Persistent Systems’ Post

Fintech Revolution: Cloud AI Market Set to Reach $45.3 Billion by 2032 Source: https://lnkd.in/g8RrD4NP The fintech landscape is undergoing a remarkable transformation, with a recent report from OpenPR forecasting that the cloud AI market within the fintech sector is projected to reach USD 45.3 billion by 2032. This explosive growth highlights the crucial role that artificial intelligence and cloud computing play in reshaping financial services. As fintech companies integrate AI-driven solutions to enhance customer experiences, streamline operations, and improve security, the demand for cloud-based AI technologies is surging. From predictive analytics to personalized banking services, the potential applications are vast and varied. As we look to the future, investing in cloud AI will be key for financial institutions aiming to innovate and stay ahead in a competitive market. 🌟 #Fintech #AI #CloudComputing #Innovation #BusinessGrowth

🌐 The Fintech Revolution: Cloud AI Set to Reach $45.3 Billion by 2032! 🌐 The fintech sector is on the brink of a transformative era, with projections estimating that the market for cloud AI will skyrocket to an impressive USD 45.3 billion by 2032. Source: https://lnkd.in/g8RrD4NP As highlighted in a recent article, the integration of artificial intelligence in financial services is revolutionizing how businesses operate and interact with customers. From enhancing risk management and fraud detection to personalizing customer experiences, cloud AI is becoming indispensable for fintech companies seeking to innovate and stay competitive. This growth is fueled by increasing investments in technology and a rising demand for efficient, data-driven solutions. As professionals in the financial and tech industries, it’s crucial for us to embrace these advancements and explore how cloud AI can enhance our services and drive growth. The future of finance is here, and it’s powered by AI! Let’s gear up for the changes ahead! 🚀💰 #Fintech #CloudAI #ArtificialIntelligence #Innovation #FutureOfFinance

The Risk and Reward of Emerging Tech and AI in Banking Learn from our Customer Success Leader in Generative AI, Cloud Services for Regulated Industry, Rajesh Mittal, how emerging technologies and AI are rapidly enhancing the banking industry, their potential benefits and risks, and how banks can prepare for the future using emerging technologies. Read the article here: https://lnkd.in/dzgBKeki #financialservices #AI #msftadvocate

The Risk and Reward of Emerging Tech and AI in Banking Learn from our Customer Success Leader in Generative AI, Cloud Services for Regulated Industry, Rajesh Mittal, how emerging technologies and AI are rapidly enhancing the banking industry, their potential benefits and risks, and how banks can prepare for the future using emerging technologies. Read the article here: https://lnkd.in/eUcTMr9Z #finacialservices #AI #msftadvocate

[📖 Read the report and watch the replays of the AI for Finance #Summit 2024 by Artefact] If you could not attend this international event last September, benefit in this #report of embedded videos and summaries of the main keynotes and discussion panels of world-class speakers. 👉 Download the complete Report of the #AIforFinance Summit by Artefact - Replays & syntheses of conferences with business & tech leaders: https://lnkd.in/gmdF7kNu 🎤 An exceptional lineup of brilliant minds!  - C-level leaders of banking and insurance companies, as well as Fintechs, like Societe Generale, BNP Paribas, Groupe Crédit Agricole, MAIF, SCOR, ODDO BHF, Indosuez Wealth Management, TotalEnergies Trading, and more… - Innovative technology #partners, such as Mistral AI, Giskard, Google Cloud, IBM, Dell Technologies, NVIDIA, Treasure Data, and Pasqal amongst others. This report is full of invaluable insights, strategic advice and use cases from visionary leaders to help you make decisions for a positive and efficient #transformation of your enterprise within the #financialservices area through the power of #data and #AI.

BharatPe's CTO Pankaj Goel shares insights on the AI Fintech Fusion Hackathon, a collaborative effort with Amazon Web Services (AWS) to drive innovation at the intersection of AI and fintech. The hackathon aimed to provide a platform for participants to ideate and develop AI-powered fintech solutions, leveraging BharatPe's expertise in integrating chatbots and personalized merchant communication using AI. Goel emphasized the company's commitment to enhancing merchant experience through cutting-edge technologies like AI and GenAI, highlighting the growing importance of this collaboration between BharatPe and AWS in fostering innovation in the fintech sector. Read in detail: https://lnkd.in/g9tXxGPK #AIFintech #FintechInnovation #BharatPe #AWS #GenAI #MerchantExperience #TechCollaboration #CIOLInterview #FintechTrends #FutureOfFinance

Sequoia Capital's "Cahn also perceives a gap between the revenue expectations implied by the #AI infrastructure build-out and actual revenue growth in the AI ecosystem". Right. There is currently a huge disconnect between revenue from free or $20/month AI use (ChatGPT, Claude.ai, etc.) and the #DataCenter investment #ROI required to supply it. AI is still learning, fine. But it will become indispensable, and when it does, prices will need to increase in a very significant way. https://lnkd.in/eQ7Z-c5n

No matter where you look, AI is the hottest topic. From consumer Apps, to companies launching AI Platforms, the announcements never stop. All of these need huge amounts of AI infrastructure, and the Hyper Scale Cloud providers know it. Amazon Web Services (AWS), Microsoft, and others have recently made huge billion dollar investments in ASEAN Data Centre in their attempts to compete in the AI arms race. Who benefits? Yes, the Cloud Providers will further increase their dominance, but the key benefit here is the reductions in the barriers to entry. Just two weeks ago at Echelon X (e27 (Optimatic) we saw dozens of AI themed Startups, all building the further of services and platforms. The transition to the Era of AI presents a large opportunity for those bold enough to build future ready AI services. But best of all… it means highly productive services for all 😁

Our Chief Technology Officer at PwC Middle East Ali Hosseini discussed the latest GenAI updates with CNN Business Arabic | الاقتصادية CNN and explained how one of the biggest changes that have occurred recently is the introduction of the “general purpose model” for artificial intelligence, which is a model that is pre-trained on a large set of data from specialised companies. View the full interview below. #AI #Tech #Innovation

Huge news! Our CTO, Ali Hosseini, highlights how AI and cloud tech are democratizing industries, empowering startups to scale efficiently. Read more below! #GenAI #TransformTogether"