Generative

NICE Actimize Launches the Next Generation of Financial Crime and Compliance Investigations with New Generative AI Solutions

Retrieved on: 
Thursday, February 15, 2024
Software, Data Analytics, Finance, Artificial Intelligence, Data Management, Professional Services, Technology, Security, NICE Ltd., AI, Duncan Trussell, Generative, File, Fraud, Risk, Synthetic media, Organization, Cryptocurrency

NICE Actimize, a NICE (Nasdaq: NICE) business, announces three advanced generative AI-based solutions designed to fight financial crime and allow organizations to significantly reduce the manual and labor-intensive tasks currently employed in financial crime investigations and reporting.

Key Points: 
  • NICE Actimize, a NICE (Nasdaq: NICE) business, announces three advanced generative AI-based solutions designed to fight financial crime and allow organizations to significantly reduce the manual and labor-intensive tasks currently employed in financial crime investigations and reporting.
  • With generative AI embedded into NICE Actimize’s advanced ActOne enterprise risk case management platform, two of these cutting-edge solutions, X-Sight AI Assist and X-Sight AI Narrate, transform financial crime by reducing manual tasks and seamlessly expediting workflows with existing policies and procedures.
  • To register for NICE Actimize’s webinar, “The Power of Generative AI in Fraud & Financial Crime,” please click on the link here .
  • NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators.

Generative AI Improves Software Engineering Productivity By 70% - Says Ness-Zinnov Study

Retrieved on: 
Thursday, February 15, 2024
Engineering, Operational technology, Senior, Morale, Generative, KKR, Ness, Learning, Synthetic media, Ness Digital Engineering, CONFIG.SYS, Matrix, Organization, Workforce, Software, Management

While productivity is a known outcome of GenAI initiatives, this study measures the actual productivity gains resulting from deploying GenAI at an engineering level.

Key Points: 
  • While productivity is a known outcome of GenAI initiatives, this study measures the actual productivity gains resulting from deploying GenAI at an engineering level.
  • The study revealed that Generative AI implementation not only increases productivity but also allows for deeply assisted context, enabling companies to globalize work frictionlessly.
  • Additionally, the widespread use of Generative AI has boosted employee morale, surpassing productivity gains.
  • While the potential of Generative AI is vast, limitations primarily stem from hardware costs, energy consumption, and regulatory constraints."

Generative AI Improves Software Engineering Productivity By 70% - Says Ness-Zinnov Study

Retrieved on: 
Thursday, February 15, 2024
Engineering, Operational technology, Senior, Morale, Generative, KKR, Ness, Learning, Synthetic media, Ness Digital Engineering, CONFIG.SYS, Matrix, Organization, Workforce, Software, Management

While productivity is a known outcome of GenAI initiatives, this study measures the actual productivity gains resulting from deploying GenAI at an engineering level.

Key Points: 
  • While productivity is a known outcome of GenAI initiatives, this study measures the actual productivity gains resulting from deploying GenAI at an engineering level.
  • The study revealed that Generative AI implementation not only increases productivity but also allows for deeply assisted context, enabling companies to globalize work frictionlessly.
  • Additionally, the widespread use of Generative AI has boosted employee morale, surpassing productivity gains.
  • While the potential of Generative AI is vast, limitations primarily stem from hardware costs, energy consumption, and regulatory constraints."

EPAM Reports Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Thursday, February 15, 2024
Engineering, Total, Share repurchase, EST, Generative, EPAM Systems, Sale, GAAP, EPAM, EPS, Video game

NEWTOWN, Pa., Feb. 15, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • "EPAM's performance in 2023 reflects our ability to successfully navigate a volatile demand and macro-economic environment," said Arkadiy Dobkin, CEO & President, EPAM.
  • Cash provided by operating activities was $171.4 million in the fourth quarter of 2023, a decrease from $186.1 million in the fourth quarter of 2022; and was $562.6 million in 2023, an increase from $464.1 million in 2022;
    The Company repurchased 143 thousand shares of its common stock for $36.5 million during the fourth quarter of 2023 under its share repurchase program.
  • The Company expects that foreign currency translation will have a negligible impact on year-over-year revenue decline during the quarter.
  • EPAM will host a conference call to discuss results on Thursday, February 15, 2024 at 8:00 a.m. EST.

