Artificial Intelligence

Artificial Intelligence

Erica virtual assistant

Bank of America says clients use virtual assistant 1.5 mn times per day

Bank of America said 32 million customers had used its virtual assistant, which allows them to check bill payments, account balances and track spending...
Acer 5 laptop

Wordly launches on-demand transcript translation

Wordly, a provider of AI-powered translation services, has launched on-demand Transcript Translation. Wordly has also expanded Developer APIs to make it affordable for companies to...
Spending on Artificial Intelligence in China

China’s AI investment to reach $26.69 bn in 2026: IDC

China’s AI (Artificial Intelligence) investment is expected to reach $26.69 billion in 2026, accounting for about 8.9 percent of global investment. IDC’s Artificial Intelligence Spending Guide...
Akasa Air IT investment

Akasa Air selects AI-powered product AirGain by RateGain

Akasa Air has selected an AirGain by RateGain, an Artificial Intelligence (AI)-powered product, to make air travel affordable by leveraging accurate and real-time airfare...
AI Spending in Asia Pacific IDC forecast

Forecast on spending on AI in Asia Pacific

Spending on AI systems - including hardware, software, and services – in Asia Pacific will rise from $20.6 billion in 2022 to around $46.6...
AI spending forecast for 2022 - IDC

Artificial intelligence (AI) revenue to touch $450 bn: IDC

Worldwide revenues for the artificial intelligence (AI) market increased 20.7 percent to $383.3 billion in 2021, according to IDC. IDC expects the AI market value...
conversational AI

Conversational AI to cut contact center agent labor costs by $80 bn: Gartner

Investment in conversational artificial intelligence (AI) deployments within contact centers will reduce agent labor costs by $80 billion by 2026, according to Gartner report. Worldwide...
Baidu Superconducting Quantum Computer

Baidu reveals its first quantum computer

Search engine giant Baidu has revealed its first quantum computer and is ready to make it available to external users. Baidu’s quantum computer, dubbed Qianshi,...
Hyundai and car technology

Hyundai to spend $424 mn for AI center for robotics

Hyundai Motor will spend $424 million to build an artificial intelligence (AI) research center in the US to bolster its robotics technology. Hyundai Motor, Kia...
Chatbots in retail

Chatbots will become a primary customer service channel: Gartner

Chatbots will become the primary customer service channel for roughly a quarter of organizations by 2027, according to a Gartner report. “Chatbots and virtual customer...

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