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Banks bet on AI to deliver digital efficiencies

CIO

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. Around 42% percent of banks rely on personalized customer journeys to improve the customer experience.

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

CIO

to GPT-o1, the list keeps growing, along with a legion of new tools and platforms used for developing and customizing these models for specific use cases. to GPT-o1, the list keeps growing, along with a legion of new tools and platforms used for developing and customizing these models for specific use cases. From Llama3.1

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Giving more tools to software engineers: the reorganization of the factory

Erik Bernhardsson

It's a popular attitude among developers to rant about our tools and how broken things are. Note: I'm going to use the term “tool” throughout this post to refer to all kinds of things: frameworks, libraries, development processes, infrastructure.). I once ran a web shop and spent a week implementing credit card payments.

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CIOs’ lack of success metrics dooms many AI projects

CIO

An organization’s finance team shouldn’t have access to the data being used in an HR AI tool, and vice versa, he says. At the same time, data necessary for an AI tool to work is often siloed across organizations. The potential cost can be huge, with some POCs costing millions of dollars, Saroff says.

Metrics 187
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5 Things To Look For When Evaluating AI Startups

Crunchbase News

LLM customization Is the startup using a mostly off-the-shelf LLM — e.g., OpenAI ’s ChatGPT — or a meaningfully customized LLM? Different ways to customize an LLM include fine-tuning an off-the-shelf model or building a custom one using an open-source LLM like Meta ’s Llama. trillion to $4.4 trillion annually.

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6 technologists discuss how no-code tools are changing software development

TechCrunch

To start off, it appears that no-code/low-code tools hasn’t had much impact on the number of people working in IT. Tools that eliminate menial and time-consuming tasks help save time and energy to focus on bigger picture issues that make people’s lives easier,” she said. More posts by this contributor.

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Bank of America’s big bet on AI started small

CIO

Developers, for instance, are using a AI-based tool to assist with coding and have seen efficiency gains of more than 20%, the company says. Hari Gopalkrishnan, head of consumer, business, and wealth management technology at BofA, says the key to Ericas success and longevity has been its small size. We are not writing essays with Erica.

Banking 152