Duet AI by Google + Aloud AI by Youtube

Google’s anti-money laundering AI tool

Google has developed an AI-based service to combat money laundering, which has been tested by HSBC to identify suspicious financial transactions. Money laundering is a significant issue in the financial sector, often associated with criminal activities such as drug trafficking, human trafficking, and terrorist financing.

Traditional methods of monitoring rely on manual rules, leading to high alert rates but low accuracy. Google's AI tool offers a more efficient solution by analyzing billions of records to identify trends and signs of financial crime. Unlike manual rules, the AI tool minimizes false alerts and enables focus on genuinely suspicious activities, saving time and resources. It creates a consolidated risk score based on bank data, including patterns, network behavior, and customer information.

This approach allows the tool to adapt quickly and prioritize high-risk customers. In testing with HSBC, the AI tool demonstrated superior performance, detecting financial crime risk 2-4 times more accurately and reducing alert volumes by 60%. This has resulted in cost savings and faster detection processes, enhancing HSBC's anti-money laundering capabilities.

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New Google Spreadsheets AI

Google is rolling out an AI feature for Sheets that auto-builds custom templates based on a text prompt, but it’s only coming to Workspace Labs users to start

This feature utilizes generative AI to suggest and create table templates for various purposes such as product roadmaps, budgets, and events. Users can input prompts like agendas for events or rosters for businesses, and the AI will generate corresponding tables that can be customized as needed. This feature aims to assist in complex tracking and organizing tasks by providing suggestions that may uncover additional factors users hadn't considered.

Google is also in the process of implementing image generation with Imagen and other models in Google Slides, following the recent in-testing announcement. These additions join the existing "Help me write" feature available in Gmail and Google Docs, which is currently accessible only on the web and not on mobile devices.

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Aloud AI by Youtube

YouTube is incorporating the team from Aloud, an AI-powered dubbing service developed within Google's Area 120 incubator, to facilitate video dubbing in different languages. The tool transcribes the video, allowing users to review and edit the transcription, and then translates and produces the dub.

Currently, YouTube is testing the tool with several creators and supports a limited number of languages, including English, Spanish, and Portuguese, with plans to add more languages in the future. This tool is valuable for creators who want to add multi-language dubs to their videos. YouTube aims to improve the translated audio tracks by making them sound more like the creator's voice with enhanced expression and lip sync, with these features scheduled for release in 2024.

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In Other News

Robots learn to perform chores by watching YouTube

AWS launches $100M programs to fund generative AI initiatives

Executive AI Assistant (this is a repeat prompt)

Using this prompt to accomplish everything on your to-do list.

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How To Understand Your Audience for Marketing

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Mastering AI-Generated Content

Boost Engagement, Minimize Google Penalties

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