Many social media marketers are already experimenting with generative AI tools. However, these fascinating new tools aren't the solution for every marketing scenario.
- While most retail sales still occur in-store, digital is driving innovation as ecommerce grows.
- Domestic P2P and digital remittance providers will diversify to lure users and monetize solutions.
- Digitization is dominating B2B and disbursement innovation.
Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority despite the ever-changing post-pandemic landscape.
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.
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.
The news: Identify fraud is terrorizing the financial sector, costing roughly a quarter of banks nearly a half a million dollars in losses in the last year, according to a study from Regula and Sapio Research.
The news: Synchrony's purchase volume inched up 3% year over year (YoY) to hit a first-quarter record of $41.56 billion. Growth was marginally higher than last quarter and a year ago.
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?
ChatGPT, a conversational AI model built by OpenAI, has dominated tech conversation in 2023. Payments, banking, and insurance players are eager to understand generative AI's potential and put it to work.
- 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.