Remove 2022 Remove Generative AI Remove Innovation
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Banks bet on AI to deliver digital efficiencies

CIO

The Global Banking Benchmark Study 2024 , which surveyed more than 1,000 executives from the banking sector worldwide, found that almost a third (32%) of banks’ budgets for customer experience transformation is now spent on AI, machine learning, and generative AI.

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10 AI strategy questions every CIO must answer

CIO

Here are 10 questions CIOs, researchers, and advisers say are worth asking and answering about your organizations AI strategies. What are we trying to accomplish, and is AI truly a fit? Business and IT leaders thought theyd be left behind if they werent adopting AI as fast as the earliest users.

Strategy 211
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This startup wants to train art-generating AI strictly on licensed images

TechCrunch

Generative AI, particularly text-to-image AI, is attracting as many lawsuits as it is venture dollars. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in a legal case that alleges they infringed on the rights of millions of artists by training their tools on web-scraped images.

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Top 7 generative AI use cases for business

CIO

The launch of ChatGPT in November 2022 set off a generative AI gold rush, with companies scrambling to adopt the technology and demonstrate innovation. Many AI experts say the current use cases for generative AI are just the tip of the iceberg. We were all-hands-on-deck,” Reihl told CIO.com. “We

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Should finance organizations bank on Generative AI?

CIO

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. In short, yes. But it’s an evolution. billion by 2032.

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AI as a growing child: How we can shape its future responsibly

CIO

These groups determine how AI is deployed and regulated. If these relationships prioritize profit over fairness or innovation over inclusion, entire communities risk being excluded from the benefits of AI. Without these programs, theres little accountability for whether AI serves everyone equitably or just the privileged few.

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AWS revenue growth stabilizes with a boost from generative AI-led services

CIO

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. The new workloads, according to Jassy, are mostly related to AI and generative AI. Amazon Web Services, Generative AI