artificial intelligence

artificial intelligence
AI Explained: AI Agents Are Quietly Taking Over Everyday Tasks
October 14, 2024

Artificial intelligence agents are everywhere, quietly reshaping industries and automating tasks we didn’t think possible a few years ago. Unlike basic automation, these AI agents can handle complex jobs, think independently and learn from their environment. The result? Healthcare, finance and logistics businesses are seeing...

artificial intelligence
India Central Bank Head Warns of AI ‘Opacity’ in Finance
October 14, 2024

The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence (AI) and machine learning in the financial world can trigger stability risks, requiring proper risk...

artificial intelligence
AMD Challenges Nvidia With New AI Chip
October 11, 2024

Advanced Micro Devices (AMD) on Thursday (Oct. 10) unveiled a new artificial intelligence (AI) chip aimed at breaking Nvidia’s stronghold on the lucrative data center GPU market. The launch of AMD’s Instinct MI325X accelerator marks an escalation in the AI hardware arms race, with implications...

artificial intelligence
AI in Pharma Shows Promise With Faster Development, Lower Costs
October 11, 2024

Artificial intelligence (AI) is transforming pharmaceutical research, compressing timelines and potentially slashing drug prices in an industry defined by decade-long development cycles and billion-dollar price tags. This technological upheaval is exemplified by projects like the AI-driven RNA Foundry (AIRFoundry), part of a $75 million investment...

artificial intelligence
Federal Agencies Aim to Combat Algorithmic Bias in AI
October 11, 2024

Auditing has a role in preventing, investigating, monitoring and remedying algorithmic bias in artificial intelligence (AI), technologists and researchers from federal agency civil rights offices said during a meeting held Wednesday (Oct. 9). The meeting was convened by the Justice Department’s Civil Rights Division to promote the...

artificial intelligence
This Week in AI: Zoom Avatars, Amazon Guides and Priceline Assistant Debut
October 11, 2024

As artificial intelligence (AI) avatars transform remote collaboration and personalized shopping guides redefine eCommerce, data security and corporate espionage concerns intensify. Meanwhile, the Nobel Prize honors AI pioneers in protein science. This week in AI has been one of advancements across industries as varied as...

artificial intelligence
AI Becomes CFO Consigliere as Focus Turns to Cash Flow Forecasting
October 11, 2024

For CFOs, generative artificial intelligence (AI) has made the leap from mere curiosity to an offering that can be applied to change the very nature of decision-making surrounding enterprise payments. In an episode of PYMNTS TV, and as part of the monthlong PYMNTS B2B Outlook...

artificial intelligence
Too Many Business Meetings? Zoom’s AI Assistant Will Go for You
October 10, 2024

Artificial intelligence (AI) assistants are gate-crashing boardrooms and Zoom calls, offering to streamline corporate America while threatening to short-circuit human collaboration in the workplace. Zoom’s new AI assistant exemplifies a wave of AI tools poised to transform business operations, potentially redefining how companies communicate, collaborate,...

artificial intelligence
AI Firms Raise Total of $12 Billion in Third Quarter
October 10, 2024

Venture capital continues to pour into artificial intelligence startups, with the sector raising a record $53 billion year-to-date despite market volatility. In a testament to AI’s growing influence, legal tech startup EvenUp has joined the unicorn club with a $135 million Series D round, while...