Many social media marketers are already experimenting with generative AI tools. However, these fascinating new tools aren't the solution for every marketing scenario.
Insider Intelligence
ChatGPT, a language model developed by OpenAI, has fast become one of the biggest buzzwords in retail. The model, launched as a prototype in November 2022, is the latest iteration of the AI technology promising to revolutionize ecommerce. But retailers remain cautious over its potential pitfalls, especially concerning direct interactions with customers. So where exactly will ChatGPT, and generative AI broadly, have the greatest impact in retail, and what are the most and least promising use cases for the technology?
ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has caught the attention of payments services providers keen to unlock the potential of the generative AI that powers it.
Insider Intelligence
ChatGPT has received a lot of press since its November 2022 launch. But while interest in the tool is high almost everywhere, its use is not yet universal.
Insider Intelligence
AI tools like ChatGPT and DALL-E2 can provide marketers with creative ideas, save them time, and even generate imagery and video for content. But they also present risks such as inaccuracies, copyright infringement, and plagiarism.
Insider Intelligence
ChatGPT, a generative AI-powered conversational chatbot developed by OpenAI, is the talk of 2023. In the banking industry, generative AI will help create marketing images and text, answer customer queries via virtual assistants, and produce data that will make machine learning applications more accurate and efficient.
- Acquirers and processors are competing to enhance their value propositions
- Card and automated clearing house (ACH) payment networks are dueling for volume
- Issuers can lean on customer relationships and tranches of data to respond to innovation
Amid economic uncertainty, payments providers are making meaningful shifts to digitize and innovate as they continue to grow at a projected 8.3% compound annual growth rate worldwide between 2021 and 2026, per Boston Consulting Group.
ChatGPT brought generative AI into the limelight when it hit 1 million users in five days. But how valid is the buzz around ChatGPT? We unpack what you need to know: How does generative AI work? Who are the key players? Is ChatGPT ready for prime time? And most importantly: How will the technology change the way we do business?
- Cash and checks are declining but not disappearing.
- Debit, credit, and prepaid cards will compete for growing digital spending.
- FedNow's launch could increase the prominence of bank-based payments and intensify competition.
Although debit still reigns supreme, with consumer preferences moving toward digital, cash and checks will continue to be displaced in the US.
- Only one-fifth of US adults believe that AI-generated content may not contain errors
- As the drive to combat burnout builds, Generative AI has inserted itself into low-risk functions
- According to Morning Consult 52% of consumers believe that generative AI will stick around
Generative AI can already do much of the work and low-skilled labor that powers modern media and advertising.