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7 ways gen AI can create more work than it saves

CIO Business Intelligence

JP Morgan Chase president Daniel Pinto says the bank expects to see up to $2 billion in value from its AI use cases, up from a $1.5 One is going through the big areas where we have operational services and look at every process to be optimized using artificial intelligence and large language models. billion estimate in May.

IT 141
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AI poised to replace entry-level positions at large financial institutions

CIO Business Intelligence

Global banks and investment firms are currently mulling plans to replace entry-level financial analyst positions with artificial intelligence (AI), with as many as two-thirds of these positions potentially on the chopping block.

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How data privacy leader Apple found itself in a data ethics catastrophe

O'Reilly on Data

For instance, financial companies are investing millions into using artificial intelligence to comply with anti-money laundering regulations or stricter data regulations. Because of its clear impact on the bottom line, compliance often reshapes business operations.

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CIOs in financial services embrace gen AI — but with caution

CIO Business Intelligence

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). Genpact, a major business and technology services company that assists banks such as JP Morgan and Goldman Sachs, is already utilizing AI.

Insurance 141
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Is AI Complicating Our Ability to Purchase Rare Items?

Smart Data Collective

Artificial intelligence technology has also substantially altered consumer purchasing behavior. Allal-Chérif and his colleagues are confident that artificial intelligence will continue to redefine consumerism for years to come. JP auctions. AI it’s changing the ecommerce sector in countless ways.

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Expectations vs. reality: A real-world check on generative AI

CIO Business Intelligence

Customers like Telstra report similar time savings for their early adopters, although Forrester lead analyst on Copilot for Microsoft 365 JP Gownder suggests five hours a month is a more common gain. Artificial Intelligence, Development Tools, Emerging Technology, Generative AI, IT Leadership, Microsoft

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New CIO appointments in India, 2022

CIO Business Intelligence

In his new role, Ramamoorthy will lead technology and digital transformation for the bank, as well as be responsible for modern technologies such as APIs, AI and machine learning, and business intelligence. Prior to that, he held leadership positions at RBL Bank, Barclays Bank, and JP Morgan Chase. IMGC appoints Sumit Chadha as CIO.