PYMNTS-MonitorEdge-May-2024

This Week in AI: Zoom Avatars, Amazon Guides and Priceline Assistant Debut

AI Assistants, Amazon, Zoom, Priceline, This Week in AI

As artificial intelligence (AI) avatars transform remote collaboration and personalized shopping guides redefine eCommerce, data security and corporate espionage concerns intensify. Meanwhile, the Nobel Prize honors AI pioneers in protein science. This week in AI has been one of advancements across industries as varied as travel booking and groundbreaking chemistry research.

AI Avatars Join the Workforce

Zoom’s AI Companion 2.0 is poised to reshape remote work, offering features like meeting attendance, note-taking and follow-up emails without human input. The technology offers increased employee productivity and solutions for scheduling conflicts in global teams. At the same time, it also sparks debate about the future of workplace collaboration and data security.

As AI avatars become commonplace in business communication, companies must balance striving for efficiency gains and preserving meaningful human interaction. This innovation is expected to impact industries such as tech, consulting and finance, potentially redefining how teams operate across time zones.

AI Shopping Guides Give Amazon’s eCommerce an Edge

Amazon has introduced new AI-powered shopping guides, with an aim to simplify consumer product discovery and personalize recommendations. The eCommerce giant’s latest move could force competitors to accelerate their AI initiatives, potentially ushering in a new era of innovation.

While Amazon may gain a temporary first-mover advantage, industry experts told PYMNTS that most eCommerce platforms are rapidly rolling out AI features, and changing consumer habits like the rise of social commerce could challenge Amazon’s dominance.

AI Chatbots Become Accidental Corporate Spies

Workplace AI tools are inadvertently compromising company secrets as employees overshare sensitive information, with 38% admitting to feeding confidential data into chatbots without permission. The problem is particularly acute among younger workers, with nearly half of Generation Z engaging in this risky behavior.

As companies race to adopt AI, they’re unwittingly building digital Trojan horses, potentially exposing themselves to data breaches, privacy violations and competitive vulnerabilities. Industry experts said that without proper safeguards and clear policies, the convenience of AI could come at a steep price for businesses.

Priceline’s AI Voice Assistant Takes Flight

Priceline is shaking up the $766 billion travel industry with its new AI-powered voice assistant, Penny Voice.

The chatbot uses OpenAI’s GPT-4 technology and allows travelers to book trips through natural conversations. While the tool offers consumers hands-free searches and personalized recommendations, industry experts caution that the AI still struggles with complex itineraries and accent recognition. As online bookings soar toward 65% of travel revenue, Priceline’s innovation highlights the growing role of AI in simplifying travel planning, even as human advisors remain crucial for intricate arrangements.

Nobel Honors AI and Protein Design Pioneers

The 2024 Nobel Prize in Chemistry celebrated groundbreaking work in protein science, with David Baker of the University of Washington sharing the award with Google DeepMind’s Demis Hassabis and John Jumper.

Baker’s computational protein design and DeepMind’s AlphaFold2 AI system for predicting protein structures are revolutionizing fields from drug development to materials science. These innovations, described by the Nobel committee as conferring “the greatest benefit to humankind,” open up vast possibilities for creating novel proteins and understanding the building blocks of life, with applications already spanning from combating antibiotic resistance to developing enzymes that break down plastics.

PYMNTS-MonitorEdge-May-2024