Issue 431 · Aug 31, 2023 Weekly edition · 4 min read

🛠️AI: Your Business Ally

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AI may be divisive, but its business impact, including on SMEs, is undeniable.

August 31, 2023

In this issue of FinTech Weekly, we aim to analyze a critical relationship—the one between AI and businesses. In fact, it's the willingness of entrepreneurs to embrace artificial intelligence that has propelled this disruptive technology forward, despite regulatory challenges, concerns, and calls for a temporary halt in its development. One aspect that should be closely considered is AI's democratic nature: financial resources don't dictate its accessibility. As correctly pointed out in one of the fintech-related articles we'll showcase, “We know, that while business owners are idea rich, they often find themselves time, resource and specialised expertise poor”. Can concerns truly outweigh all this? If our guiding theme for this issue is the use of AI to drive business growth, discover what we actually mean by delving into the stories we've curated. Follow FinTech Weekly to stay ahead of the competition and catch up on the top fintech news and events!

OpenAI launches ChatGPT Enterprise, the company’s biggest announcement since ChatGPT’s debut

— via CNBC

OpenAI takes a leap with the debut of ChatGPT Enterprise, a business-tier AI chatbot. Armed with GPT-4 and no usage caps, it's tested and trusted by companies like Block and Canva.

Promote your Job at FintechWeekly

— via Fintech Weekly

Unlock access to a community of top-tier fintech professionals by posting your job listings on FintechWeekly. Starting from just €299, you can amplify your recruitment reach and find the perfect match for your team. Post your job today and attract the talent you need to elevate your business.

CDAO Fall October

— via Corinium Global Intelligence

Join your data & analytics peers from leading brands across North America as you discover the latest trends and challenges facing your role.

A look at the growing use of generative artificial intelligence and chatbots in consumer financial services

— via Ballard Spahr

Special guests Ron Shevlin and Reggie Young delve into generative AI and chatbots. They explore the revolutionary tools banks and fintechs can deploy, while also highlighting potential legal pitfalls.

Bitcoin’s Dirty History Offers a Lesson for AI’s Future

— via The Washington Post

As AI's popularity surges, so does its appetite for energy—potentially rivaling Bitcoin. However, Bitcoin's journey offers a blueprint for mitigating this environmental impact.

The A.I. Revolution Is Coming. But Not as Fast as Some People Think.

— via The New York Times

Lori Beer, CIO of JPMorgan Chase, is enthusiastic about AI's transformative potential. Yet, she cautions that AI's full integration into banking is not imminent.

Naver Corp generative AI chatbot targets users in South Korea

— via CoinGeek

Naver Corp launches an AI chatbot tailored for Korean users. The chatbot promises a wide range of functionalities and aims to attract users with its proficiency in Korean language and culture.

ChatSME: Retail Capital brings generative AI to the SME market

— via Bizcommunity

Retail Capital's ChatSME brings generative AI to the SME sector in South Africa. Unlike other platforms, it's secure and tailored specifically for local businesses.

NVIDIA Unveils AI-Ready Servers to Accelerate Enterprise Generative AI Applications

— via InfotechLead

NVIDIA collaborates with system manufacturers to introduce AI-ready servers. These are engineered to accelerate enterprise generative AI applications, featuring state-of-the-art NVIDIA components.

Trustly acquires SlimPay

— via Finextra

In a €70 million acquisition, Trustly takes over SlimPay, bolstering its pan-European recurring payment services and strengthening its Direct Debit offerings.

Jobs

Product Manager, Crypto Expansion

— via Robinhood

As a Product Manager at Robinhood, you’ll be responsible for leading teams to develop products that improve the everyday lives of our customers. You’ll work with experts in data, design, engineering, marketing, operations and research to bring ideas to life that will help us democratize the financial system for all.

Product Designer

— via Venmo

As a Product Designer within the Venmo team, you will help to create meaningful and cohesive end-to-end experiences for Venmo.

Junior Strategy Consultant

— via Accenture DACH

As a junior consultant in our strategy consultancy, you will work in cross-departmental teams across all hierarchical levels on business solutions to increase the efficiency of business processes for our national and international customers - always at the interface between business and technology.

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