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Finance

BoA CEO says accuracy tops cost in finance AI

Bank of America CEO Brian Moynihan said accuracy is the top priority for artificial intelligence strategies in banking, rather than efficiency or cost cutting. He said mistakes in customer-facing answers can directly affect trust, leaving little room for error and requiring extensive system building and validation. The bank has invested about $250 million in new AI deployments this year and runs AI assistant Erica, used by millions of customers and employees.

AI & Enterprise

Adobe launches Acrobat Studio in South Korea, integrating Acrobat, Express and AI agent

Adobe said on Thursday it will officially launch Acrobat Studio in South Korea, integrating Adobe Acrobat, Adobe Express and an AI agent. The company said Acrobat Studio turns PDFs into interactive knowledge hubs, allowing users to get and share insights, answers and recommendations through customizable AI assistants. It also lets users more easily turn that information into content using Adobe Express tools, templates and Adobe Firefly-based image and video generation features.

AI & Enterprise

Claude ranks second in South Korea\'s generative AI app revenue - Sensor Tower

Anthropic’s AI assistant Claude has risen to second place in South Korea’s generative AI app market, overtaking Google’s Gemini, according to Sensor Tower. Through early June, Claude ranked second by revenue among iOS generative AI apps in South Korea and first in revenue growth. It hit a record daily revenue of about $104,000 on May 5. Sensor Tower said the increase may have come from existing users converting to paid subscriptions or upgrading plans.