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

CIO

TIAA has launched a generative AI implementation, internally referred to as “Research Buddy,” that pulls together relevant facts and insights from publicly available documents for Nuveen, TIAA’s asset management arm, on an as-needed basis. When the research analysts want the research, that’s when the AI gets activated.

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CIOs’ lack of success metrics dooms many AI projects

CIO

Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. The potential cost can be huge, with some POCs costing millions of dollars, Saroff says.

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5 Things To Look For When Evaluating AI Startups

Crunchbase News

First, LLM technology is readily accessible via APIs from large AI research companies such as OpenAI. LLM customization Is the startup using a mostly off-the-shelf LLM — e.g., OpenAI ’s ChatGPT — or a meaningfully customized LLM? By Bob Ma According to a report by McKinsey , generative AI could have an economic impact of $2.6

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

TechCrunch

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. Ralf Haller is the executive vice president of sales and marketing at NNAISENSE. It sounds like a great idea, but there is a caveat — “one-size-fits-all” syndrome.

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

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Bandit ML helps e-commerce businesses present the most effective offer to each shopper

TechCrunch

Conti (who founded the company with Lionel Vital and Joseph Gilley) is a former Uber software engineer and researcher himself. Bandit ML aims to optimize and automate the process of presenting the right offer to the right customer. The startup was part of the summer 2020 class at accelerator Y Combinator. It also raised a $1.32

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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

Judes Research Hospital, the public cloud is a good way to get knowledge into the hands of researchers who arent part of their ecosystem today, says SVP and CIO Keith Perry. Over the past few years, enterprises have strived to move as much as possible as quickly as possible to the public cloud to minimize CapEx and save money.

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