The global generative AI market size reached USD 14.6 Billion in 2024 and grow at a CAGR of 17.49% to reach USD 63.1 Billion by 2033.
PwC insights into how banking and financial services companies can adopt generative AI confidently, ethically, and responsibly.
Across banking, capital markets, insurance, and payments, executives are eager to understand generative AI and applicable use cases, and developers want to experiment with generative AI tools that are easy to use, secure, and scalable. Below we explore four use case categories where generati...
The Generative AI marketplace is on fire. Beyond the big platform players, there are many hundreds of specialty providers funded by ample venture capital and a wave of new open-source models and capabilities. Enterprise application providers, such as Salesforce and SAP, are building LLM capabiliti...
By switching from a generic LLM that was too expansive and cumbersome for their needs to a model tailored to their domain (capital markets), Boosted.ai reduced costs by 90 percent, vastly improved efficiency, and unlocked the GPU capacity needed to scale their generative ...
Telecoms are going to need chips, energy, water, and money to get into the generative AI data center competition with the hyperscalers and others … But what else should they consider?
-- April 17, 2024 -- Rivos, a RISC-V accelerated platform company targeting data analytics and Generative AI, announced it has raised more than $250M in its oversubscribed Series A-3 funding round, and Matrix Capital Management, the largest investor in this round, has joined the Board ...
Banks are piloting generative AI systems to analyze reams of documents and other unstructured information that doesn’t reside in databases for applications such as summarizing capital markets research, proofing clients’ investment portfolios for risk and rebalancing, and researching customers. ...
SOCi Inc., which serves as a marketing platform for multi-location brands, has secured $120 million venture financing in March 2023. The capital will be used to develop a range of AI-based marketing products and expand into new markets. Recently, SOCi introduced the “...
TORONTO,Oct. 1, 2024/PRNewswire/ - New survey data from Tyton Partners, supported by D2L and others, shows that students are leading the way in integrating generative AI (GenAI) into their academic practices. This highlights a significant opportunity for more AI-focused innovat...