Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. In a speech Tuesday (July 18), Barr — the Federal Reserve’s Vice Chair for Supervision — said that while artificial intelligence (AI) has the potential to expand credit to people...
Qualcomm Technologies is collaborating with Meta to make available Llama 2-based artificial intelligence (AI) implementations on smartphones and PCs. The implementations are expected to be launched in 2024 and will enable developers to use the AI capabilities of Qualcomm’s Snapdragon platforms for applications and move them on-device,...
Countless terabytes of data collected daily are continually streamlining and simplifying today’s business landscape. We are truly living within the information economy. And the unsung hero behind the multitude of organizations tapping the data-rich contemporary ecosystem for competitive insights and more are their back-end compliance teams dedicated...
Microsoft’s CEO is defending the company’s decision to charge $30 per month for AI features. The company has added generative artificial intelligence (AI) to the business-grade versions of its Microsoft 365 service, a move that adds 58% to 83% more per month in cost for users, as the...
Days after reports of its planned commercial AI product, Meta has made it official. The tech giant announced Tuesday (July 21) that it was releasing a commercial version of its open-source artificial intelligence (AI) model Llama 2 in partnership with Microsoft. “We believe an open approach is the right one...
Paddle says it wants to help up-and-coming artificial intelligence (AI) firms make their mark. The British Software-as-a-Service (SaaS) payments infrastructure platform announced Tuesday (July 18) the debut of AI Launchpad, a six-week program designed to help software founders create, launch and scale AI-powered businesses. The program, financed by...
The Securities and Exchange Commission (SEC) will be using current authorities to regulate the use of new artificial intelligence (AI) tools. SEC Chair Gary Gensler said that while outlining challenges that may be presented by the technology during a Monday (July 17) speech to the...
Unless you’ve been living under a rock, or haven’t been reading your PYMNTS newsletter, you’ve probably noticed that there’s been a massive shift in the way brands and retailers approach customer service and engagement. One key factor contributing to this shift is the adoption of generative...
Artificial intelligence (AI) startup Character.AI is pursuing another funding round. That’s according to a report Saturday (July 15) by The Information, which cited a source with direct knowledge of Character.AI’s plans. The company announced earlier this year it had raised $150 million at a $1 billion valuation....
