📈 How are companies using AI?

➜ GenAI on Nasdaq: Nasdaq, the exchange operator, has partnered with AWS's Amazon Bedrock service to develop GenAI applications. This new feature assists in market abuse investigations conducted by Nasdaq’s clients. The results are promising: during proof-of-concept testing, surveillance analysts estimated a 33% reduction in investigation time.

Finextra

➜ AI Tailors The App Home Screen: Best Buy has recently revamped its mobile app. While AI was not a central focus of this project, the retailer is delving deeper into AI integration. The new app uses AI to tailor home screens based on customers’ shopping history, membership status, and other criteria.

RetailDive

➜ Digital AI Sneakers on Instagram: Reebok has partnered with AI and metaverse technology company Futureverse to create “Reebok Impact.” Users can share a photo memory on Instagram to generate a custom digital sneaker. These digital shoes are compatible with Roblox, Fortnite, and other virtual experiences.

RetailDive

➜ $10M+ for MariaGPT and AI-Powered Smart Wallet: Kudos, an app and browser extension that acts as a smart wallet assistant, helps shoppers select the best credit card to maximize rewards and cashback. Kudos has grown to over 200,000 registered users and recently raised over $10 million USD to enhance MariaGPT, an AI-powered card discovery tool with over 3,000 cards in its database.

Finextra

➜ Design Your Underwear with AI: The DTC lingerie brand Adore Me has launched AM by You, a generative AI-powered custom design tool that allows consumers to create their own customized bralette and panty sets.

FashionDive

➜ AI Chip Wars: Microsoft might become an Nvidia frenemy. The company announced plans to offer its cloud computing customers a platform of Advanced Micro Devices (AMD) AI chips, a longtime rival of Nvidia.

TheStreet

💡 What are the nerds up to?

➜ Bye, Bye, AI: In an unexpected turn, with AI dominating search results, Google will now allow users to perform a “web” search and opt-out of AI overviews. Predictably, someone has already developed a Chrome extension to make this opt-out easier.

TomsHardware

➜ Gemini & ChatGPT as an Add-On: Speaking of Chrome extensions, after being laid off, an ex-Googler built ‘Ask Steve,’ an LLM add-on to overcome challenges with third-party systems (like Salesforce, SAP, Workday). The add-on helps users get summaries of peer reviews, quickly generate personalized outreach letters to candidates, and more. “I can’t tell you how much fun it has been to build something after 8 years of decks and docs,” the author wrote.

AskSteve

➜ AI Has Just Made Interviews Harder: A freelance website developer made an interesting observation: while preparing for interviews in recent weeks, he noticed a dramatic increase in question difficulty this year. The reason? AI. 

SoftwareDesign.ing

➜ AI Data Centers Hungry for Power: American AI data centers might use as much energy as new US solar farms produce.

FinancialTimes

➜ Tesla Lost Top AI Talent: Paril Jain, who spent the last 9 years at Tesla contributing to its autonomous driving efforts, is leaving the company amid a broader talent exodus. Jain’s next venture is co-founding 'The Bot Company,' a startup building robots, founded by Kyle Vogt, co-founder of Twitch and Cruise.

Electrek

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