April 18, 2024
Equifax Says 85% of Its New Models Built With AI
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...
April 18, 2024
Regulations, Innovations and AI Define This Week in Big Tech
Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization,...
April 18, 2024
Repeal of Credit Card Late Fee Cap Has Winding Path...
Out of committee…and now the path is a winding one for the proposed repeal of the Consumer Financial Protection Bureau’s (CFPB) rule that would cap credit card late fees as soon...
April 18, 2024
Big Tech Taps AI Agents to Drive Revenue Growth
Big tech companies are reportedly in a race to unveil software to fuel AI spending. For example, Microsoft is at work trying to automate tasks such as invoicing or the ability to rewrite code for applications...
April 17, 2024
Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage both firms’ artificial intelligence...
April 17, 2024
Intel and Partners Want to Solve Enterprise AI’s Interoperability Problem
Few innovations throughout history have progressed as fast as generative artificial intelligence (AI) has. And with the news Tuesday (April 16) that Intel, working with several other industry partners, is...
April 17, 2024
Report: Mistral AI Targeting $5 Billion Valuation
Mistral AI is reportedly exploring a funding round that would value it at $5 billion. The French startup has been in talks with investors about raising several hundred million dollars, The Information reported...
April 16, 2024
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit...
Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been measured through FICO scores detailed...
April 16, 2024
Will On-Device AI Processing Bring More Shoppers to Mobile Commerce?
Artificial intelligence (AI) is being embedded directly into devices, potentially boosting app speeds dramatically. As Apple reportedly gears up to introduce AI-powered features on the iPhone that rely on on-device processing...
