A naukri.com initiative
Innovation News
Pymnts
4w
361
Image Credit: Pymnts
Visa: Issuer Customer Lifetime Value Hinges on Personalization and Real-Time Experiences
- The PYMNTS Intelligence and Visa DPS report focused on what separates the best card issuers in driving customer lifetime value.
- Personalization, real-time experiences, and improving fraud performance are key components for issuers to enhance customer relationships.
- Data and artificial intelligence play crucial roles in targeting customer interactions and boosting customer lifetime value.
- Visa's innovations, like the Flexible Credential, aim to improve customer relationships and offer seamless payment experiences.
Read Full Article
21 Likes
Pymnts
4w
148
Image Credit: Pymnts
Apple Expands OpenAI Partnership Amid Rising AI Pressures
- Apple is strengthening its partnership with OpenAI and introducing new AI capabilities at its Worldwide Developers Conference (WWDC).
- The new features include live translation in Messages, Phone, and FaceTime apps, as well as enhanced visual intelligence on iPhones starting with iOS 26.
- Investors have expressed discontent over the slow AI updates to Siri, contrasting Apple's strategic approach with that of competitors like Amazon, Google, and Microsoft.
- Apple's reluctance to delve into enterprise AI solutions may pose risks in the evolving AI landscape, focusing more on consumer hardware and developer support.
Read Full Article
1 Like
Medium
4w
85
Image Credit: Medium
Designing for Millions, One Customer at a Time
- Personalization is often perceived as a lazy trick, like using a first name in an email or showing irrelevant content.
- At Loblaw Digital, personalization is seen as tuning in rather than targeting, using a system powered by large language models trained on shopping behaviors.
- The personalization system at Loblaw Digital integrates various behavioral signals beyond purchase history, including time of day, search patterns, and proximity to stores.
- The system infers details about customers like family size, dietary preferences, and cooking style by constantly learning and evolving the customer profile.
Read Full Article
5 Likes
Pymnts
4w
327
Image Credit: Pymnts
FinanceKey Raises $3.4 Million to Expand Automated Enterprise Treasury System
- Finnish FinTech company FinanceKey raised $3.4 million in a seed funding round to expand its AI-powered enterprise treasury system.
- The funding will be used for product development, team growth, and market expansion across Europe.
- FinanceKey's platform automates payment processes, connects banking and ERP systems, and provides real-time cash visibility for finance professionals.
- The platform has automated over 1.5 billion euros in payments to date and is seeing traction with multinational enterprises.
Read Full Article
16 Likes
Medium
4w
380
Image Credit: Medium
Can code replace the human body? — Neuroprosthetics
- Programming has been widely used in automation, finance, and app development.
- Recent advancements at the intersection of computing and neuroscience have led to the emergence of more human-centric applications.
- Researchers successfully developed a high-performance speech neuroprosthesis that enables speech generation directly from brain activity.
- This breakthrough in speech decoding showcased the possibility of reading internal neural activity with external hardware.
Read Full Article
22 Likes
TechBullion
4w
263
Image Credit: TechBullion
Leading a New Era of Innovation with AI: An Interview With Dr Marcus Weller, Founder and CEO DeepInvent.ai
- Dr. Marcus Weller, founder and CEO of Deepinvent, aims to leverage AI technology to accelerate innovation and patent drafting across industries.
- Deepinvent has introduced a Level-4 AI Innovator capable of creating patents rapidly, with the goal of enhancing human progress and boosting global GDP by $10 trillion within a decade.
- The platform, now in public beta, targets startups, enterprises, universities, and IP professionals seeking faster, more efficient innovation processes.
- Deepinvent's AI system streamlines the invention process by transforming ideas into patentable innovations in minutes by analyzing scientific knowledge and patent data.
- By simplifying and accelerating the invention process, Deepinvent aims to increase the pace of technological progress, resulting in more breakthroughs and economic growth.
- Deepinvent's AI capability lies in inventing the future by identifying unexplored areas in science and technology, predicting inventions, and generating corresponding intellectual property.
- The platform has enabled users to generate over 2000 patents during public beta, facilitating rapid innovation and impact across various sectors.
