📈 How are companies using AI?
➜ Faster GenAI Adoption at CommBank. Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse ‘AI Factory’. All in the name of safe testing and development of AI solutions. The bank's employees will have access to massive compute power required to fine tune and train LLMs at increased speeds. Digital acceleration at its finest!
Finextra
➜ Klarna’s AI Assistant Keeps on Getting Smarter. Find the right thing at the right price faster, tempts Klarna. Their AI assistant just got an upgrade. ‘Aaaand?’, you may ask. Well, their tool helps you explore customer reviews, price history, and much more. And if you like what you see, you can buy directly in the app with Klarna’s BNPL. “We’ve combined the intelligence of LLMs, the knowledge of Pricerunner and the Klarna UX to build a smoother and more intuitive, chat-based shopping experience,” – boasts David Fock, Chief Product & Design Officer at Klarna.
Finextra
➜ Gen Zs Turn To AI And Influencers This Season. Betting on big reve this Xmas? Put yourself in Gen Z's shoes and leverage GenAI search. Do you come up? And have you invested in social media marketing? According to a recent report, nearly 70% of businesses plan to use AI this holiday season to “level the playing field” against large e-commerce brands. Good thinking. One eye-opening stat: in the U.S., nearly 54% of Gen Z will find gifts on TikTok Shop alone!
Retail Dive
➜ $30B AI-Oriented Megafund. Investment powerhouse BlackRock plans to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft, and the Abu Dhabi-backed investment outfit MGX, the FT reports. Focus? Building data centers and funding energy infrastructure to support AI – both much needed amid the AI race.
TechCrunch
➜ AI-Powered Weather Forecasting. A newly funded startup called Brightband is taking a shot at turning machine learning forecast models into both a business and open source standard. There’s nothing wrong with our physics-based models. Thing is, AI is GREAT at pattern detection. Train it on years of weather patterns and observations around the world, it can predict upcoming events with surprising accuracy. There’s no such thing as bad weather, just bad…forecasts.
TechCrunch
➜ Hey YouTube, Now Generate This. YouTube is adopting some of Google’s newest tech to let the user nail down that perfect title and thumbnail, or even put together a whole video. Veo, the super powerful DeepMind video model that is now being integrated into YouTube Shorts, will soon let us generate vids. Short ones, for starters, up to 6 seconds. Am I the only one who can’t wait?
The Verge
