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Amazon Utilizes Generative A.I. for Product Review Summaries
Amazon Tests AI-Generated Product Review Summaries to Aid Shoppers. The shopping app now features AI-generated summaries of customer reviews, highlighting positive and negative aspects of products....
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Generative AI’s $4.4 Trillion Boost: 4 Key Use Cases Drive 75% Value
Generative A.I. holds vast potential across 63 use cases, valued at $2.6T to $4.4T annually, reveals McKinsey Global Institute. Customer operations, marketing, sales, and software engineering stand...
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Nvidia Surpasses $1T Market Cap, Fueled by AI’s Growth
Nvidia joins $1T market cap club, 7th U.S. company to achieve milestone. The stock surged +3.9% on Tuesday, reaching a market cap of $1.01T. Apple, Microsoft, Amazon, Alphabet, and Meta were...
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OpenAI Launches Text Generation Upgrades with Lower Pricing
OpenAI Upgrades Text-Generating AI, Introduces Function Calling and Lower Pricing. The latest releases, GPT-3.5-turbo and GPT-4, now support function calling, enabling developers to generate code for...
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Federal Reserve Holds Rates, Forecasts 2 More Hikes in 2023
The Federal Reserve kept rates steady, but signaled readiness for future hikes this year to combat inflation. The benchmark rate remains at 5%-5.25%, the first no-change decision since January 2022....
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Millennial Homeownership: Lagging Behind Past Generations
Millennials’ low home-buying rate worsens due to a tough housing market, impacting the economy. Homeownership for those born between 1981 and 1996 is significantly lower than previous generations. All...
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CFOs Expect Worsening Economy in 1 Year: Deloitte Survey
North America’s finance executives foresee global economic downturn in the coming year, per Deloitte’s CFO Signals survey. The Q2 survey reveals a more negative outlook for 2024 compared to Q1. CFOs...
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US Mortgage Rate Falls to 6.69%, 2nd Straight Drop from 2023 High
The average long-term US mortgage rate dropped again this week, benefiting potential homebuyers. According to Freddie Mac, the average rate on the 30-year home loan fell to 6.69% from 6.71% last week,...
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US Music Publishers Sue Twitter for Copyright Violations
NMPA Seeks $250m Damages in Lawsuit Against Twitter for Music Copyright Infringement. The NMPA accuses Twitter of profiting from unlicensed music, giving it an unfair advantage over licensed...
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Gen Z & Millennials Delay Financial Planning Due to Complexity: Survey
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