Welcome to the AviaryAI Newsletter!

Thanks for joining us as we explore the intersection of GenAI and finance with practical learnings and the latest relevant insights. Let’s get started.

This week you’ll learn:

• 🔄 10 new Microsoft AI agents to automate your daily tasks
• 🍎 How OpenAI is preparing teachers for an AI-powered future
• 💪 AWS doubles down on AI with massive Anthropic investment
• ⏰ Why your AI assistant might be living in the past
• 🔐 The rising tide of AI fraud in financial services

Subscribe to the AviaryAI Newsletter here.

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GENERATIVE AI THIS WEEK 
The coolest things we're watching and why you should care
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Microsoft Releases New Pre-Built AI Agents 
Microsoft is launching 10 new autonomous agents within their Dynamics 365 platform, aimed at streamlining processes across sales, finance, and supply chains. These agents, including a Sales Order Agent and a Financial Reconciliation Agent, promise to free up employee time by handling repetitive tasks, allowing teams to focus on strategic initiatives.

So What?
As AI tools become more integrated into business processes, the need for talent that can manage and optimize these systems grows critical. Organizations must invest in skilled personnel who understand how to leverage AI effectively.

Read the full story here

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AWS Invests Additional $4 Billion into Anthropic

Amazon Web Services (AWS) is doubling down on its partnership with Anthropic, committing a total of $8 billion to advance AI development. With this investment, AWS becomes the primary cloud and training partner, working closely with Anthropic on optimizing Trainium hardware and software. This synergy aims to maximize computational efficiency and empower next-gen AI research, with Claude models serving as core infrastructure across diverse sectors.

So what?

This massive investment reflects a growing trend toward AI that is not just powerful, but also deeply integrated and customized across industries. Such advancements have the potential to democratize AI technology, making it accessible and adaptable for organizations of all sizes. Beyond efficiency, this paves the way for new innovations in personalized services, data security, and regulatory compliance.

Read the full story here

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AI in the Classroom: OpenAI's Free Course for Teachers
In a bid to revolutionize education, OpenAI offers a free training program aimed at teachers. It covers AI basics and prompt engineering, helping educators use ChatGPT as a learning tool. This initiative, in partnership with Common Sense Media, seeks to responsibly integrate AI into classrooms and empower educators.

So What?
This initiative highlights a crucial development: AI's role in reshaping foundational skills. As AI literacy becomes essential, institutions across industries must adapt by prioritizing AI education for all levels. This isn't just about teaching educators—it's about preparing every industry for an AI-infused future.

Read the full story here

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GENERATIVE AI WORD OF THE DAY

Knowledge Cutoff 

A knowledge cutoff represents the last date up to which the model was trained on information from the real world. Think of it as a chronological limit on the model's knowledge base. For instance, if a model has a knowledge cutoff of January 2022, it won't have any awareness of events, developments, or information that emerged after that date. This limitation is crucial to understand when interacting with AI systems, as it directly impacts their ability to discuss or analyze contemporary events.

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GENERATIVE AI IN FINANCE

The latest news at the intersection of GenAI and Finance

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Combatting AI Document Fraud

AI is dramatically transforming the landscape of financial fraud, with digital documents and deepfakes at the forefront. According to a report from the Entrust Cybersecurity Institute, there has been a staggering 1,600% increase in digital document forgery since 2021, surpassing physical counterfeits for the first time.

This shift is reshaping how fraud is perpetrated, with digital forgeries making up 57% of all document fraud cases in 2024. The financial services sector, particularly cryptocurrency platforms, is facing heightened risk, experiencing the highest rates of fraudulent activity. As these AI-driven techniques become increasingly sophisticated, the financial industry must adapt to this new era of crime to protect their assets and operations.

So what?

The surge in AI-driven fraud emphasizes the critical need for financial organizations to strengthen their cybersecurity defenses. It’s not just about upgrading technology; it involves cultivating a culture of cybersecurity awareness and resilience across all levels of an organization.

Credit unions must acknowledge that traditional security measures are no longer sufficient in combating these complex threats. By investing in employee training and up-to-date detection technologies, institutions can better safeguard their data and maintain trust with their members. Understanding this new threat landscape is essential to prepare for and respond to the evolving tactics that fraudsters use.

Read the full story here

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About AviaryAI

AviaryAI is the next evolution of financial interaction. Enhance your team with proactive outbound voice agents to welcome new members, encourage credit card activations, and drive non-interest revenue.

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