August 15, 2023
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Retail
Harnessing AI: Top Use Cases for Digital Commerce
CMSWire, 08/15/23. AI innovation in digital commerce has been instrumental in personalization and automation for marketers. It has also brought operational growth by enhancing efficiency and freeing up resources. Additionally, generative AI, such as ChatGPT, has opened up new possibilities in content generation, aiding in personalization and execution. As AI adoption continues to grow, marketing leaders must stay informed about new AI use cases in digital commerce to unlock growth opportunities and address operational challenges. By exploring and piloting AI in areas like predictions, targeting, execution automation, and resource optimization, marketers can drive digital commerce growth and efficiency. READ THE ARTICLE
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Music
How Blockchain Can Solve the Music Industry’s AI Problem
Variety, 08/15/23. The emergence of Napster in 1999 caused an existential crisis in the music industry, devaluing music and leading to billions of dollars in lost revenue due to digital theft. However, the industry learned from this era and implemented measures to protect copyrights. Now, with the advent of AI, concerns arise about AI-generated music and its impact on ownership and compensation. Blockchain technology, specifically tokenization through NFTs, offers a transparent and decentralized solution to ensure fair ownership and distribution of royalties. By embracing new technologies responsibly, the music industry can create an environment that benefits everyone involved. READ THE ARTICLE
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Prompt Engineering
Fine-Tuning, Prompt Engineering are Keys to Delivering Real Generative AI Solutions to Commercial Pharma Operations Today
MedCityNews, 08/15/23. The introduction of the Fine-Tuning API by OpenAI has made using generative AI in commercial operations a reality. This API allows developers to adapt pretrained language models to specific tasks or domains, providing more flexibility and customization. Fine-tuning enhances content development by creating hyper-personalized content, automating content tagging, and generating initial drafts of marketing copy. Prompt engineering, on the other hand, delivers deeper insights by transcribing and summarizing interactions and optimizing model performance through carefully designed prompts. These advancements in generative AI offer numerous benefits for pharmaceutical commercial operations, including improved customer engagement and stronger relationships with healthcare professionals. READ THE ARTICLE
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Enterprise
What enterprise software vendors are doing with generative AI
CIO, 08/15/23. Generative AI is making waves in various industries by providing new tools and capabilities. ServiceNow is set to introduce case summarization and text-to-code functions, which will simplify interactions with clients and automate new processes using natural language. Oracle plans to leverage generative AI in its cloud infrastructure and software applications, starting with Oracle Fusion Cloud Human Capital Management. ServiceNow’s Now Assist for Virtual Agent will also enable customers to design self-service business processes using generative AI tools. Meanwhile, Salesforce offers its AI Cloud Starter Pack, bundling multiple generative AI services for personalized marketing and e-commerce experiences. Alteryx utilizes generative AI to enhance data visualization and automate documentation and workflows. These advancements demonstrate the growing importance and potential of generative AI in improving efficiency and effectiveness in various domains. READ THE ARTICLE
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Robotics
Has AI Robotics Revolution Met Its ChatGPT Moment? A Conversation With Peter Chen, Co-Founder Of Covariant
Forbes, 08/15/23. The confluence of artificial intelligence (AI) and robotics is set to reshape industries and redefine labor in 2023. With millions of industrial robots already in use globally and the market expected to reach nearly $43.8 billion, the implications of AI-infused robotics in manufacturing are significant. Peter Chen, the Co-founder and CEO of Covariant, discusses the transformative journey his company is pioneering in this field. From his experience at OpenAI to redefining robotics towards adaptable intelligence, Chen believes that AI Robotics will enhance human capabilities and create more strategic roles. The controlled environment of AI Robotics minimizes risks and offers quantifiable savings and improved productivity. Covariant’s culture of continuous innovation ensures they remain at the forefront of this transformative revolution. READ THE ARTICLE