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Banks bet on AI to deliver digital efficiencies

CIO

Even beyond customer contact, bankers see generative AI as a key transformative technology for their company. In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens.

Banking 212
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How AI orchestration has become more important than the models themselves

CIO

The sheer number of options and configurations, not to mention the costs associated with these underlying technologies, is multiplying so quickly that its creating some very real challenges for businesses that have been investing heavily to incorporate AI-powered capabilities into their workflows. From Llama3.1 to Gemini to Claude3.5

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9 IT resolutions for 2025

CIO

Hes leveraging his vendor relationships to keep pace with emerging as well as tried-and-true technologies and practices. 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. Were embracing innovation, he explains.

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5 Things To Look For When Evaluating AI Startups

Crunchbase News

Bob Ma of Copec Wind Ventures AI’s eye-popping potential has given rise to numerous enterprise generative AI startups focused on applying large language model technology to the enterprise context. First, LLM technology is readily accessible via APIs from large AI research companies such as OpenAI. trillion to $4.4 trillion annually.

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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. Gopalkrishnan says.

Banking 169
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CIOs’ lack of success metrics dooms many AI projects

CIO

You have a new technology with a lot of hype around it, with people feeling they need to rush into it, and they’re not doing the preparatory setup.” In a September IDC survey , 30% of CIOs acknowledged they didn’t know what percentage of their AI POCs met target KPI metrics or were considered successful.

Metrics 187
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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. Companies seeking to use AI as a differentiating technology in order to gain business advantages — and not merely doing it because that’s what everyone else is doing — require planning and strategy, and that almost always means a customized solution.