In a competitive market, fintechs are advised to be savvy and strategic when acquiring new customers. Rather than going full force and pursuing larger market share, focus on customers providing greater lifetime value. Options to consider include partnering with employers and alternative channels like ChatGPT and TikTok. JPMorgan Chase is an example of this approach. Additionally, fintechs should consider the customers' churn rate to ensure a higher valued base.
. 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.
Yokosuka City is embracing artificial intelligence (AI) technology to help keep a thriving infrastructure as Japan’s population decreases. Employees can use the AI chatbot ChatGPT to summarize sentences, check spelling errors and create ideas, as stated on the municipal government’s website. This is a result of the nation's population crisis and the city's hope that ChatGPT's technology will allow workers to stay productive and offer citizens higher quality services. Even if ChatGPT is met with ethical concerns, it is still being used to draft and proofread Yokosuka City’s news. A powerful software created by Open AI, it has the potential to set the standard for a ethical use of AI technology.
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?