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Bank of America’s big bet on AI started small

CIO

Today, more than 20 million banking clients use the Erica virtual assistant. 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. We are not trying to write software. Gopalkrishnan says.

Banking 169
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‘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.

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Extra Crunch roundup: cohort analysis, YC Demo Day recaps, building your supply chain

TechCrunch

To compete with retail banks, many newcomers are offering customers credit and debit cards ; developer-friendly APIs make issuance relatively easy, and tools for managing processes like KYC are available off the shelf. Use discount code ECFriday to save 20% off a one- or two-year subscription. Anu Muralidharan, COO, Expensify.

Analysis 237
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Ushur raises $25M for its no-code platform to build customer communication flows

TechCrunch

As companies — not just e-commerce or other online companies, but all companies — have turned to having more virtual interactions with their customers, solutions like Ushur’s have come into their own. It brings the total raised by Ushur to $36 million. Ushur is not disclosing its valuation, but it’s growing fast.

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The Common Drawbacks of Selecting ERP Software for Small Business

OTS Solutions

Business processes are looked at as the building blocks of a business which include sales and marketing, customer services, and virtually everything else in between. Despite the technicalities of running a business, running a business can be boiled down to efficiently managing business processes. 1: Selecting A Software Based On Capabilities.

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Wonder Dynamics raises $2.5M seed to equip indie filmmakers with AI-powered VFX

TechCrunch

Practically every film production these days needs some kind of visual effects work, but independent creators often lack the cash or expertise to get that top-shelf CG. million to make it happen. The company has its origins in 2017, after Sheridan and Todorovic met on the set of Rodrigo Garcia’s film Last Days in the Desert.

Film 248
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New Zealand-based Imagr thinks camera-based AI is the future of shopping trolleys

TechCrunch

The early-stage startup has invented tech that attaches to the trolley and uses cameras to detect and label products, adding them to a virtual cart where shoppers can checkout without ever interacting with a human or waiting in a line. . million in seed funding at the end of November 2019 in a round led by Toshiba Tec.