Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast: #Stocks discussed: (NYSE: $HRB) (NasdaqGS: $MSFT) (NYSE: $IBM) (NasdaqGS: $ADBE)

Tuesday, June 20, 2023

#AIEye #Podcast: #Stocks discussed: (NYSE: $HRB) (NasdaqGS: $MSFT) (NYSE: $IBM) (NasdaqGS: $ADBE)

#AIEye #Podcast: #Stocks discussed: (NYSE: $HRB) (NasdaqGS: $MSFT) (NYSE: $IBM) (NasdaqGS: $ADBE)

H&R Block Leveraging AI from Microsoft, and IBM Expanding Partnership with Adobe for Generative AI

Global #AI #TextGenerator Market to Reach $2.2B by 2032

Vancouver, Kelowna, Delta, BC – June 20, 2023 – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye- watching stock news, deal tracker and advancements in artificial intelligence

Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2023/062023-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/06201HBR-MSFT-IBM-ADBE.asp

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:HRB) (NasdaqGS:MSFT) (NYSE:IBM) (NasdaqGS:ADBE)

H&R Block (NYSE:HRB) is partnering with Microsoft (NasdaqGS:MSFT) to leverage the latter’s Azure OpenAI services as well as its generative AI technology “to build faster and more consultative tax experiences, unleashing higher levels of innovation to inspire even more confidence in Block customers at tax time.” Alan Lowden, H&R Block’s Chief Information Officer, said:

“Every year, millions of Americans turn to H&R Block for the unique expertise, help, and financial confidence that only we provide. Now we are coupling our unmatched tax expertise with groundbreaking technology from OpenAI and Microsoft to drive even better customer experiences.”

Lowden went on to say:

“Keeping customer information secure is a top priority for H&R Block, which is why the investments Microsoft has made in developing AI responsibly, are so important. Microsoft is the right partner for us and for our customers.”

IBM (NYSE:IBM) has announced plans to expand its partnership with Adobe (NasdaqGS:ADBE) so as to help brands successfully accelerate their content supply chains through the implementation of next-generation AI. This will involve the leveraging of Adobe's family of creative generative AI models, including Adobe Sensei GenAI services and Adobe Firefly (currently in beta). Matt Candy, global managing partner, IBM iX Customer & Experience Transformation, IBM Consulting, explained:

"We're seeing incredible momentum in AI adoption as more brands turn to generative AI to create seamless and highly personalized customer experiences to drive growth and improve productivity. By expanding our strategic partnership with Adobe, we can help marketers more effectively design AI-powered experiences while establishing appropriate guardrails, so the AI is built on trust and transparency principles to promote brand consistency and integrity."

Global AI Text Generator Market to Reach $2.2B by 2032

A report published by Allied Market Research finds that the global market for AI Text Generation is projected to grow from $423.8 million in 2022 to $2.2 billion by 2032, registering a compound annual growth rate (CAGR) of 18.2 percent in the forecast period 2023-32. The following excerpt from the report overview outlines some of the key factors influencing the market’s growth:

Growing trend of Natural Language Processing (NLP) technology and rising demand for cost-effective and quality content generator tools propel the growth of the global AI text generator market. In addition, increasing demand for personal assistants and chatbots fuels the growth of the Artificial Intelligence text generator market. However, ethical and legal concerns and data privacy and security issues are expected to impede the AI text generator market growth. Furthermore, data privacy and security issues are expected to provide lucrative opportunities for the market during the forecast period.

Sam Mowers, Investorideas.com

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Podcast sponsor:

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

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