From PYMNTS: 2024-04-18 14:11:15

Big tech companies like Microsoft are racing to develop AI software powered by OpenAI’s technology. Google’s DeepMind arm is also working on AI “agents.” Small and mid-sized businesses are struggling to keep up with AI advancements, as mammoth tech firms invest billions into R&D. Generative AI technologies could improve productivity but also disrupt employment patterns. Private investment in AI saw a dramatic leap last year. Adoption costs are steep, but training systems is where the real expenses lie. Companies can adopt existing models available through open-source or APIs.



Read more at PYMNTS: Big Tech Taps AI Agents to Drive Revenue Growth