Commerce pulse Q1: What PayPal, Block and Shopify are saying
Here's a look at what PayPal, Block and Square are saying about the economy, generative AI and their product plans.
The Chief Technology Officer (CTO) brings technical and business acumen to organization to align technology-related decisions with the company's future. Most times they are responsible for recommending a company's overall technology direction.
On the technical front, the CTO is responsible for setting the technology innovation trends and determining how this is applied to the business. They are also responsible for being a liaison and a two-way link between research, innovation teams, and development teams. On the business front, the CTO is responsible for applying technology macro trends to meet regulatory requirements, achieve operational efficiency, create new innovation models, and identify the new risks that are created by adding these new technologies to the mix. They also make recommendations to the C-suite, CIO in particular, on where in IT enterprises should invest in the future..
The CTO is responsible for spearheading and evangelizing the company's technology strategy to C-suite, employees, board, partners, and investors.
Here's a look at what PayPal, Block and Square are saying about the economy, generative AI and their product plans.
"AI is having a very busy year," quipped Alphabet CEO Sundar Pichai.
Google Cloud is launching Duet AI, which takes Google's foundational generative AI models to make building and deploying cloud applications easier. Developers can also optimize code with Generative AI Support in Vertex AI with new foundation models.
IBM said it is looking to provide a full enterprise stack to train, tune and deploy AI models.
Business process automation is about to enter the best of breed vs. suite and platform always wins debate.
Starbucks CEO Laxman Narasimhan said the company is just starting to see the payoff from its digital transformation efforts and has a long runway ahead. "We can enhance our tech stack both to lower costs and reinvest it back into the tech stack to support the large digital push we are making," he said.
Generative artificial intelligence (AI) is best known for providing answers quickly and creating AI art on the fly, but business use cases abound. Here's a primer on generative AI and its application. Generative AI has reached a tipping point as technologies such as OpenAI's ChatGPT and DALL-E have become popular.
"We are still in the early stages of using large data models to power improved user experiences and efficiencies across our platform, with much more to come," says Uber CEO Dara Khosrowshahi.
"Generative AI has the potential to impact an entirely new class of knowledge workers unleashing a new wave of reskilling and upskilling imperatives," said Coursera CEO Jeff Maggioncalda.