NEW YORK–Just how potentially transformative the new AI-backed technology such as ChatAI might be for credit unions and the broader economy remains the subject of fascination and debate within credit unions, but in the near term its potential applications are less revolutionary and more prosaic, a new review reveals.
Microsoft and Google, for example, have begun adding AI into the daily tools they offer as software developers weave the new tech into their products and solutions.
“As we look ahead, we believe this next generation of AI will unlock a new wave of productivity growth (and) remove the drudgery from our daily tasks and jobs,” Microsoft CEO Satya Nadella said recently in announcing new features.
Microsoft, which has invested $13 billion in a partnership with OpenAI and which recently integrated the solution into its Bing search engine, is inserting the AI into its basic products such as Word, Excel and Outlook.
“Microsoft focused on integrating AI assistants, which it calls Copilots, into software,” the New York Times reported. “It is drawing on data that business customers have already stored in the company’s systems — chats in its collaboration tool Teams, documents stored in its cloud and emails on its servers.
Another New Feature
“With Business Chat, a new feature for working across the tools, someone can ask for a customer update and it will scan recent emails, meeting notes and other information to generate a response,” the Times added.
According to the Times’ reporting, the products are being tested by 20 business customers, and pricing and licensing details will be released in the coming weeks, said Jared Spataro, a Microsoft executive.
Google, meanwhile, said its new chatbot, Bard, will be released in the “coming weeks” as an experimental demonstration, the Times added.
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