative AI is gaining momentum in the telecommunications industry, offering benefits such as improved customer experiences and operational efficiency. Telecom executives, recognizing its potential, are actively integrating generative AI into their operations, according to findings detailed in the latest edition of the “Generative AI Tracker®,”...

21 Payments Execs Reflect on 2023’s Strategic Shifts
Opinion // December 29, 2023

Amid economic turmoil, technological leaps and evolving consumer behavior, the payments and digital commerce landscape experienced unprecedented transformations that rippled across sectors in 2023. These changes demanded adaptability and innovation, shaping strategies in response to evolving consumer preferences and the complex web of macroeconomic dynamics....

Consumer Interest in AI Shopping Creates Online Grocery Opportunity
artificial intelligence // October 19, 2023

With many consumers open to using artificial intelligence (AI) as they shop, grocers and grocery technology providers alike are seizing on the opportunity to boost efficiency and drive engagement. By the Numbers The September installment of PYMNTS Intelligence’s “Consumer Inflation Sentiment” report, the “Consumer Interest...

It’s Not Just FTX: Businesses Are Giving Anthropic Billions for Safer AI
Artificial Intelligence // October 12, 2023

On the surface, cryptocurrency and artificial intelligence (AI) don’t have much in common.  But there is a quiet connection between the firm responsible for possibly the greatest — allegedly criminal — failures of yesteryear’s hyped up technology, crypto, and the startup darling of the current...

Quick Reads
Bank of America: AI Poised to Disrupt Every Sector

October 11, 2023
Artificial intelligence (AI) is predicted to have a significant economic impact, potentially reaching $15.7 trillion by the end of the decade, according to Bank of America. This emerging technology is expected to touch all facets of the global economy and drive economic growth, Bank of America analysts, led by Alkesh Shah, stated in an investor note, Seeking […]

Report: AI Startup Anthropic Looking to Secure $2 Billion Funding

October 04, 2023
Artificial intelligence (AI) startup Anthropic is reportedly engaged in talks to secure a $2 billion in funding. The deal has not been finalized, and the valuation for the company has not been...

Sequoia Capital to Focus on AI Companies Utilizing Foundation Models

October 02, 2023
Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI.  Roelof Botha, partner at Sequoia Capital, said that...

Amazon Deploys Generative AI to Help Sellers Create Product Listings

September 13, 2023
Amazon has launched generative AI capablities to help sellers create and manage their product listings. These capabilities simplify the process of creating compelling product descriptions and titles, making it easier...