Basis has raised $34 million in a Series A round to expand its deployment of artificial intelligence (AI) agents designed to help accountants. “We’ve raised $34m to accelerate our goal of equipping every accountant with a team of AI agents,” the company said in a...
Meta rolled out AI translation to its Ray-Ban smart glasses while startup Own.App launched a decentralized social platform promising full content ownership and higher creator payouts, intensifying competition in the rapidly evolving social media industry. PYMNTS takes a look at what’s new. Magic Vision Aims...
An artificial intelligence (AI) chatbot that remembers what you asked it to do last month? That’s the promise behind ChatGPT’s latest upgrade, which could push the technology beyond quick answers into managing long-term business tasks. The update lets ChatGPT track vendor payments and purchase orders...
The British government is preparing to regulate the use of copyrighted material in training AI. The U.K. on Tuesday (Dec. 17) began a consultation designed to provide more clarity for creatives and tech companies on how intellectual property can be used to train artificial intelligence (AI) models....
A subtle but potentially significant shift is occurring in artificial intelligence (AI). Machines are advancing beyond processing commands to undertaking tasks with more autonomy. Google’s release of Gemini 2.0 may mark a turning point in this evolution, showcasing AI systems that can independently navigate complex...
Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16). The scale of capital invested in AI companies by U.S. venture investors is approaching that allocated to the rest of the venture...
Leading AI researchers caution that training systems on internet data may be hitting their limits, raising concerns about the future of data-driven business models across the digital economy. Warnings by former OpenAI chief scientist Ilya Sutskever about data training constraints, as reported by Reuters, have...
New research from Goldman Sachs shows muted artificial intelligence (AI) use at American companies. Just 6.1% of businesses are using AI to produce their products or services, according to research by the banking giant cited in a Seeking Alpha report Sunday (Dec. 15). That’s up...
Elon Musk is offering users of his social media platform free access to his artificial intelligence (AI) chatbot. “Over the past few weeks we have been quietly testing a new version of the Grok-2 model, which is three times faster and offers improved accuracy, instruction-following,...
