Commodity Futures Trading Commission (CFTC) Chairman Michael Selig outlined a potential role for derivatives markets in financing the artificial intelligence (AI) economy, arguing that businesses will need tools to hedge computing costs. At the same time, he said, regulators confront unresolved questions about autonomous trading...
Most people do not think about elder care until they have to. Then they find out how expensive it is, how hard to access, and how much of it falls on whoever is closest. Artificial intelligence agents are beginning to take on parts of that...
A US Foods seller used to spend up to four hours preparing a proposal for a prospective restaurant, reading menus, spreadsheets and handwritten notes. A generative artificial intelligence tool now does that work, Amazon Web Services said in a case study. AWS also claimed a...
A senior Goldman Sachs executive says weaknesses are developing in the AI market as the cost of capital climbs. Speaking at The Information’s WTF Summit on Tuesday (Oct. 28) Goldman co-head of investment banking Kim Posnett argued that while she is “hugely bullish” on artificial intelligence (AI) overall, investors...
It’s fairly common in the age of artificial intelligence and agents for AI to handle routine customer service faster and cheaper than a call center, but the customer on the other end can get stuck in a loop of menus and canned answers with no...
Before a company’s loan request reaches a room full of bankers, a computer may have already sized it up. Artificial intelligence tools now score borrowers, sort through financial statements and write first drafts of loan approval memos. In many cases, nobody at the bank formally...
Tech companies are reportedly spending more time and resources dealing with bugs uncovered by artificial intelligence (AI). That’s according to a report Wednesday (Oct. 28) by The New York Times, which says technologists are becoming overwhelmed at the volume of flaws. In May, OpenAI began employing its technology...
Grace Hopper, the Yale PhD in math, computer pioneer and United States Navy rear admiral, liked to tell audiences that “it’s much easier to apologize than to get permission.” She didn’t invent the idea or the saying, but she made it famous. Silicon Valley has...
Anthropic has added more connectors from partners to its Claude for Financial Advisors, the company said in a Tuesday (Oct. 27) update to an article originally published Sept. 14. The list of connectors in the updated article now includes 22 connectors to tools used by...