ChatGPT and Generative AI in Payments: Reality, Hype, What's Next, and How to Prepare
ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has caught the attention of payments services providers keen to unlock the potential of the generative AI that powers it. Generative AI is set to revolutionize various sub-verticals within the payments industry. The most significant impact is expected to be seen in payment networks, mobile wallet providers, and issuing banks.
Over the next few years, we expect to see many positive use cases for generative AI. The most viable and valuable are believed to be in authentic chat, personalization, credit scoring, payment optimization, and fraud detection. On the other hand, there are a couple of not-so-promising use cases for generative AI in payments which include security and compliance.
While generative AI's rise may seem sudden, it will take a considerable time for industries to fully embrace its disruptive impact. Want to learn where generative AI has the greatest impact in payments, the most and least promising use cases for the technology, and actionable steps for providers to prepare for its rise?Sign up for notifications from Insider! Stay up to date with what you want to know.Get a daily newsletter packed with stats about trends affecting your industry.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
I turned my vacation photos into nightmares with Photoshop’s new generative AI toolPhotoshop’s generative AI tool turned my vacation photos into nightmare fuel
Leer más »
Baidu's AI revolution: CEO announces launch of game-changing generative AI modelBaidu, the renowned Chinese search engine giant, is set to unleash Ernie 3.5, a cutting-edge generative AI large-language model.
Leer más »
Is Generative AI Bad for the Environment?A computer scientist explains the carbon footprint of ChatGPT and its cousins.
Leer más »
AI-powered search: Google unleashes cutting-edge generative tech for US usersGoogle has begun rolling out a generative AI function to its standard Google search program for selected users in the United States.
Leer más »
NVIDIA's next DGX supercomputer is all about generative AI | EngadgetNVIDIA says it created a supercomputer designed to help build generative AI models.
Leer más »
NVIDIA's generative AI lets gamers converse with NPCs | EngadgetNVIDIA has unveiled technology called Avatar Cloud Engine (ACE) that would allow gamers to speak naturally to non-playable characters (NPCs)..
Leer más »