Artificial Intelligence is all about identifying patterns and then delivering services that are customised and ensure a satisfying customer experience. And, one sector that needs this service desperately is banking. While some think AI is new, it has been driving the sector for long. The benefits of AI in banks and credit unions are widespread, reaching back office operations, compliance, customer experience, product delivery, risk management and marketing to name a few.
The world is divided into two when it comes to Artificial Intelligence or AI. While one side thinks that it adversely impacts the human race, the other is positive and upbeat about changing the world with this technology.
Amid this state of the debate, there are some tech giants that are ready to pump in their moolahs to explore AI and bring out its real potential for the human race and not against it. Interestingly, according to a report by CB Insights, almost 140 private companies working to advance artificial intelligence technologies have been acquired since 2011, with over 40 acquisitions taking place in 2016 alone.
Here are six such tech biggies who are betting big on AI:
Did we tell you Machine Learning and Artificial Intelligence are the next big thing? Ohh! We did. But, did you know Google’s CEO, Sundar Pichai agrees to it, too.
You saw him making a much-talked about visit to his Alma Mater, IIT-Kharagpur, after years he passed out of the institution. Now that he came to the country and to the college he is alumni of, he played cricket, met people, and then addressed the students. During his address the focal point he made was that Machine Learning and Artificial Intelligence will be driving the future.