February 18, 2025

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Artificial Intelligence Transforms Industries with Latest Developments

The world of artificial intelligence is rapidly evolving, with various industries embracing its potential to transform their operations and services. In this news brief, we'll explore the latest developments in AI, from its application in traffic management to its impact on the banking sector.

AI-Powered Traffic Management

Artificial intelligence is making its way onto Florida's roads, with companies like NoTraffic using AI-powered traffic systems to monitor traffic conditions, identify hazards, and detect traffic congestion. The system uses sensors that combine video, radar, and AI to create a broad understanding of intersections, including vehicles and pedestrians. This technology has the potential to improve traffic safety while maintaining privacy.

Generative AI in Banking

The adoption of generative artificial intelligence in the banking sector is expected to experience exponential growth in 2025. According to the IBM Institute for Business Value 2025 Outlook for Banking and Financial Markets, 60% of surveyed CEOs believe that accepting a certain level of risk is necessary to leverage the benefits of automation and strengthen their market position. Generative AI will boost banks' financial performance in 2025 by improving operational efficiency and customer experience.

AI in Healthcare

Memorial Sloan Kettering Teams Up with AWS to Speed Up Drug Discovery. By teaming up with Amazon Web Services (AWS) to accelerate its oncology research with AI, the health system will be able to unlock insights that can enable better cancer treatments and more individualized care. AI can examine patient data to predict the likelihood of developing certain diseases and the associated trajectory of disease burden, allowing for early interventions and preventive measures.

AI in Real Estate

Insomniacs Launches AI-Powered Solution ACX Convo AI For Pre Sales. Insomniacs, an AI-driven real estate marketing and technology, has launched ACX Convo AI, the first of four groundbreaking AI-powered solutions. ACX Convo AI is designed to transform how real estate developers interact with potential buyers, eliminating inefficiencies and optimizing lead conversions to unprecedented levels.

AI in Therapy and Counseling

A Texas lawmaker has proposed a bill to regulate artificial intelligence in therapy and counseling. The legislation requires that people must know the services are AI-based and give consent. It also calls for people providing these services to be licensed professionals or a licensed professional must be available at all times.

AI-Powered SaaS Sales and Marketing

SmartBear Regional Sales Lead Joins Sales and Marketing Panel at SaaS.Connect Summit & Expo in India. Regional Sales Lead – India/South Asia at SmartBear, Jo Alapatt, will be speaking on the AI-Powered SaaS Sales and Marketing Panel at the SaaS.Connect Summit & Expo, taking place on February 22-23, 2025, in Coimbatore, India.

Key Takeaways

  • AI is being increasingly used in various industries, including traffic management, banking, healthcare, real estate, and therapy and counseling.
  • Generative AI is expected to boost banks' financial performance in 2025 by improving operational efficiency and customer experience.
  • AI can be used to unlock insights that can enable better cancer treatments and more individualized care in healthcare.
  • AI-powered solutions are being developed to transform how real estate developers interact with potential buyers.
  • A Texas lawmaker has proposed a bill to regulate artificial intelligence in therapy and counseling.
  • AI is being used to improve SaaS sales and marketing, with a focus on AI-powered sales acceleration, predictive lead scoring, and hyper-personalized marketing campaigns.

Sources

Artificial Intelligence AI-Powered Traffic Management Generative AI in Banking AI in Healthcare AI in Real Estate AI Regulation in Therapy and Counseling