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Bank of America is increasing its focus on artificial intelligence (AI) to enhance customer service and operational efficiency. Other major banks like BNY Mellon, Goldman Sachs, and Wells Fargo are also investing in AI technologies, recognizing the potential for improved decision-making and streamlined processes in the financial sector. This trend reflects a broader shift in the industry towards leveraging advanced technologies to gain competitive advantages.
Klarna and Duolingo are facing backlash from their "AI-first" approaches, with Klarna reversing its strategy by hiring back employees to enhance customer service. Meanwhile, Duolingo is experiencing significant criticism on social media for its decision to limit human involvement in favor of AI, despite reassurances that AI will only assist its learning experts.