Artificial intelligence (AI)-powered video startup Runway is reportedly looking to raise $450 million at a valuation of $4 billion. The company is in talks with investors, Reuters reported Tuesday (July 2) based on a paywalled article by The Information that cited unnamed sources. Runway did...
Anthropic’s new funding program for advanced artificial intelligence (AI) evaluations could accelerate the adoption of AI across various commercial sectors, industry experts say. The AI company announced Tuesday it will fund third-party organizations to develop new methods for assessing AI capabilities and risks, addressing a...
Unlocking operational leverage is the name of the game for today’s businesses. In the face of ongoing macroeconomic uncertainty, controlling for what is controllable while making the most of available resources is emerging as a way to capture growth. For instance, Amazon is equipping its...
Today’s increasingly digitized business-to-business (B2B) tech stack has transformed the way companies do business. At the same time, it is also transforming the way companies get business. That’s because, with the news last week (June 27) that accounts payable (AP) management firm Medius has introduced a...
June 28, 2024
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 learning. However, generative AI, employing unsupervised or semi-supervised learning techniques, […]
June 26, 2024
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 impact the use of artificial...
June 24, 2024
According to PYMNTS Intelligence, about half of chief marketing officers (CMOs) already use generative artificial intelligence (GenAI) for routine tasks. Still, only a relatively small percentage are deploying the technology...
June 19, 2024
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 these conversational AI systems are...
July 02, 2024
The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said Tuesday (July 2). Speaking during a panel discussion at the European Central Bank’s Forum on Central Banking in Portugal, Powell said that the massive investments being made in AI suggest […]
July 02, 2024
Artificial intelligence (AI)-powered video startup Runway is reportedly looking to raise $450 million at a valuation of $4 billion. The company is in talks with investors, Reuters reported Tuesday (July...
June 30, 2024
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, Brooks told TechCrunch in an...
June 28, 2024
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 are in some cases attributing...
