Ml news and trends

Tech Firms Bet on Sustainable Data Centers to Cut AI Costs
artificial intelligence // August 30, 2024

As artificial intelligence (AI) reshapes industries, tech companies are racing to build greener data centers that slash energy costs without sacrificing performance. Firms like Sustainable Metal Cloud (SMC) are at the forefront of this shift, developing cooling solutions for data centers that are trying to...

Ceres Imaging Reveals Capital Raise, Rebrands to ‘Ceres AI’
artificial intelligence // August 22, 2024

Ceres Imaging has revealed a Series D capital raise and announced its rebranding to “Ceres AI.” When announcing these developments in a Thursday (Aug. 22) press release emailed to PYMNTS, the company did not disclose the funding amount. Ceres AI, which provides data and analytics...

More Than Half of US Consumers Use P2P Apps to Send Money
Security & Fraud // August 02, 2024

Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a shadow over their growth. A recent PYMNTS Intelligence report, “P2P Payment Potential: Promoting Convenience While...

AI Integration Drives Revenue Streams for Tech Giants
artificial intelligence // July 31, 2024

Major technology companies are embedding artificial intelligence (AI) into their core products and services, creating new revenue opportunities and enhancing user experiences. Integrating AI across various sectors marks a shift in how companies monetize technology and engage with users. From search engines and productivity tools...

Interviews & Exclusives
Tech Firms Bet on Sustainable Data Centers to Cut AI Costs

August 30, 2024
As artificial intelligence (AI) reshapes industries, tech companies are racing to build greener data centers that slash energy costs without sacrificing performance. Firms like Sustainable Metal Cloud (SMC) are at the forefront of this shift, developing cooling solutions for data centers that are trying to cut energy while boosting computing power. These advancements come as […]

More Than Half of US Consumers Use P2P Apps to Send Money

August 02, 2024
Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a...

Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security

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...

52% of FIs Plan to Lean on ML and AI to Combat Fraud

May 22, 2024
In the seemingly never-ending war to protect their customers and institutions from fraud, an increasing number of financial institutions (FIs) are deploying machine learning (ML) and artificial intelligence (AI) tools...

Quick Reads
Ceres Imaging Reveals Capital Raise, Rebrands to ‘Ceres AI’

August 22, 2024
Ceres Imaging has revealed a Series D capital raise and announced its rebranding to “Ceres AI.” When announcing these developments in a Thursday (Aug. 22) press release emailed to PYMNTS, the company did not disclose the funding amount. Ceres AI, which provides data and analytics to help growers, lenders and insurers reduce their farming risk […]

Equifax Says 85% of Its New Models Built With AI

April 18, 2024
Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models...

Ateliere Establishes AI Advisory Council for Media Software Solutions

March 20, 2024
Ateliere Creative Technologies has established an AI Advisory Council to help it develop a road map for adding generative artificial intelligence (GenAI) and machine learning (ML) models to its Ateliere Connect media...

75% of AP Teams Reported Processing More Invoices Last Quarter

October 31, 2023
Accounts payable (AP) staff have been working extra hours as they use legacy and manual procedures to handle a growing number of invoices. Seventy-five percent of AP teams reported processing...