Microsoft moves to reduce reliance on OpenAI with new AI team: It’s targeting the industry’s AI cost-effectiveness problem, which could give it a key advantage in the race.
On today’s episode of The Banking & Payments Show podcast, we discuss the most important banking trends that we expect to see in 2024. We examine the big headlines from our Banking Trends to Watch in 2024 report, such as risky banking as a service partnerships, the social media players pushing the boundaries of banking, the disruption caused by AI and new developments with digital wallets. In a new segment called "Place Your Bets," using a total of 10 points, we allocate points to different trends to predict their likelihood of coming true. Listen to the conversation with guest host Marcus Johnson and our analysts Tiffani Montez and David Morris.
Post-pandemic slowdowns and layoffs have developers contemplating unionization. Meanwhile, AI use in game creation gains ground, creating more uncertainty in the sector.
More layoffs at Google, this time at X moonshot division: It’s part of a broader restructuring to boost revenue, develop AI, and spin off viable startups. It could hinder innovation.
Startup’s genAI model beats Meta’s Llama 2: 01.AI’s open-source model could shake up the sector. With AI profitability uncertain, the outlook might be winner takes all.
AI and technology advances increase risks of disinformation in an election year. Officials scramble to identify threats, but the damage could already be done.
To improve the shopping journey, 86% of adults worldwide want AI to help with product research or information, according to October 2023 IBM data.
Google isn’t prepared for the coming influx of AI content: The company said it doesn’t distinguish between AI and human-made articles on Google News.
Nearing a $1 trillion valuation, Meta rebounds with a strategic shift, reversing its post-pandemic slump and signaling a potential AI-driven Big Tech revival.
Cloud rivalry heats up as prices surge in the region. AWS’ investments could alter the landscape and boost economies in time for wider AI adoption.
AI subscriptions surge. Will people pay? The technology is expensive for tech companies to run, and they need to turn a profit. Ads are an option, but hallucinations make it sketchy territory.
Google loses two more top AI researchers: The startup world beckons Big Tech talent, but an elusive road to profitability could thin the herd.
TikTok users will soon employ AI to make their own tunes: An AI-powered music tool could help TikTok increase engagement and strike industry deals.
AI search is a chicken-and-egg problem for Google: Studies show the quality of search has gotten worse as publishers game Google’s ranking algorithms.
AI is taking off in Latin America businesses: An excerpt from our recent deep dive shares how top retailers from the region are implementing artificial intelligence—and in particular genAI—to upgrade their capabilities and CX.
AI hardware costs are rising, and subscription models may help manage server expenses. Cloud and AI app owners could see significant benefits.
Meta to buy 350,000 Nvidia AI chips this year: Its plan to build an open-source artificial general intelligence has sparked swift criticism. Future regulation might hinder progress.
Google Cloud narrows revenue gap with AWS: It’s a sign that growth strategies have been paying off for the search giant, but there’s no guarantee the trend will continue.
A copyright lawsuit against Anthropic could kickstart AI regulation: The governor of Tennessee is considering a sweeping AI bill as a major lawsuit hovers.
Marketers embrace AI with a 7/10 optimism rating: AI's role expands in content creation and strategic marketing growth.