Intuit is launching an AI assistant called Intuit Assist across its software, including QuickBooks. It aims to improve workflow efficiency, with claims of 45% faster invoice generation. The AI features target specific workflow bottlenecks rather than being broadly implemented.
Ant International has created an AI model for hourly currency exchange rate predictions, aiming to reduce cross-border payment costs for businesses. This technology is part of Ant's Alipay+ network, which supports over 30 global e-wallets and banking apps, connecting 88 million+ merchants worldwide. Alipay+ has also expanded its partnership with PayPay in Japan.
AI agents may benefit retail crypto traders by monitoring markets continuously and avoiding human biases. However, trading remains zero-sum and AI can't change market fundamentals. Investors shouldn't increase budgets solely due to AI. A Web3 VC predicts significant growth in crypto gaming and AI markets, estimating 10% gaming penetration by end of 2026.
A recent report shows that over 60% of Gen Z and millennial adults use AI for personal finance tasks, with most using it weekly. Common uses include budgeting, investment planning, and improving credit scores. While AI can be helpful for simple tasks, experts advise caution for complex financial decisions, recommending verification from reputable sources and professional advice where needed.
A New York AI company has secured £4 million in Series A funding to develop loan origination software for mid-tier US banks and credit unions. This investment is part of a growing market projected to reach £12.2 billion by 2032.
ChatGPT can assist with holiday travel savings in four ways: 1) Estimating trip costs to identify areas for reduction. 2) Comparing accommodations and recommending affordable options. 3) Suggesting efficient packing to avoid baggage fees. 4) Optimising travel rewards and credit card points for potential savings.
