artificial intelligence

artificial intelligence
Microsoft Pauses Its Launch of AI-Powered Recall Program
June 14, 2024

Tech giant Microsoft has decided to delay the rollout of “Recall,” its artificial intelligence (AI)-powered feature designed to track and store users’ computer activity. The company announced on Thursday (June 13) that instead of rolling out Recall to all its new computers next week, it...

artificial intelligence
Nvidia Unveils Open Model That Creates LLM Training Data
June 14, 2024

As concerns grow that large language models (LLMs) are running out of high-quality training data, Nvidia has released Nemotron-4 340B, a family of open models designed to generate synthetic data for training LLMs across various industries. LLMs are artificial intelligence (AI) models that can understand...

artificial intelligence
Luma AI Debuts ‘Dream Machine’ for Rapid Video Creation
June 13, 2024

Artificial intelligence startup Luma AI unveiled a tool that can generate realistic video footage from a few lines of text, opening up new possibilities for rapid video creation. The company’s “Dream Machine” platform, now available to the public, allows anyone to type in a descriptive...

artificial intelligence
78% of CFOs Say AI Is ‘Extremely Important’ to Payments Processes
June 13, 2024

Most CFOs working on behalf of organizations earning at least $1 billion annually use multiple systems to manage their source-to-pay cycles, and nearly 60% of firms earning between $10 billion and $20 billion each year rely on at least five accounts payable (AP) systems. Why...

artificial intelligence
Why This CTO Says the Bank of the Future Is Already Here
June 13, 2024

Digital banks have long eschewed physical branches in favor of direct, digital customer engagement. Digital banking’s convenience has been a competitive advantage for challenger or neo banks, increasingly allowing their customers to do their banking tasks on a smart phone or at the kitchen table....

artificial intelligence
Intuit to Preview AI-Powered Marketing Tools 
June 13, 2024

Intuit, the maker of TurboTax, Credit Karma, QuickBooks and Mailchimp, will preview a new artificial intelligence (AI) system designed to help businesses increase revenue through smarter marketing. The Mountain View, California, company said in a press release emailed to PYMNTS that its “revenue intelligence” technology...

artificial intelligence
Report: OpenAI Doubled Annualized Revenue in 6 Months
June 12, 2024

OpenAI reportedly more than doubled its annualized revenue over the last six months or so. The firm’s current annualized revenue is $3.4 billion, up from $1.6 billion in 2023, Bloomberg reported Wednesday (June 12), citing a paywalled article by The Information. OpenAI did not immediately...

artificial intelligence
Databricks Launches AI-Powered Business Intelligence Product
June 12, 2024

Databricks has launched an artificial intelligence (AI)-powered business intelligence (BI) product designed to enable anyone in an organization to access analytics and insights. The new Databricks AI/BI features both interactive dashboards and a conversational interface called Genie, the company said in a Wednesday (June 12)...

artificial intelligence
AI Regulation: Global Picture Balances Innovation and Insight
June 12, 2024

The global artificial intelligence (AI) landscape is undergoing significant shifts as regulators grapple with the technology’s rapid advancements. While the U.S. and Europe are considering tightening AI regulations, Argentina President Javier Milei is positioning his country as a potential haven for tech investments. Meanwhile, the...