#AIEye
#Podcast: #Stocks discussed: (NYSE: $ORCL) (NYSE: $TWLO)
Oracle
Adds Generative AI-Powered Capabilities, and Twilio Partners with Frame AI
Global
Generative AI Market to Reach $42.68B by 2027
Vancouver, Kelowna, Delta, BC – June 28, 2023 – 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).
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2023/062823-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2023/artificial-intelligence/06281ORCL-TWLO.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
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
Read and
hear other editions of the AI Eye
For a list of
artificial intelligence stocks on Investorideas.com visit
here
Podcast sponsor:
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™, 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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