- Deepinvent's approach focuses on democratizing innovation by providing affordable access to its AI system, revolutionizing traditional IP workflows.
- Deepinvent's predictive algorithms are designed to map low-density IP zones, synthesizing insights from patents, papers, and products to propose inventions that are yet to exist but have potential.
- Deepinvent acts as a bridge between human intelligence and AI, enhancing inventors' capabilities by providing insight, speed, and creativity in the invention process.
Read Full Article
15 Likes
Silicon
4w
415
Image Credit: Silicon
OpenAI Annual Revenues Double To $10bn
- OpenAI has achieved $10 billion in annual recurring revenues, nearly doubling its revenue from the previous year.
- The revenue includes sales from consumer and business products, API, excluding licensing revenue from Microsoft and large one-time deals.
- The strong AI demand has contributed to OpenAI's revenue growth, positioning it to aim for a revenue target of $12.7 billion by 2025.
- OpenAI, despite burning cash to drive revenue, lost about $5 billion. The company targets $125 billion in revenue by 2029, showcasing investor expectations.
Read Full Article
25 Likes
Silicon
4w
31
Image Credit: Silicon
Apple Opens On-Device AI, Shows ‘Liquid Glass’ Interface
- Apple announced at its World Wide Developer Conference that it will open up its core AI tools to developers while showcasing a major interface revamp across its devices.
- The AI updates include features like live translation for phone calls, call-screening feature for unknown numbers, and access to ChatGPT's image-generation features.
- Apple introduced Liquid Glass interface design model, a significant update powered by Apple Silicon chips, featuring translucent elements and unified design across Mac, iPad, iPhone, and Apple Watch.
- Apple is under regulatory pressure, facing demands from the White House to move manufacturing to the country and EU's push for increased access to its operating systems for third-party developers.
Read Full Article
1 Like
Silicon
4w
196
Image Credit: Silicon
Sam Altman’s World Network Brings Iris-Scanning ‘Orb’ To UK
- Tools for Humanity, co-founded by OpenAI’s Sam Altman, is introducing its ID services to the UK through its World Network project, deploying iris-scanning 'Orb' devices for creating unique digital IDs to differentiate humans from AI and prevent fraud.
- The spherical Orb devices will be placed at various World premises in cities like London and later in other cities such as Manchester, Birmingham, Cardiff, Belfast, and Glasgow, with plans to increase production and enable self-serve usage similar to ATMs.
- The World ID created through the iris scans can currently be used to access applications like Minecraft, Reddit, and Discord, with millions of IDs already generated in several countries globally and expansion plans announced for six US cities.
- Tools for Humanity, facing privacy concerns, ensures that personal data remains on the user's smartphone, not on external servers, and intends to distribute over 12,000 Orb devices in the next year to scale up ID verifications drastically, supported by substantial venture capital funding.
Read Full Article
11 Likes
Medium
4w
205
Image Credit: Medium
The Great European Tech Shift
- Paris has officially overtaken London as Europe’s leading tech ecosystem, marking a significant shift in European tech power.
- Paris achieved strong valuation gains from funding rounds, surpassing London in certain key aspects like AI and Deep tech.
- London's tech dominance declined post-Brexit, impacting talent acquisition, regulatory complexities, and overall business operational landscape.
- France strategically positioned Paris as a tech hub through government interventions, fostering an ecosystem that rivals any in Europe.
- London's challenges go beyond Brexit and include rising costs, tax environment, and cultural factors affecting start-up growth.
- Recommendations for London's tech resurgence include talent development, regulatory reforms, tax incentives, and infrastructure investments.
- Success in reclaiming tech leadership requires acknowledging weaknesses and implementing comprehensive solutions tailored to current competitive realities.
- Paris's success model offers lessons for London regarding talent attraction, infrastructure development, and narrative building in the tech sector.
- Competition between London and Paris reflects fundamental economic strategy questions, as tech ecosystems drive innovation and economic growth.
- Britain must act swiftly to leverage its strengths and adapt to evolving technology landscape to avoid falling further behind in the global tech race.
