In the often-infuriating experiences infamously delivered by customer service chatbots and voice prompts, digital-savvy consumers know there has to be a better way of operating. Still, human call center agents are in short supply lately, and they need to eat and sleep and take a...
Banks in the U.K. have been warned by financial regulators not to use artificial intelligence systems to approve loan applications unless they can prove that their algorithm isn’t biased against minorities, according to the Financial Times. For the time being, the warning doesn´t come in...
The U.K. government has launched a new AI Standard Hub as part of its National AI Strategy that will aim to increase the U.K. contribution to development of global AI technical standards. The new AI Standard Hub will create practical tools for businesses to develop...
On January 13, the Artificial Intelligence in a Digital Age (AIDA) committee at the European Parliament proposed a possible road map for Europe to reap the benefits of artificial intelligence, urging member states and the European Commission to consider it. AIDA is a special committee...
Noting the potential benefits of artificial intelligence (AI), the U.S. Chamber of Commerce has launched an advisory panel, the trade group announced Tuesday (Jan. 18). Dubbed the Artificial Intelligence (AI) Commission on Competition, Inclusion, and Innovation, the 11-member team was created to advance U.S. leadership in...
Israel-based frictionless checkout company Trigo and retailer-owned cooperative Wakefern Food Corp. on Thursday (Jan. 13) announced a partnership for an autonomous supermarket pilot that uses Trigo’s artificial intelligence technology, according to a press release. Wakefern, which is the logistics, distribution and merchandising arm for ShopRite...
MOSTLY AI has raised $25 million funding to advance its artificial intelligence (AI) synthetic data platform, the company announced on Tuesday (Jan. 11). The Series B financing round was led by Molten Ventures with contributions from existing investors Earlybird and 42CAP, and new investor Citi...
Artificial intelligence (AI) won’t be easy to regulate and there will be a trial-and-error phase in most countries that attempt it. Still, some regulatory proposals with basic principles can be achieved in 2022 in the U.S. and Europe. Drexel University Chief Information Security Officer Pablo...
Acquiring banks that use artificial intelligence (AI) to monitor merchants on their platforms say the technology has yielded many significant benefits that help boost their businesses’ bottom lines. A new report, AI In Focus: Gaining Ground On Merchant Monitoring, a PYMNTS and Brighterion collaboration that...
