Finance’s biggest firms are considering how AI might impact jobs
Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. TARGIT – BI Survey The US and some of its allies just pulled off a milestone first by letting AI target enemies like it would in a war The trial, led by the US Army, was the first time AUKUS members used AI in a simulated battlefield environment akin to a real conflict. It looks like Sam Altman is dropping hints about OpenAI’s next big thing Strawberry aims to give OpenAI’s tech autonomous internet navigation and deep research capabilities, according to a Reuters report. TARGIT Software Reviews, Demo & Pricing – 3 in 4 workers say AI reduced productivity and increased workloads, survey finds A recent survey found that workers were spending more time reviewing AI content or learning how to use the tools. Everything we know about how finance giants are adopting AI, from Goldman Sachs to Blackstone Finance’s biggest firms are considering how AI might impact jobs, how it could cut costs, and reduce “grunt work.” TARGIT Decision Suite LinkedIn Tech 2024-08-07T18:58:33Z OpenAI’s brain drain isn’t a great look for Sam Altman OpenAI is losing key members like cofounder John Schulman to rivals, adding to challenges in the AI market and trust issues for CEO Sam Altman. A CMO tried Google’s AI tools and stopped using many of them The executive has been using Google’s Performance Max, Smart Bidding, and Gemini. These are their findings. TARGIT Decision Suite Business Intelligence & Analytics Tool AI was supposed to revolutionize customer service. Morgan Stanley’s interns aren’t buying it. The bank surveys its interns on their technology habits and views. What they said about AI customer service is another warning for the tech industry. Meta’s AI keeps pretending to be me and giving my phone number out to strangers A weird tech glitch with the new Meta AI chatbot highlights the thorny legal and ethical issues facing AI today. The GenAI jitters: Is there enough demand for $1 trillion in AI spending? When you build a lot of new AI data centers, it’s very hard to undo that if end-demand turns out to be weaker than expected. Tech 2024-08-02T21:09:15Z Google, Netflix, and OpenAI execs are hosting a fundraiser for Kamala Harris Kamala Harris has friends in high-tech places as execs from Google, Netflix, and OpenAI organize a fundraiser for the Democratic presidential hopeful. The New York Times and other top news sites block OpenAI’s new SearchGPT web crawling bot The startup launched a new search engine last week. Some top publishers have already made clear that they want nothing to do with the new product. Tech 2024-08-02T18:00:24Z Meta, Amazon, and Alphabet are spending big in a battle to dominate AI. It might not end well. Big Tech giants concede that AI is costing huge sums of money with little return on investment right now. But they say it’s worth the risk. Why workers who lose their jobs to AI might not stay unemployed for long The AI boom won’t follow the same path as the US’s manufacturing decline, an economist says. Workers will have a better chance of finding new jobs. Play Icon A triangle pointing right. It indicates that this type of media can be played or that the linked content is playable. CMO Insider 2024-08-01T20:59:29Z Play icon A circle surrounding a triangle pointing right. It indicates, “this type of media can be played.” How American Express, DoorDash, JP Morgan Chase, and more are using AI to improve business CMOs from major brands reveal how their companies are using AI and its positive impact on the business. Reddit has acquired an AI startup to beef up its ad business in a deal worth around $40 million Reddit hopes its purchase of Memorable AI will boost the performance of advertising on its platform. Meta scraps celebrity AI chatbots after less than a year, despite reportedly paying top creators as much as $5 million Meta is shifting focus to its new AI Studio, which lets users create their own AI bots. Amazon has discussed a ‘DoctorAI’ tool to automate routine healthcare tasks In a leaked document from late 2023, Amazon’s One Medical team discussed their most disruptive ideas. One was a ‘DoctorAI’ large language model. A CIO canceled a Microsoft AI deal. The reason should worry the entire tech industry. The pharmaceutical company IT exec said Microsoft’s Copilot AI tools were not worth the extra money. Business Intelligence vs. Competitive Intelligence: What’s the Difference? Business Intelligence vs. Competitive Intelligence: An Overview Competitive intelligence is the act of understanding a company’s industry and industry rivals so the company can make better business decisions. Business intelligence refers to the tools, software, and systems that play a vital role in the strategic planning process of a company. Key Takeaways Competitive intelligence is the outward-focused analysis of a business’s competitors to identify advantages and potential strategies.In contrast, business intelligence is the inward-focused evaluation of the business’s own data, which can help improve efficiency and growth.Combining both business and competitive intelligence provides a framework for action that can help increase stability, profitability, and success. Competitive Intelligence Competitive intelligence is an acute type of market research conducted by a business. With competitive intelligence, businesses use the same type of tactics utilized when conducting market research; however, the focus is to answer more target questions rather than review broad market trends. Competitive intelligence can include the knowledge of a competitor’s operations or business partners, as well as a deeper understanding of the industry in which a company operates. Competitive intelligence is any material …