Cloud banking company nCino has unveiled an artificial intelligence (AI)-powered solution dubbed Banking Advisor. The new offering, announced Monday (June 17), is a “banker-focused, conversational copilot tool” that provides portfolio management while streamlining tasks and helping banks track and comply with regulatory requirements. “As financial...
In the ever-evolving landscape of artificial intelligence (AI), a transformative force is at play in the realm of large language models (LLMs): the token. These seemingly unassuming units of text are the catalysts that empower LLMs to process and generate human language with fluency and...
After two years of testing, McDonald’s has ended its partnership with IBM to develop an artificial intelligence (AI)-powered drive-thru system. The collaboration, which aimed to change the fast-food ordering process by replacing human workers with voice-activated chatbots, had been a closely watched experiment in the...
Amazon and Microsoft are reportedly investing billions in India’s artificial intelligence (AI) efforts. As the Financial Times (FT) reported Monday (June 17), India is offering incentives for tech companies to build there, hoping the country’s burgeoning technology market and massive pool of skilled workers will make it a major AI...
The race to develop advanced artificial intelligence (AI) agents — autonomous AI systems designed to perform complex tasks and interact with the digital world on behalf of users — is heating up. For example, San Francisco-based Zeta Labs raised $2.9 million in a pre-seed funding...
Apple’s artificial intelligence (AI) rollout will reportedly be a long, slow one. As Bloomberg News reported Sunday (June 16), Apple Intelligence, which the tech giant announced last week, won’t become available for developers to test out until late in the summer. That means it won’t...
OpenAI’s days as a nonprofit company could be numbered. CEO Sam Altman has told some shareholders the artificial intelligence (AI) firm is weighing a change to its governance, making it a for-profit company that its nonprofit board has no control over, The Information reported Friday...
This week in artificial intelligence news, AI is changing shopping experiences and generating video content across various sectors. This week’s developments showcase the technology’s potential, with Apple, Luma AI and Intuit unveiling AI-powered solutions. However, as the AI landscape evolves rapidly, regulators are faced with the...
Tech giant Microsoft has decided to delay the rollout of “Recall,” its artificial intelligence (AI)-powered feature designed to track and store users’ computer activity. The company announced on Thursday (June 13) that instead of rolling out Recall to all its new computers next week, it...
