Results for: GenAI

Qatar Tourism and Visit Qatar have secured prestigious international awards recognizing their pioneering use of artificial intelligence (AI) in the tourism sector. Visit Qatar’s GenAI-powered chatbot and trip planner earned the ‘Enterprise AI Tech Award’ for best use of Gen AI, while Qatar Tourism’s Service Excellence Academy received the Gold Travel Weekly Magellan Award for its destination education programs. These wins highlight Qatar’s commitment to digital innovation and exceptional service, solidifying its position as a leader in the global travel industry.

Adobe’s (ADBE) stock is seeing positive reactions from analysts after the company’s MAX 2024 Creativity Conference showcased a strong focus on generative AI (GenAI) and new product launches. While some analysts highlight the competitive landscape, others believe Adobe is well-positioned for long-term growth with its GenAI strategy.

Sebastien Bubeck, the vice president of GenAI research at Microsoft, has joined ChatGPT-parent company OpenAI, raising questions about the future of the partnership between the two companies. Bubeck’s move comes amid reports of OpenAI seeking greater independence from Microsoft’s cloud services and recent large funding rounds.

Accenture (ACN) reported solid fiscal fourth-quarter earnings, showcasing robust growth in generative AI (GenAI) bookings and revenues. However, the stock faced pressure in early trading, with analysts offering mixed perspectives on the company’s future prospects.

International Data Corporation (IDC) forecasts a resurgence in global smartphone shipments, with Apple poised to benefit from the rising popularity of GenAI devices and its strategic moves in China. Analysts predict further upside for Apple stock, with an average price target of $240.54.

Despite the excitement surrounding generative artificial intelligence (GenAI), its adoption by IT outsourcing firms is lagging. High error rates, significant deployment costs, and the technology’s relative newness are key factors hindering widespread implementation. While GenAI holds potential to revolutionize customer experience, companies are taking a cautious approach, prioritizing accuracy and integration with existing workflows.

Yatra Online Limited, India’s leading corporate travel services provider, has launched its Expense Management Solution to empower businesses in managing expenses seamlessly. This scalable solution revolutionizes expense handling by integrating travel bookings and expense tracking, offering accuracy and efficiency like never before. It harnesses cutting-edge technologies like GenAI Large Language Models for precise receipt analysis and advanced analytics for informed decision-making.

Consulting firms are increasingly investing in artificial intelligence (AI) to enhance efficiency and productivity, leading to a shift in the traditional model of workforce expansion. Some employees, particularly in junior roles, may be impacted as AI assumes routine tasks. However, firms also emphasize upskilling and reskilling initiatives to equip their teams to work alongside emerging technologies. AI is seen as a game-changer for tax functions, where generative AI (GenAI) can expedite analysis and help prepare responses to tax notices. Consulting firms are also exploring AI-based systems for cognitive processes, problem-solving, and decision-making.

Flipkart Leap Ahead (FLA) is a program that provides equity investments of USD 200,000 to USD 500,000 to early-stage startups leveraging GenAI in their core solutions. Applications for the third cohort are open from April 22 to May 26, and selected startups will receive two-month mentorship from industry veterans.