This week in artificial intelligence, airlines are aggressively turning to AI this summer to enhance their reservation systems and increase profits, with Israeli startup Fetcherr leading the way with dynamic pricing. Meanwhile, Google's AI-powered search synopsis aims to transform online information access, raising concerns from publishers about lost traffic and advertising revenue.
AI brings wings to airline pricing
Airlines using This summer, AI will greatly enhance your reservation system and rake in cash.Israeli startup fetcher It is equipping airlines with AI tools aimed at cracking the code of dynamic pricing.
Fetcherr's platform uses reinforcement learning models to simulate pricing scenarios, helping airlines focus on the most profitable strategies in real-time. Its AI models and high-frequency pricing system have attracted the attention of major companies such as: Virgin Atlantic Airways, Azure Brazilian Airlinesand royal air maroc.
“Just as reinforcement learning is an area of machine learning in which agents optimize their behavior through interaction with a dynamic environment based on feedback of rewards and penalties, Fetcherr uses models. Continuously improve and optimize airline revenue management strategiesThe rewards that are optimized are revenue-based KPIs determined by the airline,” said Fetcherr CEO. Roy Cohen explained to PYMNTS.
Google's AI summary: Efficiency for users, concern for publishers
GooglePowered by new AI Search summary We're changing the way people access information online. Still, the move has publishers concerned about the potential loss of website traffic and advertising revenue.
The feature is expected to reach more than 1 billion users by the end of the year and generates topic summaries for complex queries, eliminating the need for users to click to visit other websites. sex may decrease. This change could impact content creators who rely on website traffic for a living.
Google will prioritize traditional website links and ads for simple searches, while integrating Assistant-like planning features for more complex tasks, like creating a meal plan using recipes from around the web. It's planned. As tech giants move forward, With AI-powered search enhancements, online publishers must address the potential impact of this new era in information access.
Technology companies benefit from surge in demand
The AI boom is definitely making waves in the world. technology Industry and companies are enthusiastic Take advantage of the growing demand for AI solutions. First quarter results from various companies in this space prove the growing importance of technology.
sound houndFor example, the company, which specializes in voice-based AI, reported a 73% increase in first-quarter revenue to $11.6 million. CEO Keevan Mohajar We attribute this growth to the growing popularity of voice AI in customer service.
“Voice AI is rapidly becoming an essential tool for customer service, and that is reflected in demand.” We are watching It’s for subscription,” he said.
The company's subscription and reservation balances also increased 80% year over year, totaling $682 million.
Google's Veo takes on challenges in the AI video arena
During the move set Google announces to shake up AI-generated video market veoA model designed to confront. OpenAI's sky.
Veo can produce 1080-pixel video content across a variety of visual and cinematic styles, from panoramas to time-lapses. It also has an interface that allows you to edit and adjust previously generated footage.
as The battle for AI video supremacy intensifieswhose impact extends beyond content creation. The democratization of high-quality video generation has the potential to disrupt entire industries, from marketing and advertising to entertainment and education.
However, the rise of AI-generated videos has raised concerns about potential abuses, including the proliferation of deepfakes and the spread of misinformation. Experts say safeguards and ethical guidelines are needed to ensure the integrity of the digital environment.
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