AI & RoboticsNews

Genpact teams up with Microsoft to empower its workforce with generative AI tools

Genpact and Microsoft have announced a strategic collaboration that will grant Genpact’s global talent access to Microsoft’s Azure OpenAI Service. This partnership aims to unlock fresh possibilities in implementing generative AI capabilities and solutions for its joint clients. Genpact plans to leverage large language models (LLMs) to harness the potential of gen AI, driving enterprise…
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AI & RoboticsNews

Wayfair unveils generative AI solution to reimagine interior design

Online furniture retailer Wayfair today announced the launch of Decorify, a novel generative AI solution that reimagines the entire interior design process. Available in a pilot program starting today, the offering allows users to envision their homes in different styles by simply uploading a picture of their space. Using the uploaded image as a starting prompt, Decorify generates multiple…
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AI & RoboticsNews

UBS projects 61% compound annual growth rate for AI demand between 2022 and 2027

In an analyst note on Tuesday, the financial services arm of Swiss banking giant UBS raised its guidance for long-term AI end-demand forecast from 20% compound annual growth rate (CAGR) from 2020 to 2025 to 61% CAGR between 2022 to 2027. “We don’t think AI is a bubble given clear use cases and solid long-term visibility, but recommend investors consider companies with clear monetization…
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AI & RoboticsNews

How to navigate your engineering team through the generative AI hype

In the last six months, AI, specifically generative AI, has been thrust into the mainstream by OpenAI’s launch of ChatGPT and DALL-E to the general public. For the first time, anyone with an internet connection can interact with an AI that feels smart and useful — not just a cool prototype that’s interesting. With this elevation of AI from sci-fi toy to real-life tool has come a mixture of…
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