Artificial intelligence is opening new routes between banks’ legacy cores and the applications built on top of them, expanding what banks can build around systems they already have. The change reaches beyond chatbots and employee copilots. AI agents retrieve information from banking systems, invoke software...
Treasury departments have traditionally been centered on helping the treasurer, who is typically a human, make better decisions about corporate cash. The next generation of treasury technology, however, is proving capable of making those same decisions on its own. Artificial intelligence treasury agents today can...
One of the researchers behind AlphaGo is seeking tens of millions of dollars from a small initial group of backers for a new startup called Metis Reasoning, Bloomberg reported Thursday (Sept. 24). AlphaGo is the Google DeepMind program that beat a world champion at the...
Procurement platform Axya raised 17 million Canadian dollars (about $12 million) in new funding, according to a Thursday (Sept. 24) press release provided to PYMNTS. The Montreal-based company’s Series A financing will help enhance its platform and artificial intelligence capabilities as it enters new markets...
The CEOs of rival artificial intelligence labs Anthropic and OpenAI agreed Wednesday (Sept. 23) that there is a need for global standards to address potential risks around AI and that both governments and the industry should be involved in decisions about the technology, Bloomberg reported...
Meta’s Muse, the personal artificial intelligence agent the company launched Sept. 8, has taken Silicon Valley and Wall Street by surprise. Within days of launch the personal AI agent topped the App Store charts, a feat Meta’s earlier AI apps never managed, and Meta shares...
Verizon said it is spending $70 million to teach artificial intelligence (AI) skills to American workers and businesses. AI Skills for America, announced by the telecom company on Wednesday (Sept. 23), is designed for job seekers, small businesses, early career professionals and displaced workers. “Strengthening...
A consumer who tells an artificial intelligence (AI) agent to book a vacation for under $3,000 has approved a budget, not every choice the agent makes to stay inside it. The agent can pick the airline, accept a nonrefundable fare, add travel insurance and split...
The founders of open banking platform Tink have launched a new compliance platform. Freda, which came out of stealth Wednesday (Sept. 23), has its roots in what its founders saw at their former company, CEO Daniel Kjellén said in a LinkedIn post announcing the launch. “At Tink, we’d watched compliance become...