JP Morgan, one of the world's leading financial services and investment companies, has recently announced its plans to develop AI software for advising investments. Drawing inspiration from OpenAI's ChatGPT frenzy, the company has applied for a trademark for the product named IndexGPT. It would use cloud computing and AI to analyse and select securities best suited to customers' needs. Goldman Sachs and Morgan Stanley have already begun testing AI in their internal operations. Strategic analysts suggest it could significantly increase US profit margins long-term.
BT, a major UK-based telecommunications provider, has announced a significant job cut which could reach 40%. CEO Philip Jansen hopes to minimize operational costs and drive the company towards digital transformation. Additionally, Vodafone has announced job losses in the next three years. Learn how both phones providers are striving to improve overall performance and simplify their business in a digital world.
Pearson Plc, one of the world's largest education companies, recently announced plans to integrate AI into their operations to protect their business from disruption due to tools like ChatGPT. Pearson CEO Andy Bird commits to developing their products responsibly with AI technology offering positive prospects for learners and educators.
Discover the e-commerce world of home services - an era of convenience, technological advancements and increased demand for tradespeople services. Enjoy a secure lifestyle as 77% tradespeople view labor shortages as an issue. COVID-19 has resulted in a 3% growth in the home services industry while the US economy dropped 3.5%. Trade-trained professionals can benefit from a low cost and quicker completion time than traditional college degrees. Embrace digital technologies such as customer relationship management software, job management solutions, digital marketing platforms and more to stay competitive.
KPMG and Google Cloud come together to revolutionize the way businesses work by providing cloud infrastructure and cutting-edge generative AI capabilities. This alliance will help organisations to upgrade their operations and seize the opportunities afforded by AI. Together, they plan to develop solutions tailored to the needs of different sectors and strive to ensure a responsible use of generative AI.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?