PYMNTS-MonitorEdge-May-2024

Today in Data: AI, Metaverse in Play as Tech Packs a Punch in Payments

artificial intelligence

Today in data, Microsoft is limiting its use of facial-recognition software. Also, the Federal Trade Commission tells Congress that artificial intelligence shouldn’t be relied on for policy-related decisions and Lowe’s jumps into the metaverse with the launch of a home décor tool.

Today in DataData

82: Number of pages in Federal Trade Commission report that warns Congress against using artificial intelligence (AI) to combat online harm

$8.3T: Total projected addressable market for ad and eCommerce opportunities for the metaverse

$697B: Total projected home-related addressable market for ad and eCommerce opportunities in the metaverse

13: Number of emotions Google blocked from being read using facial recognition software

4: Number of emotions Google is considering allowing its AI software to read, including joy and sorrow

PYMNTS-MonitorEdge-May-2024