Tag: Financial Services

Cognizant, a leading IT services and consulting company, is investing in AI-enabled technologies and reducing its workforce by 3500 people. CEO Ravi Kumar has implemented a new technology - "generative AI" - designed to double employees' productivity. The company is also creating an "AI accelerator" to explore the possibilities of AI and build prototypes rapidly. With a workforce of over 300,000 spread across 50 countries, Cognizant is making its presence felt worldwide.

Samsung Electronics has taken action to prohibit their employees from using artificial intelligence services such as ChatGPT within the company's mobile and appliance divisions due to recent reports of misuse. Chief Information Officer Nam Yoon-sung is leading a task force to monitor the use of ChatGPT and the Digital Health Innovation Center has put in place policies, guidelines and regulations to prevent further misuse. Samsung Electronics is a remarkable global technology giant with a broad range of products and services.

Daiwa Securities Co. is setting a precedent for Japanese financial institutions by using ChatGPT, a sophisticated AI chatbot. This advanced technology is likely to reduce the number of outsourced documents and streamline the business plan development process, saving time and money. However, some banks in the US and Europe are not fully utilizing this technology due to privacy issues. Microsoft Corp. offers a secure environment to guarantee the safety of all conversations.

The UK Minister of Investment, Lord Dominic Johnson, today inaugurated the new British Trade Office in Pune, marking the UK's commitment to Maharashtra and India. Several business leaders and investors, including Serum Institute of India, Bharat Forge and Zensar, attended the opening event. Lord Johnson said that the UK is the number one investment destination in Europe for life sciences and AI. This office serves to further strengthen the bilateral trade and investment between the UK and India.

. JPMorgan Chase is a leading financial services firm that is investing in AI-powered economic models such as ChatGPT & developing Hawk-Dove scores to analyse and predict central banks policy changes. Under Jamie Dimon’s leadership, JPMorgan continues to be a pioneering firm in the use of new technologies.