PYMNTS-MonitorEdge-May-2024

large language models

BNP Paribas and Mistral Forge AI-Banking Pact
BNP Paribas and Mistral Forge AI-Banking Pact
July 10, 2024  |  artificial intelligence

French banking group BNP Paribas has formed a partnership with AI firm Mistral. The agreement, announced Wednesday (July 10), is a multiyear partnership that provides...

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Web Scraping Wars: How Businesses Are Fighting AI Data Harvesting
Web Scraping Wars: How Businesses Are Fighting AI Data Harvesting
July 09, 2024  |  artificial intelligence

As web scraping by artificial intelligence (AI) companies intensifies, businesses are grappling with the unauthorized harvesting of their online content, prompting new defensive measures that...

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AI Whisperers: Bright Spots in a Shifting Job Landscape
AI Whisperers: Bright Spots in a Shifting Job Landscape
July 08, 2024  |  artificial intelligence

As the U.S. job market shows signs of gradual cooling, one group is experiencing an unexpected surge in demand: artificial intelligence (AI) prompt engineers. These...

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iRobot Co-Founder: Generative AI May Be Overhyped
iRobot Co-Founder: Generative AI May Be Overhyped
June 30, 2024  |  artificial intelligence

MIT robotics professor and iRobot co-founder Rodney Brooks thinks artificial intelligence (AI) is impressive. Just not as impressive as many of its proponents have argued,...

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AI Firms Aim to Build Engagement by Making Humanlike Chatbots
AI Firms Aim to Build Engagement by Making Humanlike Chatbots
June 28, 2024  |  artificial intelligence

People are reportedly getting a little too friendly with chatbots. Some users are exchanging a high volume of messages with these artificial intelligence (AI)-powered tools and...

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OpenAI, Microsoft Face Copyright Lawsuit by Mother Jones Publisher CIR
OpenAI, Microsoft Face Copyright Lawsuit by Mother Jones Publisher CIR
June 27, 2024  |  artificial intelligence

The Center for Investigative Reporting (CIR), the nonprofit news organization that produces Mother Jones and Reveal, has sued OpenAI and that firm’s largest shareholder, Microsoft....

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Accounting Industry Ripe for GenAI Integration, Andreessen Horowitz Says
Accounting Industry Ripe for GenAI Integration, Andreessen Horowitz Says
June 27, 2024  |  artificial intelligence

Artificial intelligence (AI) is poised to change the accounting industry, according to a new report from venture capital firm Andreessen Horowitz. As large language models...

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Trending: How Energy Efficient LLMs Could Boost GenAI Use in eCommerce
Trending: How Energy Efficient LLMs Could Boost GenAI Use in eCommerce
June 26, 2024  |  artificial intelligence

UC Santa Cruz researchers have devised a method to significantly reduce the energy costs of running large language models. It’s a development that could significantly...

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Are Chatbots the New Face of Financial Customer Service?
Are Chatbots the New Face of Financial Customer Service?
June 19, 2024  |  artificial intelligence

Move over, human tellers: artificial intelligence (AI) chatbots may be the new face of banking. As digital solutions continue to disrupt the industry, experts say...

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