Incorporating AI in contract management can help you become your company's procurement superhero by leveraging AI to maximize revenue, cut costs, and save time.
Poor contract management can cost up to 9% of a company's yearly revenue, while 90% of business stakeholders consider contracts "hard or impossible" to understand.
Decentralized operations and inconsistent processes hamper countless procurement teams, making it difficult to locate necessary documents or clauses.
AI-powered contract management can search thousands of contacts in seconds, highlight opportunities to reduce spending, track key data, and help ease your compliance burden.
AI-powered contract management can help you save money, uncover contract optimization options, and identify potential risks and violations in advance.
AI-powered contract management also makes auditing simpler and allows you to protect your company from overextending and ensure it can meet deliverable requirements and adhere to budgets.
BloombergGPT is a 50 billion parameter language model designed for the financial domain, trained on a dataset of 363 billion tokens based on Bloomberg's extensive data sources.
The model outperforms existing models on financial tasks by significant margins without sacrificing performance on general LLM benchmarks.
The authors validate BloombergGPT on standard LLM benchmarks, open financial benchmarks, and a suite of internal benchmarks.
The authors explain their modeling choices, training process, and evaluation methodology.
The authors plan to release training logs (Chronicles) detailing their experience in training BloombergGPT.
Generative AI has disruptive applications in marketing departments.
The technology can create new content and personalize outreach at scale, streamlining the sales process and enhancing forecasting and decision-making.
It can revolutionize sales training and skill development by providing data-driven insights, personalized coaching materials, and realistic training simulations.
Sales teams must balance the use of AI with human intuition and ethical considerations, prioritizing genuine human connections.
Twitter has partnered with eToro to allow users to trade stocks, cryptocurrencies, and other assets on the social network’s platform.
This partnership is a move towards transforming Twitter into an all-in-one app like Tencent’s WeChat.
The transformation will allow for greater engagement by consumers and investors but raises potential red flags for some financial advisors, such as people making uninformed investing decisions based on tweets or other social media.
The goal of this partnership is to allow users to access real-time prices of assets including cryptocurrencies and stocks, and to facilitate trading those instruments via Twitter’s Cashtags feature.
Elon Musk's vision is to turn Twitter into a platform for securities trading and wants to create X, the everything app, and also to become the biggest financial institution in the world.
The remake of Twitter/X could help Musk to reach his goal of $250 billion valuation.
Twitter is valued internally at $20 billion, which is more than a 50% discount from the price Musk paid last year.
Mastercard drops NFT to launch Web3 music program in support of emerging musicians at NFT.NYC 2023.
The limited-edition Mastercard Music Pass NFT unlocks access to the Mastercard Artist Accelerator program, a Web3 platform that provides free educational materials, AI tools, and priceless experiences for music artists and fans.
The Mastercard Artist Accelerator aims to equip emerging artists with the necessary tools and capabilities to thrive in the tech-driven era.
Five up-and-coming artists will receive mentorship, content creation jumpstarts, tips, and tricks on using blockchain to monetize their work and build a community of fans in the Web3 environment.
Education is a critical component of the Mastercard Artist Accelerator and supports the creator economy's growth.
ToolBox
AutoGPT - You can now give a task and it can now autonomously plan, execute, browse the web, and revise strategies to complete tasks (link)
Tripnotes AI- This AI tool will create personalized itineraries to help travelers find the right places to go (link)
Quillbot - It helps you rewrite the text, edit, eliminate grammar errors, change the tone, and paraphrase content for free (link)
Rose AI - A tedious process of finding, visualizing, and transforming data is now as simple as a Google search (link)
Koe - AI-powered tool that can now transform voices in real-time with latency as low as 60ms on CPU (link)
Keepertax - Ask an AI Accountant your US tax questions (link)
By 2025 Autonomous AI Agents will be in every aspect of life (link)
Instead of relying on the “willpower” of your future self, rely on identity mechanics (link)
12 corporate logos with a hidden message (link)
How to use ChatGPT to help you niche down (link)
Sketch out your flywheel, and go get it. (link)