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GenAI, artificial intelligence capable of generating data like videos, text, and images, is poised to revolutionize wealth management, but most industry players lack a clear long-term strategy. Early pilots have shown that using GenAI can significantly boost client conversion rates, potentially increasing them by up to 100 percent according to Boston Consulting Group's Global Wealth Report 2024.
Despite 86 percent of financial institution executives acknowledging the disruptive potential of GenAI, 82 percent admit to lacking both a long-term strategy and short-term implementation roadmaps. Once adopted, GenAI can enhance client interactions, reduce costs, and improve productivity across the board, freeing up relationship managers' time to focus on more critical tasks.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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