CHAI AI: A Top Platform for Conversational Artificial Intelligence

Retrieved on: 
Wednesday, February 14, 2024
Software, PALO, Reddit, Safe, AI, Crowdsourcing, UGC, Inflection, Generative, Artificiality, ChatGPT, GPT-4, MAU, Synthetic media, LLM, DAU, GPU, Ecosystem, Policy, Character.ai, Sequoia Capital, Artificial general intelligence, AGI, NSFW, Character, OpenAI, Research, User-generated content, Tea

PALO ALTO, Calif., Feb. 14, 2024 /PRNewswire/ -- In the dynamic landscape of AI-powered content generation, OpenAI stands at the forefront of Artificial General Intelligence (AGI) research. However, the primary purpose of products such as GPT-4 is to act as a productivity aid, for tasks such as coding. In addition, access to the best such models is often restricted by paywalls. These limitation have led to the growing popularity of other platforms which are primarily focused on providing Generative AI for consumers.

Key Points: 
  • On the consumer side, the main use case for Generative AI is for conversational purposes, with the leading platform, TikTok, amassing over 1 billion monthly active users.
  • The largest emerging players are Character.AI and Chai AI, reporting 20 million and 5 million monthly active users, respectively.
  • One of the main differentiators setting TikTok, Chai AI , and Character AI apart is their platform-centric approach to Chat AI.
  • Unlike other Generative AI products, which typically offer models developed in-house, Chai AI has recently introduced their developer platform, Chaiverse .

Global Multimodal AI Research Report 2023: Market Set to Reach $8.4 Billion by 2030, Driven by Advances in Generative AI and Demand for Industry-Specific Solutions - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 14, 2024
Data Management, Technology, Audio, Video, Software, Electronic Commerce, Artificial Intelligence, Internet, IBM, Amazon Web Services, Intelligence, Meta Platforms, Generative, Growth, Language, Vertical, Synthetic media, Entertainment, E-commerce, Interactivity, Microsoft

Multimodal AI, combining the analytical capabilities across various data modalities such as text, images, and audio, is transforming content generation and editing in sectors like media & entertainment.

Key Points: 
  • Multimodal AI, combining the analytical capabilities across various data modalities such as text, images, and audio, is transforming content generation and editing in sectors like media & entertainment.
  • Generative AI Catalyzing the Multimodal Ecosystem: Progress in Generative AI is a significant catalyst spurring the integration of different data types, leading to more complex AI systems and underpinning market expansion.
  • Surge in Tailored and Industry-specific Solutions: The push for custom AI solutions, accommodating unique industry needs, regulatory compliance, and operational efficiencies, is driving market demand.
  • Type Outlook: The translative segment has recorded a substantial market share, highlighting the importance of translation capabilities within multimodal AI systems.

Komprise Doubles Subscriptions Again in 2023 As Enterprises Seek to Leverage Unstructured Data for AI

Retrieved on: 
Wednesday, February 14, 2024
Research, AI, Education, Health, Generative, Data management, Growth, Data governance, Public sector, Synthetic media, ACV, Byte, Organization, Unstructured data, Exploration, Video game

Organizations are not just focusing on cost efficiency but also seeking insights into unstructured data to feed and govern AI workflows in the wake of burgeoning interest in Generative AI.

Key Points: 
  • Organizations are not just focusing on cost efficiency but also seeking insights into unstructured data to feed and govern AI workflows in the wake of burgeoning interest in Generative AI.
  • Komprise Intelligent Data Management analyzes, mobilizes and manages unstructured data workflows that sit at the nexus of these trends.
  • Published the second annual Komprise State of Unstructured Data Management report, which found that preparing for AI was the leading data storage priority in 2023.
  • “In the AI era, customers want to turn data volumes into data value and Komprise Intelligent Data Management leverages AI to look inside files and provide another level of insight and value.

