Remove Industry Remove Off-The-Shelf Remove Scalability
article thumbnail

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. We are not writing essays with Erica. We are not trying to write software.

Banking 169
article thumbnail

Gather AI secures new cash to scan inventory in warehouses using drones

TechCrunch

The trio had the idea to use drones to gather data — specifically data in warehouses, such as the number of items on a shelf and the locations of particular pallets. Arora co-founded Gather AI in 2019 with Daniel Maturana and Geetesh Dubey, graduate students at Carnegie Mellon’s Robotics Institute.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Bedrock modernizes seafloor mapping with autonomous sub and cloud-based data

TechCrunch

The product Bedrock provides customers is high-resolution maps of the seafloor, made available via Mosaic, a familiar web service that does all the analysis and hosting for you — a big step forward for an industry where “data migration” still means “shipping a box of hard drives.”

article thumbnail

HPE and Danfoss put excess data center heat to use

CIO

In fact, according to the International Energy Agency, by 2026 the AI industry is expected to have grown exponentially to consume at least ten times its electricity demand in 2023. And that means cooling costs are also growing. I’ve seen numbers up to 40% of the total power consumption of a data center going to cooling.

article thumbnail

Cellino is using AI and machine learning to scale production of stem cell therapies

TechCrunch

Founded by a team whose backgrounds include physics, stem cell biology, and machine learning, Cellino operates in the regenerative medicine industry. But today, such cell therapies are out of reach for most people because the process of cell production hasn’t been automated or made scalable and efficient.

article thumbnail

Ulta Beauty embraces low-code to deliver better CX

CIO

In a fiercely competitive industry, where CX is critical to differentiation, this approach has enabled them to build and test new innovations about 10 times faster than traditional development. Flexibility, scalability, searchability Low-code also makes experimenting less risky.

article thumbnail

Low code/no code tools reap IT benefits—with caveats

CIO

Fidelity National Information Services And among low-code tools, for instance, FIS chose WaveMaker because its components seemed more scalable than its competitors, and its per-developer licensing model was less expensive than the per runtime model of other tools. So there’s a lot in the plus column, but there are reasons to be cautious, too.