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Should finance organizations bank on Generative AI?

CIO Business Intelligence

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution.

Banking 133
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What happens to Silicon Valley without Silicon Valley Bank?

Vox

Could Silicon Valley Bank’s failure become a cautionary tale? John Brecher/Washington Post via Getty Images A regional bank helped the tech industry grow. The collapse of Silicon Valley Bank was a big deal. The end of SVB created ripple effects throughout the American banking and financial system. SVB comes out of that.

Banking 75
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Gen AI without the risks

CIO Business Intelligence

The new banking assistant would have a smaller model that could run on general-purpose (existing) hardware and still deliver excellent, highly accurate services. For example, retraining an LLM on financial information would trade a general ability like songwriting for the ability to help a customer with a mortgage application.

Intel 132
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2022 US CIO 100 winners: Celebrating IT innovation and leadership

CIO Business Intelligence

Accenture Aflac Akin Gump LLP ALE international Align Technology Ally Financial American Red Cross Asian Development Bank Atlantic Health System Avery Dennison Corporation Avnet Inc. Marshfield Clinic Health System Maryland Health Benefit Exchange Mattel Inc.

Banking 111
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Deal alert: HP Laptop 15t is discounted to just $549

TechSpot

A good entry-level PC that won't break the bank, this HP 15.6-inch inch laptop is powered by Intel's Core i5, 12GB of RAM and a fast 256GB SSD. If you prefer a desktop to work from home, check out the Ryzen equipped Pavilion All-in-One 24 that starts for just $599.

HP 76
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NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. IT Leadership

Financial 105
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Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research. Intel® Technologies Move Analytics Forward. There’s always room to grow, and Intel is ready to help.