Vancouver, Kelowna, Delta, BC – June 28, 2023 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye – watching stock news, deal tracker and advancements in artificial intelligence.
Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
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AI Eye Podcast: Stocks discussed: (NYSE: ORCL) (NYSE: TWLO)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Oracle Adds Generative AI-Powered Capabilities, and Twilio Partners with Frame AI
Stocks discussed: (NYSE:ORCL) (NYSE:TWLO)
Oracle Corporation (NYSE:ORCL) has announced the addition of generative AI-powered capabilities within Oracle Fusion Cloud Human Capital Management (HCM). These new capabilities are supported by the Oracle Cloud Infrastructure (OCI) generative AI service, and “are embedded in existing HR processes to drive faster business value, improve productivity, enhance the candidate and employee experience, and streamline HR processes.” Chris Leone, executive vice president, applications development, Oracle Cloud HCM, said:
“Generative AI is boosting productivity and unlocking a new world of skills, ideas, and creativity that can have an immediate impact in the workplace. With the ability to summarize, author, and recommend content, generative AI helps to reduce friction as employees complete important HR functions. For example, with the new embedded generative AI capabilities in Oracle Cloud HCM, our customers will be able to take advantage of large language models to drastically reduce the time required to complete tasks, improve the employee experience, enhance the accuracy of workforce insights, and ultimately increase business value.”
Twilio Inc. (NYSE:TWLO) has announced a partnership with Frame AI, a next-generation AI-driven platform for Customer Intelligence, wherein the two companies will leverage AI to enhance customer engagement delivered within Twilio Flex (the cloud-based digital engagement solution for personalized interactions across contact centers, sales, and in-app concierge). George Davis, CEO of Frame AI, commented:
“Contact centers are the eyes and ears of an enterprise, but the data they generate is undervalued and underutilized. Our integration with Twilio’s CustomerAI will allow contact center leaders to rapidly identify opportunities to reduce costs, build more valuable customer relationships, and make their data a force multiplier for the rest of their organization.”
Global Generative AI Market to Reach $42.68B by 2027
Research published by ReportLinker finds that the global market for Generative AI is projected to grow from $10.28 billion USD in 2022 to $42.68 billion in 2027, registering a compound annual growth rate (CAGR) of 32.9 percent in the forecast period. The following excerpt from the report’s summary outlines the nature and utility of Generative AI technology:
The increasing usage of artificial intelligence is expected to boost the growth of the generative AI market going forward. Artificial intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems and other smart tools and software.
Generative AI automatically creates incredibly realistic and interactive virtual environments, decreasing the time and effort required to generate these environments while increasing their realism and interactivity.
Sam Mowers, Investorideas.com
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AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse(TM), its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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