Generative Ai news and trends

Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’
Meta // October 30, 2024

The old saying is you’ve got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact remains that the long-term artificial intelligence (AI) roadmap will require as yet undefined billions of dollars of capital investments in...

Mastercard Teams With Databricks on GenAI Assistant
artificial intelligence // October 29, 2024

Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. This is the first application developed by Mastercard’s new in-house capability for building and deploying knowledge agent tools, the company said in a Tuesday (Oct. 29)...

AI Digital Agents Could Soon Use Your Browser
artificial intelligence // October 28, 2024

Google’s rumored development of “Project Jarvis,” an artificial intelligence (AI) system that can commandeer web browsers to complete online tasks, signals Silicon Valley’s latest push to change eCommerce through AI-powered digital agents.  The Information reported that the initiative, which could launch as soon as December...

Consumer Subscriptions Account for 75% of OpenAI’s Revenue
artificial intelligence // October 28, 2024

Seventy-five percent of OpenAI’s revenue reportedly comes from consumer subscriptions. OpenAI Chief Financial Officer Sarah Friar also told Bloomberg TV Monday (Oct. 28) that the company’s ChatGPT has 250 million weekly active users and that 5% to 6% of free users sign up for the...

Interviews & Exclusives
Meta’s Zuckerberg Touts AI Progress but Warns of ‘Serious Infrastructure’

October 30, 2024
The old saying is you’ve got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact remains that the long-term artificial intelligence (AI) roadmap will require as yet undefined billions of dollars of capital investments in the next year and beyond. The read across might be […]

Meta Goes to the GenAI Movies to Help Retailers Improve Online Sales

October 08, 2024
Meta’s new Movie Gen artificial intelligence (AI) video creation tool could level the playing field for small businesses in the digital marketplace, experts say.  Movie Gen joins an expanding list...

AI Chatbots Spill the Beans on Company Trade Secrets

October 07, 2024
As artificial intelligence (AI) chatbots enter workplaces, they’re not just boosting productivity — they’re opening digital back doors to corporate secrets, with over a third of employees unwittingly playing the...

Amazon and Walmart Dial Up Search to Boost Consumer Loyalty

October 04, 2024
Amazon and Walmart are improving their search capabilities with next-gen technologies such as generative artificial intelligence (AI) in an effort to increase consumers’ spending and loyalty. Amazon shared Wednesday (Oct....

Quick Reads
Walmart Taps AI to Add Personalization to Holiday Shopping Experience

October 31, 2024
Walmart is touting its AI capabilities as it prepares for the holiday shopping season. The retail giant on Wednesday (Oct. 30) announced several ways it would use artificial intelligence (AI) and generative AI (GenAI) to help consumers, such as helping to offer personalized shopping suggestions. “In the U.S., if a customer previously searched for board games, they may […]

Mastercard Teams With Databricks on GenAI Assistant

October 29, 2024
Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. This is the first application developed by Mastercard’s new in-house capability...

Consumer Subscriptions Account for 75% of OpenAI’s Revenue

October 28, 2024
Seventy-five percent of OpenAI’s revenue reportedly comes from consumer subscriptions. OpenAI Chief Financial Officer Sarah Friar also told Bloomberg TV Monday (Oct. 28) that the company’s ChatGPT has 250 million...

VAT4U Adds AI-Powered Capabilities to VAT Management Platform

October 24, 2024
VAT4U has added generative artificial intelligence (AI)-powered capabilities to simplify value-added tax (VAT) processes. The upgraded VAT4U SmartAI engine focuses on helping businesses manage VAT for accounts payable (AP) and...