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...
Mistral AI and Nvidia have introduced Mistral NeMo, an artificial intelligence (AI) model designed to bring advanced AI capabilities to standard desktop computers, widening access for large and small businesses. Mistral NeMo’s key feature is its ability to process up to 128,000 words simultaneously, handling...
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, personalization have never been more heightened, innovation within the payments space is vital to both integrate and unlock these benefits. “The payment space is rapidly […]
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...
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...
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...
