Tag: GenAI
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UST Launches ‘UST Retail GenAI platform’
UST has unveiled its ‘UST Retail GenAI platform’ at the London Innovation Lab. Steve Rempel, SVP & International CIO at Walgreens Boots Alliance, inaugurated this pioneering platform to transform retail operations through the power of Generative AI. Steve shared valuable insights on critical success factors to enable GenAI adoption, including the need to appreciate the…
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OpenAI Challenges Google’s Search Dominance with SearchGPT
In a bold move, OpenAI has launched SearchGPT, an innovative AI-powered search engine designed to challenge Google’s long-standing dominance in the search market. The unveiling of SearchGPT marks a significant step for OpenAI as it expands beyond its foundational work in AI and generative language models. A New Era of AI-Driven Search SearchGPT aims to…
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AWS to invest $230 million in Generative AI startups
Amazon Web Services, Inc. (AWS) has announced to invest a $230 million in startups worldwide to accelerate the creation of generative AI applications. This will provide startups, especially early-stage companies, with AWS credits, mentorship, and education to further their use of artificial intelligence (AI) and machine learning (ML) technologies. Part of the new commitment will…
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Retailers turn to GenAI to boost online sales: Forrester
Forrester has released a new forecast indicating that global online retail sales are set to rise dramatically, from $4.4 trillion in 2023 to $6.8 trillion by 2028, growing at a compound annual growth rate (CAGR) of 8.9%. As e-commerce continues its rapid expansion, retailers are increasingly investing in generative AI ( GenAI ) technologies to…
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