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In the last few years, generative AI has redefined product design and marketing for businesses looking to stay ahead. In fact, the market for AI in product design is projected to rapidly grow at a rate of 12.1% per year, from $15.84 billion in 2025 to $24.99 billion by 2029.
Qi enhances its customer service with Genesys' Generative AI and Cloud technology, achieving an 80% reduction in response time and 60% telecom cost savings.
Data integration platform provider Nexla Inc. today announced an update to its Nexla Integration Platform that expands no-code generation, retrieval-augmented generation or RAG pipeline engineering, and data governance capabilities to make enterprise-grade generative artificial intelligence accessible to everyone.
The arrival of big data, artificial intelligence (AI), and shared databases, offers unparallelled potential for advancing the study and treatment of rare diseases
UNC Charlotte researchers are contributing to pioneering breakthroughs in cancer therapeutics, communicable disease forecasting and prevention, optical applications for health care, and use of AI and other innovative computational tools — and more.
Beyond speed, AI has also helped reduce costs. Conventional methods required nearly $35,000 per genome analysis, but AI-driven models running on GPUs have lowered the cost to under $2,000, making high-quality genomic research more accessible.
This new approach, powered by a specialised protein large language model, predicts the most effective protein variants while using 99% less data than traditional methods.
Unlike the post-2000 innovations that did not fundamentally alter labor productivity, GenAI promises to transform core business processes and knowledge work.