According to NLX CEO Andrei Papancea, a significant number of retailers are planning to implement customer-facing generative AI for the holiday season, but its widespread adoption is not yet apparent in the industry.
https://www.pymnts.com/artificial-intelligence-2/2024/retailers-bet-on-ai-to-drive-holiday-sales/Apple's efforts to improve its AI capabilities are seen as a key part of its strategy to boost iPhone sales, particularly with the launch of the iPhone 16 series. Analysts predict that the combination of AI advancements and a refreshed product lineup could revive consumer demand for the iPhone by 2025. Despite concerns about the near-term outlook for Apple's iPhone business, industry analysts are optimistic about the future, citing data from LSEG that shows iPhone revenue is expected to recover in the coming years driven by AI-powered updates and hardware innovation.
https://africanews.com/2024/12/25/apple-soon-to-be-valued-at-4-trillion-on-the-stock-market/Experts predict that in 2025, enterprises will use artificial intelligence (AI) agents to generate new revenue streams and innovate business processes across industries. This is expected to boost profitability, operational efficiency, and customer experience. According to industry experts such as Sandhya Arun, Chief Technology Officer at Wipro, and Mohammed Rafee Tarafdar, CTO of Infosys, AI will be used to automate tasks and re-engineer processes, improving reasoning capabilities and enabling the use of small language models that can deliver higher accuracy at lower cost.
https://www.lokmattimes.com/business/ai-to-generate-new-revenue-streams-in-2025-innovate-business-processes-experts/Amazon's new AI-powered visual search feature is being tested in a pilot program with several major retailers. The technology uses computer vision and machine learning to allow customers to search for products by image, rather than text. For example, users can upload a photo of a product they like, and the system will return similar items from various brands such as Target and Walmart. This feature is expected to be rolled out more widely in the coming months, with Amazon aiming to make it available on its mobile app and website.
https://www.pymnts.com/artificial-intelligence-2/2024/how-ai-reshaped-retail-in-2024-10-key-developments/Full Glass Wine Co is leveraging artificial intelligence (AI) to enhance its direct-to-consumer (D2C) business model. The company has partnered with Caper Carts, a provider of checkout-free shopping technology, to implement an AI-powered mobile commerce platform that utilizes data analytics and machine learning algorithms to personalize the shopping experience for customers. This integration aims to increase checkout conversion rates and drive sales growth by offering loyalty rewards and subscription services through its digital wallet.
https://www.pymnts.com/news/retail/2024/ai-omnichannel-and-social-commerce-inside-the-2024-d2c-transformation/A lawsuit has been filed against Microsoft and OpenAI, a company valued at $157 billion, alleging that they are attempting to monopolize the market for generative artificial intelligence and stifle competition from other companies. The complaint claims that their actions could have far-reaching implications for the tech industry and potentially limit innovation in the field of AI.
https://nypost.com/2024/12/24/business/elon-musks-xai-raises-6b-to-bolster-battle-against-openai/UAE companies are rapidly adopting cloud computing and plan significant investment in artificial intelligence (AI) within the next 15 months, according to a survey by SAP. The survey found that 67% of UAE enterprises already host their core business processes on the cloud, with a further 22% planning to do so within the next 15 months. Most companies are currently leveraging AI in areas such as marketing and customer service, but less so in supply chain and product development. Marwan Zeineddine, Managing Director of SAP UAE, noted that while data quality is a concern, implementing solutions like SAP S/4HANA can improve data quality and enable AI algorithms to make accurate predictions and decisions. The survey also highlighted challenges such as integration with existing systems and lack of skilled personnel in AI implementation.
https://www.thenationalnews.com/advertorial/2024/12/24/uae-companies-rapidly-adopting-cloud-and-increasing-ai-investment-new-sap-survey-shows/DYXnet, a leading ICT service provider in Hong Kong and the Asia Pacific region, has integrated its services with cutting-edge AI technology to provide customized knowledge bases and intelligent assistants to clients. The company seamlessly integrates with powerful models such as OpenAI's ChatGPT, Google's Gemini, and SenseTime's SenseChat AI, allowing it to create brand ambassadors and unlock real-time scenarios of digital humans in conjunction with DYXnet's ChatV. Established in 1999, DYXnet has become a wholly-owned subsidiary of VNET Group (NASDAQ: VENT) and operates over 200 PoPs worldwide, covering more than 700 cities and serving over 30,000 client sites.
https://www.malaymail.com/news/money/mediaoutreach/2024/12/23/celebrating-25-years-of-excellence-dyxnet-embarks-the-new-chapter-of-digital-transformation/352095DYXnet has been recognized for its innovative technology, winning a Gold Award at the Asia-Pacific Stevie Awards. The company's AI series includes an enterprise-grade GenAI assistant called "DYXnet ChatV" and an AI multimedia solution called "Digital Human Platform", which was developed in collaboration with Tencent. DYXnet ChatV integrates with powerful models such as OpenAI's ChatGPT, Google's Gemini, and SenseTime's SenseChat AI to allow clients to build customized knowledge bases and intelligent assistants. The Digital Human Platform leverages cutting-edge AI technology to generate AI anchor videos and create digital humans that can be used in real-time scenarios with DYXnet ChatV.
https://www.manilatimes.net/2024/12/23/tmt-newswire/media-outreach-newswire/celebrating-25-years-of-excellence-dyxnet-embarks-the-new-chapter-of-digital-transformation/2026623