article thumbnail

Banks bet on AI to deliver digital efficiencies

CIO

Banks hope these shifts will enable them to innovate faster and work more efficiently in a rapidly changing market. Marketing and customer service: Nearly half (49%) of bankers surveyed said they use gen AI within their marketing or customer service operations.

Banking 212
article thumbnail

5 Things To Look For When Evaluating AI Startups

Crunchbase News

Roughly 75% of that value will emanate from productivity gains across customer operations, sales and marketing, software engineering, and R&D. Standard products include employee copilots, content generation for marketing, back-office automation and enterprise knowledge search. trillion to $4.4 trillion annually.

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

AI as a service to solve your business problems? Guess again

TechCrunch

Ralf Haller is the executive vice president of sales and marketing at NNAISENSE. Industries of all types are embracing off-the-shelf AI solutions. That’s a far cry from what most online off-the-shelf AI services offer today. It sounds like a great idea, but there is a caveat — “one-size-fits-all” syndrome.

article thumbnail

Medal.tv, a video clipping service for gamers, enters the livestreaming market with Rawa.tv acquisition

TechCrunch

Medal.tv, a short-form video clipping service and social network for gamers, is entering the livestreaming market with the acquisition of Rawa.tv, a Twitch rival based in Dubai, which had raised around $1 million to date. CEO Pim de Witte, as to his company’s interest in Rawa. Image Credits: Medal.tv.

Video 246
article thumbnail

‘Just-in-time’ AI: Has its moment arrived?

CIO

Just as Japanese Kanban techniques revolutionized manufacturing several decades ago, similar “just-in-time” methods are paying dividends as companies get their feet wet with generative AI. The timeliness is critical. You don’t want to do the work too much in advance because you want that real-time context. Google has come up with a RAG service.

article thumbnail

9 IT resolutions for 2025

CIO

Kenney plans to partner with commercial off-the-shelf software providers to facilitate a proof-of-concept of their out-of-the-box functionality. CIOs are an ambitious lot. Not the type to be satisfied with the status quo, they have set big goals for themselves in the upcoming year, according to countless surveys of IT execs.

article thumbnail

Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. I’d like to think that we’re the cheapest in the market.

Banking 238