News (893)
Wix.com Launches AI Site Generator With AI-Powered Features For Web Creation
Wix.com Ltd (NASDAQ: WIX) announced its plans to launch the AI Site Generator and a suite of AI-powered capabilities, many of which are already available to users. These offerings equip Wix users with AI technology that significantly streamlines the entire website-building, design, and management process. They offer more automated tools to operationalize and grow their businesses with never-before-seen ease. Avishai Abrahami, Co-Founder and CEO of Wix, said, “We're on the edge of something truly amazing, and we will keep advancing our offerings as AI technology progresses to enable users to grow their businesses and have success with more efficiency and creativity than ever before.” Wix.com's upcoming AI features include AI Site Generator, AI Assistant Tool for Managing your Business, AI Page Section Creator, and Object Eraser.
Read more...Unlocking AI's Potential for Business Growth and Innovation
In this essay, Pramod Jadhav explores the potential of Artificial Intelligence (AI) to revolutionize businesses. AI has been successful in influencing every aspect of our lives, from voice assistants to social media algorithms and personalized suggestions. AI has become critical as organizations acknowledge its importance, with CEOs prioritizing its strategic deployment. AI holds immense potential in revolutionizing business operations and fostering growth. By automating repetitive tasks and analyzing vast volumes of data, AI facilitates cost reduction, offers valuable insights, elevates the customer experience, and enables informed decision-making. The future is bright for businesses that embrace AI and unlock its potential. The key is finding ways to thoughtfully and ethically integrate AI into your business to drive growth, spur innovation, and gain a competitive edge. AI used strategically, can take your company to the next level.
Read more...PressW Spearheads the Future of Business Operations
PressW, a leading technology company specializing in AI and automation, have announced the launch of its groundbreaking services designed to bring this new wave of innovation to businesses of all sizes. With a new focus and direction towards private equity backed mid market companies, PressW aims to empower companies to harness the power of AI and data-driven decision making to drive efficiency, save time, and boost profitability. Co-founder of PressW, Tarun Thummala states, "We believe that AI and automation are the future of business operations. AI is a groundbreaking technology that is here to stay. It is every business owner's duty to ensure they are leveraging this technology to improve their bottom lines and stay ahead of their competition".
Read more...Ready to Start an AI Company?
Entrepreneurs considering starting a generative AI company need to ask themselves two important questions before diving in. First, they must evaluate whether they have the ability to compete in an increasingly commoditized market for foundational models. Secondly, they should consider whether it would be more beneficial to differentiate themselves by creating an app that utilizes these models. While starting such a company may seem easy, it's essential to acknowledge the potential competition and implications of entering a market that is rapidly evolving.
Read more...Work Conversations About AI
BCG conducted a survey to understand how people in the workforce feel about AI. The survey revealed that there are significant differences in perceptions of AI between leaders and frontline employees. While leaders are more optimistic about AI, frontline employees recognize the need for training and upskilling that the new era requires. The survey also showed that almost everyone sees the need for responsible AI and regulation. Companies need to address these differences and ensure that they do not leave their frontline behind in the implementation of AI.
Read more...NEC Creates AI for Business
NEC Corp has developed generative artificial intelligence (AI) called "NEC Generative AI Service" that can be customized for each customer to adapt to their specific needs. The AI service includes licenses for proprietary large language models, dedicated hardware, software, and consulting services. NEC is also launching the "NEC Generative AI Advanced Customer Program" to support customers in creating models and utilizing the language models effectively. The company aims to achieve sales of 50 billion yen in the next three years from these generative AI-related businesses. NEC has already seen positive results internally, such as a significant reduction in man-hours required for internal system development and document creation.
Read more...Generative AI Drives Productivity: Small Businesses Should Take Notice
According to a recent IBM study, productivity has become a top priority for CEOs worldwide as technology modernization becomes essential for achieving their productivity goals. This shift in priorities for small businesses from major global corporations highlights the increasing importance of embracing advanced technologies, such as generative Artificial Intelligence (AI). The IBM Institute for Business Value’s annual CEO study, “CEO decision-making in the age of AI, Act with intention,” reveals that almost half of the CEOs surveyed cite productivity as their highest business priority, up from sixth place in 2022. Technology modernization follows as their second highest priority.
Read more...How AI Can Protect and Improve Your Business
According to Entrepreneur, businesses can use artificial intelligence (AI) to protect their data and improve their operations. AI can help businesses identify and prevent potential threats, automate processes, and improve customer service. It can also help businesses make better decisions and understand customer behavior. By leveraging AI, businesses can gain a competitive edge and increase their efficiency.
Read more...How to Maximize Your Tech Potential with Cohesive AI
In this article by Kishor Jena, published on Medium, the author explores the concept of Cohesive AI and how it can be used to revolutionize real-world scenarios. Cohesive AI is the integration of multiple AI systems to create more advanced and diverse solutions, and its applications range from healthcare to e-commerce. The article explains how Cohesive AI differs from traditional AI, and how businesses can maximize its potential.
Read more...Twitter CEO Calls for AI Pause
Elon Musk still thinks there should be a pause on AI, reports Reuters.
Billionaire Elon Musk, CEO of Tesla (TSLA.O) and owner of Twitter, reaffirmed on Friday his view that there should be a 'pause' on the development of artificial intelligence (AI) and that the AI sector needed regulation.
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