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I was at dinner last night and this came up where a number of consultants were sharing about how we work with teams and one was a bank and they said they weren’t allowed to talk to their customers. We were like, yes, but everybody you know banks. It turns out the way you bank is probably really similar to the way that I bank.
Scale through platform investment: Rather than custom solutions, Revolut builds scalable platforms that enable a team of 300 people to ship credit products monthly across 50 countries—a function that typically requires 2,000 to 3,000 employees at traditional banks.
Maybe you’ve even tried some popular AI tools, like the good ol’ ChatGPT. Here are the mockups Galileo generated for the text prompt: Design a mobile banking app with features such as account balance display, transaction history, funds transfer, and bill payments. Chances are, you already know that.
USERS: Explain to ChatGPT who the users you design for are. Here is an example of how to fill it: PRODUCT: Complex desktop product for account managers that handles bank accounts for people and helps them manage their accounts. USERS: Bank account managers. Ask for more ideas If you want more ideas, the chat can give you more.
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Sales (inevitably) wants to expand our European SMB tech manufacturing ICP to include US-based global banks. A competitor announces ChatGPT-based retirement investment advice. Examples: A Fortune 50 financial company light-years away from our core manufacturing market expresses interest. Sales
While acknowledging the potential of some AI, such as ChatGPT, AI Snake Oil uncovers rampant misleading claims about the capabilities of AI and describes the serious harms AI is already causing in how it’s being built, marketed, and used in areas such as education, medicine, hiring, banking, insurance, and criminal justice.
The iPhone spawned its own economy, creating millions of jobs, and reinventing how work gets done in retail, banking, healthcare, and virtually every other industry. Consider this: ChatGPT had a million users within five days of its late 2022 release. The App Store, now home to more than 1.8
If PMs wanted to crunch numbers, they’d be working as analysts at banks. This year, we’ll see bold, brave firms implementing cognitive automation solutions like OpenAI ’s revolutionary ChatGPT to take on that responsibility, freeing up PMs to focus on interpreting and communicating what’s important from that data.
Thanks to improvements in cloud security and customization, even organizations in sensitive industries like banking and healthcare are increasingly moving assets to the cloud. ChatGPT has brought the AI discourse to every industry. Well, the future has finally arrived.
Neither Databricks nor MosaicML used an outside investment bank on the deal. ChatGPT summary, not an official release) I have zero inside knowledge, but I’m willing to bet that MosaicML’s valuation took a giant hockey-stick leap thanks to the open source AI emergence of the past few months.
We chatted about DALL-E, GPT-3, and if the hype surrounding AI is just that or if there was something to it. Right now, ChatGPT performs best on problems where it’s easy to validate the answer or creative contexts where there’s no such thing as a correct answer. ChatGPT’s big debut. Can ChatGPT be creative?
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Answering these questions in 3 minutes results in a great story 14:00: Chris Spiek & Justin Dickow: How Autobooks Reinvented Itself Small business owners want to focus on running their business, not doing taxes/accounting Unique way taken to market: Autobooks is used through online banking, not the autobooks web domain JBTD Research: Did interviews (..)
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