GenAI Makes the News for All the Wrong Reasons as Hype Succumbs to Reality

Artwork of the day: A Sunday on La Grande Jatte, Georges Seurat, 1884-1886

In his best-known and largest painting, Georges Seurat depicted people relaxing in a suburban park on an island in the Seine River called La Grande Jatte. The artist worked on the painting in several campaigns, beginning in 1884 with a layer of small horizontal brushstrokes of complementary colors. He later added small dots, also in complementary colors, that appear as solid and luminous forms when seen from a distance.

Seurat's use of this highly systematic and "scientific" technique, subsequently called Pointillism, distinguished his art from the more intuitive approach to painting used by the Impressionists. Although Seurat embraced the subject matter of modern life preferred by artists such as Claude Monet and Pierre-Auguste Renoir, he went beyond their concern for capturing the accidental and instantaneous qualities of light in nature.

Report Reveals Companies "Not Rushing Into AI" as Markets Panic

A new survey shows AI is coming, but not as fast as valuations imply.

If yesterday’s market crash weren’t enough to feed fears that AI-driven gains are overhyped, here’s another statistic from this fabulous MIT and Boomi report that will certainly help with more perspective:

“Nearly all organizations (98%) say they are willing to forgo being the first to use AI if that ensures they deliver it safely and securely.”

Read the whole story which separates hype from reality: HERE

Banks Embrace AI: The Challenge, Standing Out From The Competition

AI is table stakes in banking and will not convey a sustainable advantage.

Oracle nails it with this report acknowledging that banks must become more like tech companies by building out data and AI capabilities, to become more than a “utility bank.”

Mastering AI and data is simply the only way banks can become something more than pure utility providers offering commoditized, low-profit financial solutions.

But this isn't enough....what if all banks do it simultaneously?

Read more: HERE

GenAI’s Role In Asia’s Explosive Wealth Management Growth

Doubling AUM under management in three years!

Accenture lays out how Asia’s wealth management industry is on fire and will use GenAI to help -double- AUM over the next three years!

Are you shocked? Don’t be.

Read more about Asia's incredible growth: HERE

Digital Wallets: The New Nightmares Keeping Card Companies Awake

Digital wallets are taking over payments, giving card companies nightmares, and now it's getting even worse as they are coming for card companies' cross-border business, too.

You could credit digital wallet growth to convenience and you'd be mostly right.

The problem with that assessment is that you'd be missing out on digital wallets' biggest feature..... Read on for more HERE

?? WEEKEND READ?? The Great Acceleration CIO Perspectives on Generative AI: From MIT & Databricks

While GenAI has certainly been overhyped, the reality is that it is coming for every company. Saying no to GenAI isn't an option.

That's why, once again, GenAI makes the weekend reading list.

Read this great report: HERE

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