Google DeepMind introduced a new artificial intelligence training method designed to reduce computing costs and energy consumption, potentially impacting the economics of AI development and its applications in online commerce and global customer support. The new technique, called JEST (joint example selection), reportedly delivers a...
As eCommerce giants and tech startups strive to make online interactions more engaging, they’re turning to anthropomorphism — attributing human characteristics to nonhuman entities. It isn’t a new concept. For decades, companies have used anthropomorphic mascots and branding to create emotional connections with consumers. The...
The promise of artificial intelligence to generate images from simple text prompts has captured imaginations, with tools like DALL-E and Midjourney producing visuals. Yet, as users push the boundaries of these tools, the limitations of AI’s understanding become apparent. In one example, a viral attempt...
The United Nations General Assembly greenlit Monday (July 1) a China-sponsored, United States-backed resolution on artificial intelligence, signaling a potential sea change in global AI regulation and commerce. This cooperation between the two tech titans comes just months after a U.S.-led AI safety measure, highlighting...
As artificial intelligence revolutionizes the banking sector, industry leaders from UBS and McKinsey highlighted the potential and challenges facing financial institutions. Concerns range from return on tech investments to the future role of human bankers in an AI-driven landscape. McKinsey: AI Promises Banking Revolution, but...
New United Nations data showed China with a comfortable lead in the race to develop artificial intelligence products. Between 2014 and last year, more than 38,000 generative AI inventions came out of China, six times the amount of those coming from the second-place United States,...
Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a top official at the Bank for International Settlements. In a Sunday (June 30) speech at the BIS annual meeting, Hyun...
In Silicon Valley, a new kind of proofreader is hard at work. It doesn’t wield a red pen or squint at comma splices. Instead, this digital detective, born from the same artificial intelligence it’s tasked to police, scans lines of code with inhuman speed, hunting...
Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and limited adaptability. Predictive artificial intelligence (AI) improves on this by reducing false positives and adapting to new schemes using machine...
