Wealth Management Firms in US to Double AI Budgets
Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.
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LightOn to Become Europe’s First Listed GenAI Startup
The French startup LightOn, which operates in the area of generative artificial intelligence, has launched an initial public offering (IPO) of shares on the Euronext Growth market in Paris.
GenWise Teams Up With Axis Bank to Bring UPI Payments to Senior Citizens in India
GenWise aims to empower India’s elderly population with the speed and convenience of UPI digital payments in its app-based online club for senior citizens.
Prime Video’s X-Ray Recaps Use GenAI to Sum Up TV Shows
Amazon Prime Video’s new X-Ray Recaps feature uses GenAI to help viewers catch up on key plot points of their favourite shows without rewinding or risking spoilers.
Chinese Unicorn Zhipu AI Raises $210 Million
Zhipu AI, one of the leading Chinese startups in the area of generative artificial intelligence, has announced the initial closure of its venture capital vehicle.
Perplexity AI Reportedly Nears $500 Million Funding Round
Media reports that Perplexity AI, a startup that developed an artificial intelligence-based search engine, is currently in the final stages of the process of raising $500 million in funding with a valuation of $9 billion.
Amazon Bedrock Launches New AI Models
Anthropic’s Claude 3.5 Haiku and the upgraded Claude 3.5 Sonnet, Amazon Bedrock’s latest, smartest and fastest AI models, are now generally available.
Chinese AI Companies Spend Huge Sums on Ads
In China, local companies that operate in the artificial intelligence area are currently racking up huge advertising bills.
AWS Launches AI Partner Alliance
Amazon has launched an initiative to expand the reach of its Generative AI Innovation Center.
Apple Plans ChatGPT Integration
Apple announced the December integration of OpenAI’s ChatGPT chatbot.
Enterprise Cloud Infrastructure Spending Surges to $84B
In Q3 2024, global enterprise spending on cloud infrastructure services was $84 billion, up 23% from the same period in 2023, with generative AI driving the market acceleration.
Visa Reportedly Uses More Than 500 Gen AI Apps
The media published information according to which the payment industry giant Visa currently uses more than 500 apps based on generative artificial intelligence.
Amazon Introduces New Virtual Holiday Shop
Holiday shopping has just become easier and more fun with a new virtual holiday shop by Amazon.
OpenAI Launches ChatGPT Search
OpenAI on Thursday, October 31, launched a search feature in its chatbot called ChatGPT.
Mastercard Launches AI-Powered Digital Assistant Tool
Mastercard’s new in-house AI capabilities include a chat-based assistant, source management, and learning improvements with human feedback.
Booking.com Expands AI-Powered Features
Booking.com, a digital travel platform, expands its features, which are powered by artificial intelligence.
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