3CLogic Named to Constellation ShortList™ for Digital Customer Service and Support

Retrieved on: 
Wednesday, February 14, 2024
Cloud, Constellation, Research, Workplace, AI, SAP, Generative, ServiceNow, CRM, Organization, Automation, Support, ShortList, Conversation, Sales

ROCKVILLE, Md., Feb. 14, 2024 /PRNewswire/ -- 3CLogic, today announced it was named to the Constellation ShortList™ for Digital Customer Service and Support in Q1 2024. The named vendors were selected based on their ability to unify workplaces, deliver support through a variety of digital channels, empower organizations with intelligent self-service, and provide better customer service by leveraging AI and automation.

Key Points: 
  • ROCKVILLE, Md., Feb. 14, 2024 /PRNewswire/ -- 3CLogic , today announced it was named to the Constellation ShortList™ for Digital Customer Service and Support in Q1 2024.
  • The named vendors were selected based on their ability to unify workplaces, deliver support through a variety of digital channels, empower organizations with intelligent self-service, and provide better customer service by leveraging AI and automation.
  • 3CLogic continues to gain global recognition for its approach to digital transformation across both customer and employee experiences, embedding AI and contact center solutions with CRM and service management platforms, such as ServiceNow and SAP.
  • Constellation Research provides guidance to executives on harnessing innovative technologies to reach digital transformation and streamlined workflows and processes.

3CLogic Named to Constellation ShortList™ for Digital Customer Service and Support

Retrieved on: 
Wednesday, February 14, 2024
Cloud, Constellation, Research, Workplace, AI, SAP, Generative, ServiceNow, CRM, Organization, Automation, Support, ShortList, Conversation, Sales

ROCKVILLE, Md., Feb. 14, 2024 /PRNewswire/ -- 3CLogic, today announced it was named to the Constellation ShortList™ for Digital Customer Service and Support in Q1 2024. The named vendors were selected based on their ability to unify workplaces, deliver support through a variety of digital channels, empower organizations with intelligent self-service, and provide better customer service by leveraging AI and automation.

Key Points: 
  • ROCKVILLE, Md., Feb. 14, 2024 /PRNewswire/ -- 3CLogic , today announced it was named to the Constellation ShortList™ for Digital Customer Service and Support in Q1 2024.
  • The named vendors were selected based on their ability to unify workplaces, deliver support through a variety of digital channels, empower organizations with intelligent self-service, and provide better customer service by leveraging AI and automation.
  • 3CLogic continues to gain global recognition for its approach to digital transformation across both customer and employee experiences, embedding AI and contact center solutions with CRM and service management platforms, such as ServiceNow and SAP.
  • Constellation Research provides guidance to executives on harnessing innovative technologies to reach digital transformation and streamlined workflows and processes.

Next Pathway uses AI to enhance its Code Translation Platform

Retrieved on: 
Wednesday, February 14, 2024
Cloud, ETL, Engineering, SQL, AI, Complex, Generative, Transport, Extract, Intelligence, Synthetic media, Organization, Logic, Google Cloud Platform, Pressure

Next Pathway launches the next generation of their SHIFT Product Platform enabled with Generative AI to improve migration planning, translation coverage and testing.

Key Points: 
  • Next Pathway launches the next generation of their SHIFT Product Platform enabled with Generative AI to improve migration planning, translation coverage and testing.
  • Recently Next Pathway launched SHIFT Cloud, putting the power of automatic code translation directly in the customer's hands.
  • Next Pathway has improved the speed at which SHIFT is able to translate transformation logic within ETL pipelines and SQL code.
  • By leveraging the generative capabilities within LLMs Next Pathway has enhanced the accuracy and quality of its code translation.