Read Full Article
12 Likes
Silicon
4w
308
Image Credit: Silicon
DJI ‘To Launch’ Robot Vacuum Cleaner With Mop
- DJI is reportedly planning to launch a robotic vacuum cleaner with a mop, called DJI Romo, after four years of development.
- The Romo is rumored to have features like integrated mop, self-emptying capabilities, room mapping, and AI cleaning and scheduling.
- DJI's entry into the robot cleaner market would compete with companies like Roborock and iRobot in a market that saw 20.6 million shipments in 2023.
- The launch of DJI Romo in June coincides with the 618 Shopping Festival in China and is expected to take advantage of a national subsidy scheme for consumer electronics.
Read Full Article
18 Likes
Silicon
1M
259
Image Credit: Silicon
Nvidia’s Huang Says UK Needs More AI Computing Power
- Nvidia CEO, Jensen Huang, emphasized the need for the UK to have more computing capacity for AI to leverage its potential. Prime Minister Kier Starmer announced an additional £1bn investment to expand the country's sovereign AI computing infrastructure.
- The UK possesses significant AI research talent and a large AI venture capital market but lacks its own AI infrastructure, according to Huang.
- The £1bn in funding pledge by Starmer aims to increase the country's AI computing power significantly, with the goal of making the UK an AI creator, not just a consumer.
- Nvidia is looking to establish 'sovereign AI' agreements and partnerships, including recent plans with Saudi Arabia and the UAE. The company is involved in various initiatives in the UK, such as launching an AI Technology Centre in Bristol and collaborating with financial services firms on AI testing environments.
Read Full Article
15 Likes
Pymnts
1M
460
Image Credit: Pymnts
Apple’s Dull Developer Event Mirrors Its Lackluster AI Strategy
- Apple's WWDC event showcased new features for Apple Intelligence, emphasizing privacy-centric, on-device AI frameworks.
- Investors appeared unimpressed, resulting in a 1.2% stock decline for Apple following the event.
- Apple's conservative AI strategy focuses on user privacy and on-device processing, contrasting with rivals' cloud-based approaches.
- Critics question whether Apple's cautious AI strategy will lead to missed opportunities in the rapidly evolving AI landscape.
Read Full Article
26 Likes
Pymnts
1M
555
Image Credit: Pymnts
OpenAI Annual Recurring Revenue Leaps 82% Compared to Last Year
- OpenAI's annual recurring revenue reached $10 billion, representing an 82% increase from the previous year's $5.5 billion.
- The revenue includes consumer and business products but excludes licensing revenue and large one-time deals with Microsoft, as per an OpenAI spokesperson.
- OpenAI added 1 million paying business subscribers between February and June, bringing the total to 3 million, showing significant growth in user base.
- The company introduced new business features for ChatGPT to deepen enterprise adoption and CFOs are showing increased interest in generative AI for efficient operations.
Read Full Article
23 Likes
Insider
1M
192
Image Credit: Insider
Small companies are swapping performance-based reviews with a less formal approach
- Small businesses are moving away from annual performance reviews in favor of continuous feedback to enhance workflow efficiency and foster innovation.
- Continuous feedback culture can prompt better ideas and create a more comfortable environment for sharing new ideas.
- Different forms of continuous feedback include individualized check-ins, real-time feedback sessions, and coaching check-ins guided by relevant projects.
- Continuous feedback helps alleviate daily challenges, speeds up workflows, and nurtures mentor relationships within small businesses.
- Leaders emphasize the importance of creating a direct line of communication with employees to facilitate growth and positive work culture.
- Continuous feedback leads to quicker adaptation to changes, reduced fear of being wrong, and enhanced employee collaboration within companies.
- Implementing ongoing feedback systems can result in significant business improvements, such as bringing manufacturing and fulfillment in-house to drive growth.
- Employees benefit from real-time feedback by gaining clarity on their strengths and weaknesses, building trust, and developing better work habits.
- Experts recommend starting with small changes in the feedback system, such as quick exchanges and shared document tracking, to observe immediate results.
- Adopting an open feedback style can help businesses overcome challenges, foster a culture of improvement, and drive long-term success.
Read Full Article
11 Likes
For uninterrupted reading, download the app