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FoF Specials – Generative AI Gazette | Edition #1 – May 2023
Summary of news from 1st to 31st May
Hey there, fintech enthusiasts and AI aficionados! 🤖
Cue the drumroll, please, for we have a dazzling debut to unveil!🥁
📢 Introducing the “Generative AI Gazette"!
We’re thrilled to bring this special edition of our ongoing Future of Fintech newsletter series, dedicated to the mind-bending world of generative AI!
With Generative AI Gazette, we're embarking on a journey to explore the frontiers of generative AI, casting our gaze wide to not only analyse its impact in the fintech landscape but also across diverse sectors and industries.
Each month, we'll curate an exhilarating collection of insights, updates, and breakthroughs from the generative AI universe. We'll keep our finger on the pulse of this rapidly evolving field, unveiling the latest trends, discoveries, and mind-boggling applications through a curated selection of the Top 10 highlights.
As the generative AI space constantly evolves, so will our Gazette. We'll adapt our frequency to match the ever-changing trends and happenings, ensuring you stay at the forefront of this captivating journey.
We're here to tickle your brain cells, spark your imagination, and ignite conversations that ripple through the fabric of our AI-infused reality. Together, we'll decipher the mysteries of generative AI, demystify the buzzwords, and uncover the profound impact it has on our collective future!
Be in the know of how this fascinating technology is transforming the way we think, create, and interact with artificial intelligence by signing up here! 📝
We recently dived headfirst into the captivating realm of generative AI ourselves via our latest blog on "Generative AI in Finance and Beyond”. The realm of generative AI has been experiencing a thrilling surge, bursting with innovative advancements and practical implementations that leave us in awe. Uncover how companies from diverse sectors have joined the movement and harnessed generative AI solutions, revolutionising the way we work. From banishing monotonous tasks to sparking captivating personalised conversations, generative AI is reshaping our world like never before.
Now, without further ado…
Edition #1 is here with the thrilling exploration of generative AI's vast horizons and the remarkable developments that await.
Get ready to unwind as we bring to you a captivating collection of the top 10 generative AI highlights, keeping you in the loop with all the thrilling details:
In a fascinating union of the transformative domains of crypto and AI, Crypto.com introduced Amy, an AI platform that helps users learn about the crypto industry by providing real-time information on tokens, projects, price listings, and historical events. Similarly, Ramp launched Ramp Intelligence – a suite of tools in financial services driven by AI that are designed to solve customer problems, including vendor price intelligence, automated accounting processes, and more.
Financial empowerment meets cutting-edge technology, as Parthean launched Parthen AI, a financial coach that provides users with personalised financial advice and helps them create financial plans that align with their specific goals. Meanwhile, Trovata took the stage with Trovata AI, a tool to accelerate the company’s vision of automating cash workflows and delivering invaluable business intelligence for finance, accounting, and treasury departments. And just when you thought innovation couldn't get any better, JPMorgan Chase announced that it is working on IndexGPT, an AI-powered chatbot that will provide users with investing advice.
Google launched Product Studio, a new tool that allows Google Shopping merchants to quickly edit and customise their product images for free using generative AI. On the other hand, Microsoft launched Jugalbandi, a chatbot developed to help Indians have easier access to information about government initiatives and public programs.
In a whirlwind of captivating progress, AI saw remarkable developments across diverse sectors – Adobe added a new Generative Fill feature in Photoshop that lets users add, remove, and extend visual content based on natural-language text prompts, matching the original scene’s perspective. Solana Foundation integrated AI using OpenAI’s ChatGPT plugin developed by Solana Labs, and increased funding for grants exploring the intersection of the Solana blockchain and AI to $10M. Lastly, OpenAI proposed a new international body to regulate AI, focusing on three key points to reduce risks associated with highly intelligent AI systems in the future.
Generative AI Word Of The Week: DALL·E
DALL·E is a 12-billion parameter version of GPT-3 trained to generate images from text descriptions, using a dataset of text–image pairs.
That's all for now!🤘
We hope you enjoyed this edition of the Generative AI Newsletter!
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