Fraud? Not on CBA’s Watch. Commonwealth Bank of Australia has unleashed AI to fight fraud – and it’s crushing it. With machine learning scanning 2M+ transactions daily, fraud-related costs have dropped by 50%. Banks everywhere, take notes.Fewer graduates pick accounting. And 75 percent of current CPAs will retire in the next 15 years, leaving a huge vacuum in the industry. David Phillips, a serial entrepreneur, saw this as an opportunity and funded Fondo, a bookkeeping platform aimed at startups and small- and medium-sized businesses. Fondo makes the most of software, AI, AND accounting experts. The 4-year-old startup reached annual recurring revenue of $6 million, and is profitable.
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AI'm Informed

3.12.2024

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📈 How are companies using AI?

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➜ Fraud? Not on CBA’s Watch. Commonwealth Bank of Australia has unleashed AI to fight fraud – and it’s crushing it. With machine learning scanning 2M+ transactions daily, fraud-related costs have dropped by 50%. Banks everywhere, take notes.
Finextra

 

➜ The AI Factory for Stories. Audio giant Pocket FM is using AI narrators and editing tools to churn out fresh content in multiple languages at lightning speed. With over 100M users hooked, it’s a storytelling  machine on steroids.
TechCrunch

 

➜ A Voice Bot That is Always On. Meesho just rolled out a GenAI-powered voice bot for round-the-clock customer support. Multilingual, lightning-fast, and scalable – this bot isn’t just a feature, it’s a game-changer for millions of shoppers.
Economic Times

 

➜ When Hollywood Goes Global. IMAX is joining forces with CambAI to localize marketing for global audiences. AI tools now create trailers and posters tailored for every region, making Hollywood feel a little more local.
OpenTools

 

➜ Alibaba vs. OpenAI. Alibaba just unveiled “O1,” an open-source reasoning model built to challenge the likes of GPT. Complex problem-solving? Check. Open innovation? Double check. The AI space just got more interesting.
TechCrunch

 

➜ Here Comes the Video Revolution. Amazon is working on a video AI model that’s smarter than ever – think real-time object recognition and emotion detection. From streaming to e-commerce, this tech could redefine how we see video.
Reuters

➜ AI: America’s Economic Fix? Economists say AI could improve the US’s fiscal health by optimizing public spending and fighting fraud. It’s not just about productivity – it’s about saving the economy, one algorithm at a time.
CNBC

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💡 What are the nerds up to?

 

​​➜ King Kling: Kling AI Updates to 1.5 With a Blast. Have you tried Kling AI’s brand new Motion Brush? Pick an image you want to turn into a video and add different motions to multiple subjects in the same scene. It’s insane how well it works. Image to video conversion gets smoother by the day!

X

 

​​➜ Zoom Goes AI-First. Zoom is dropping “video” from the company name in a bid to no longer be known as a ‘meeting enabler’. Workers have returned to offices, and competition from Google, Microsoft, and Slack offers video as a feature of the office suites companies already pay for. So how does it plan to compete? With AI! Zoom Communications CEO Eric Yuan writes that Zoom aims to become an “AI-first work platform for human connection.”  

The Verge 

 

➜ Intermediary Between Content Publishers and Companies That Scrape. Currently, content publishers are faced with rather difficult decisions over what to do about GenAI: They can block web scrapers, they can sue AI companies, they can let bots roam free, or… they can look for ways to cash in. French startup Linkup is tackling just that with an API that lets developers access web content from premium, trusted sources. The company signs content licensing deals with publishers, integrates with their CMS, and pays content partners based on how often their content is accessed by Linkup clients.

TechCrunch

 

​​➜ Next-Gen Operating System for AI Agents. They can carry out tasks and make decisions autonomously and with little human input – AI agents are THE thing right now and former Android leaders are jumping on the trend. They just announced they’re launching /dev/agents to put together an operating system for AI agents. “We can see the promise of AI agents, but as a developer, it’s just too hard to build anything good,” /dev/agents cofounder and CEO David Singleton told Bloomberg.

The Verge

 

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To all the nerds out there: Learn how to make the most of AI Agents from Netguru’s latest ebook “AI Assistants for Process Optimization.” Get your copy HERE.   

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kuba filipowski
Kuba Filipowski
CEO and Co-founder at Netguru
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Netguru S.A., Małe Garbary 9, Poznań, Polska 61-740, Poland

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