Search. Cloud. AI. It was a winning combination for Google’s parent Alphabet in Q1 and it worked again in Q2, as reported in the company’s earnings call after the bell on Tuesday (July 23). By the numbers, year-over-year net income in the quarter ending June...
The financial services industry may serve as a proving ground for the regulation of artificial intelligence (AI), House Financial Services Committee Chairman Patrick McHenry, R-N.C., said Tuesday (July 23). McHenry said this in opening remarks delivered during the committee’s hearing on AI applications in financial...
After Amazon called for global alignment on responsible artificial intelligence (AI) measures, industry experts are weighing in on the potential implications for international commerce and tech regulation. The eCommerce giant’s statement, delivered by David Zapolsky, senior vice president of global public policy and general counsel,...
Travel companies are introducing a range of artificial intelligence (AI)-powered tools, signaling a change in how business trips are booked and managed. Altour, United Airlines, AMGiNE and Serko have all unveiled new AI technologies aimed at enhancing travel experiences, from personalized booking interfaces to real-time...
July 24, 2024
In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Financial crime remains a challenge for financial institutions (FIs) worldwide, evolving in complexity and scale with each passing day. This shifting threat landscape means that advances and innovations designed to give detecting, preventing and combating financial crime a shot in […]
July 15, 2024
All the innovation in the world changes nothing if it fails to meet the needs of end-users. And against a backdrop where expectations around payments convenience, speed, security and, increasingly,...
July 05, 2024
Anthropic’s new funding program for advanced artificial intelligence (AI) evaluations aims to tackle safety and adoption challenges in AI. As global AI regulations tighten, from Nvidia’s potential antitrust charges in...
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...
July 23, 2024
The financial services industry may serve as a proving ground for the regulation of artificial intelligence (AI), House Financial Services Committee Chairman Patrick McHenry, R-N.C., said Tuesday (July 23). McHenry said this in opening remarks delivered during the committee’s hearing on AI applications in financial services and housing. “The financial services industry — one of […]
July 18, 2024
Meta has reportedly suspended its generative artificial intelligence (AI) tools in Brazil after one of the country’s regulators objected to part of the company’s privacy policy. Earlier in July, Brazil’s...
July 18, 2024
OpenAI has introduced a smaller, more affordable iteration of its artificial intelligence (AI) model ChatGPT. GPT-4o mini, announced Thursday (July 18), is available now for free users and paying ChatGPT...
July 17, 2024
The European Commission is reportedly looking into whether Google’s generative artificial intelligence (AI) deal with Samsung keeps other companies’ chatbots off Samsung smartphones. The antitrust regulator is asking industry participants...
