Displaying items by tag: Business Insider

Artificial intelligence is changing the banking business, with major implications for both traditional and new banks. This shift in the banking industry from traditional, data-driven AI to sophisticated generative AI which offers unprecedented levels of efficiency and customer engagement. In the banking industry, generative AI has the potential to increase productivity by 5% and decrease worldwide spending by $300 billion, according to McKinsey's 2023 banking report. 

A Russian developer, whose start-up developed an AI-based app which can show a face without make-up, has been at the receiving end of a blast of biased coverage – which, ironically, has made his app popular and earned him a good amount of cash.

Google is facing a steadily building backlash against its Glass devices, with a San Francisco-based journalist the latest Google Glass wearer to be phyiscally attacked for wearing the gadget.