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Chatbots News Friday, June 15

Create a Bot For Your Business: 7 Reasons To Use AI Chatbot

  • Companies that create a bot for their website usually have only positive things to say about their experience with this new AI machine learning tool.
  • The most obvious reason to create a chatbot for website use is their ability to perform customer support.
  • Businesses that create a bot for their websites usually do so with customer support in mind.
  • Studies have shown that 35% of customers expect chatbots to be present on the website in order to communicate with them.
  • Chatbots are capable of constant data collection and analysis which gives them an edge over their human customer support counterparts.

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Create a Bot For Your Business: 7 Reasons To Use AI Chatbot

Banks’ Blockchain Budgets Spiked 67% in 2017, Survey Finds – CoinDesk

  • The global financial services industry spent a combined $1.7 billion on blockchain development in 2017, with institutions having increased their individual budgets for the technology by 67 percent in the same year.
  • According to research published by U.S.-based market intelligence firm Greenwich Associates on Tuesday, amid the general increase, 10 percent of the surveyed banking institutions reported that their budgets for areas such as blockchain research and product development had grown to $10 million or more in 2017.
  • The study, which earlier this year interviewed around 200 global institutions that have participated in blockchain development, said the number of staff dedicated to blockchain also doubled during the same period.
  • The report signals the growing investments being made by financial institutions on blockchain technology over the past two years.
  • In a surveypublished in early 2016, the firm estimated that total spending by financial and technology firms on blockchain in 2016 could reach $1 billion.

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Banks’ Blockchain Budgets Spiked 67% in 2017, Survey Finds – CoinDesk

Artists as cryptofinanciers: welcome to the blockchain

  • Art Basels Conversations programme includes Blockchain and the Art World, a group discussion on 14 June that features the leading digital artist Simon Denny, among others.
  • Blockchain has arisen as art has become a certain kind of asset class – – – – – Ben Vickers, the chief technology officer at the Serpentine Galleries in London, has noted a curious development as artists have engaged more deeply with blockchain.
  • A networked digital ledger such as a blockchain could help to keep track of a work of arts movements without relying on a paper-basedand at times insecuresystem of recording provenance.
  • The work has this idea of a kind of evolutionary capital built into it, in a way that I think is a really useful way to think about one form of blockchain art, Catlow says.
  • The work is both an exploration of the language and mechanisms of blockchain and a new form of connection between visual artist and audience, enabling people to benefit from his practice over time as a result of participation, Vickers says.

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Artists as cryptofinanciers: welcome to the blockchain