Innovation news and trends

JPMorgan Chase Unveils AI-Powered Tool for Thematic Investing
Artificial Intelligence // May 03, 2024

J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday (May 3). IndexGPT creates these thematic indexes by generating a list of keywords associated with a particular theme that are...

This Week in AI: Anthropic Goes to iPhone, AI Programming, Europe’s Rise
Artificial Intelligence // May 03, 2024

This week in artificial intelligence, Anthropic is launching its first smartphone app. In computer programming, AI is rapidly reshaping practices from Silicon Valley to major tech firms. Despite Europe’s tech lag, companies are heavily investing in AI, potentially disrupting sectors like finance and manufacturing. Anthropic Launches Claude...

EdTech Earnings Bring Online Learning Platforms’ AI Struggles to Forefront
Artificial Intelligence // May 03, 2024

The online education sector continues to experience exponential growth, driven by technological advancements and the increasing demand for flexible learning options. However, the rapid rise of artificial intelligence is reshaping the education landscape, with both opportunities and challenges emerging for key industry players. In its latest earnings...

Apple Takes Measured Approach to AI Amid Tech Giants’ Race
artificial intelligence // May 03, 2024

As tech giants like Google, Microsoft and OpenAI accelerate their artificial intelligence (AI) efforts, Apple is charting a more deliberate course and expressing optimism about the technology’s future. The iPhone maker, known for its meticulous approach to product development, is carefully assessing the AI landscape...

Interviews & Exclusives
LiveRamp CFO: Developing Quick-Twitch Muscles Key to Managing Dynamic Businesses

May 03, 2024
To be successful, you must have your heart in your business, and your business in your heart. As today’s chief financial officers know best, the role of a leader is to define a common goal and enable the business to get there. “I feel immense accountability for how every team across our business performs, and I think […]

Payment Networks Spotlight Rise of Tokenization and Contactless Payments

May 02, 2024
Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data...

Enterprise AI May Have an Energy Crisis

May 02, 2024
While artificial intelligence has taken the world by storm, its rise hasn’t come cheap. “The consequence of multimodal AI is that the amount of data and compute power being used...

Cisco’s AI Chief Says Technology Will Enhance Workplace Productivity

April 15, 2024
From enhancing productivity and efficiency to revolutionizing customer experiences, artificial intelligence (AI) could reshape the future of work and commerce. PYMNTS interviewed Javed Khan, senior vice president and general manager of Cisco Collaboration,...

Quick Reads
JPMorgan Chase Unveils AI-Powered Tool for Thematic Investing

May 03, 2024
J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday (May 3). IndexGPT creates these thematic indexes by generating a list of keywords associated with a particular theme that are then analyzed using a natural language processing model that scans […]

Anthropic Launches iOS App Featuring AI Chatbot Claude

May 01, 2024
Anthropic launched an iOS app featuring its artificial intelligence chatbot, Claude. The app makes the chatbot accessible “from anywhere, any time,” the company said in a Wednesday (May 1) press release. The Claude iOS app syncs with...

Samsung Overtakes Apple in Smartphone Sales, Driven by On-Device AI

April 30, 2024
Samsung overtook Apple to become the world’s highest-volume seller of smartphones in the first quarter. To become the new holder of the No. 1 spot, Samsung shipped 60 million units during the quarter,...

AWS Launches GenAI-Powered Assistants for Software Development, Business Decision-Making

April 30, 2024
Amazon Web Services (AWS) announced the general availability of its generative artificial intelligence-powered assistants for software development and business decision-making. One assistant, Amazon Q Developer, generates code, tests, debugs and implements new...