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VCs continue to pour dollars into generative AI

TechCrunch

The appetite for generative AIAI that turns text prompts into images, essays, poems, videos and more — is insatiable. According to a PitchBook report released this month, VCs have steadily increased their positions in generative AI, from $408 million in 2018 to $4.8 million in 2018. DeepMind ).

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Bank of America’s big bet on AI started small

CIO

Bank of America will invest $4 billion in AI and related technology innovations this year, but the financial services giants 7-year-old homemade AI agent, Erica, remains a key ROI generator , linchpin for customer and employee experience , and source of great pride today. Gopalkrishnan says.

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ChatGPT, the rise of generative AI

CIO

Let’s explore ChatGPT, generative AI in general, how leaders might expect the generative AI story to change over the coming months, and how businesses can stay prepared for what’s new now—and what may come next. It’s only one example of generative AI. What is ChatGPT? ChatGPT is a product of OpenAI.

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LexisNexis rises to the generative AI challenge

CIO

IT leaders looking for a blueprint for staving off the disruptive threat of generative AI might benefit from a tip from LexisNexis EVP and CTO Jeff Reihl: Be a fast mover in adopting the technology to get ahead of potential disruptors. This is where some of our initial work with AI started,” Reihl says. “We We use AWS and Azure.

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Zoom knots itself a legal tangle over use of customer data for training AI models

TechCrunch

The recent terms & conditions controversy sequence goes like this: A clause added to Zoom’s legalese back in March 2023 grabbed attention on Monday after a post on Hacker News claimed it allowed the company to use customer data to train AI models “with no opt out” Cue outrage on social media.

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How generative AI impacts your digital transformation priorities

CIO

During keynotes and discussions with CIOs, I remind everyone how strategic priorities evolve significantly every two years or less, from growth in 2018, to pandemic and remote work in 2020, to hybrid work and financial constraints in 2022. Customizing and developing LLMs requires a strong business case, technical expertise, and funding.

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The people and AI that fuel Repsol’s digitalization

CIO

Repsols current digital program has more than 670 digital cases underway, of which 400 have been supported by AI and 34% are in mature operation. A sure bet on gen AI Since 2018, the company put a lot of focus on data and AI, and scaled it throughout the organization with the ambition to become moredata-driven.