Know-your-customer (KYC) checks are expensive partly because a bank isn’t simply verifying an identity. Compliance teams have to collect information from documents, reconcile it across systems, investigate potential risk factors and build an auditable record explaining how they reached a decision. Incore Bank, a Swiss...
Anthropic is changing a data retention policy for business customers following concerns from enterprise users about how their information would be stored and reviewed. The company announced Tuesday (Sept. 1) it is introducing Enterprise Frontier Safeguards, a system that will give businesses greater control over...
OpenAI is connecting ChatGPT directly to Epic electronic health records, pushing the artificial intelligence bot deeper into the clinical workflow and giving healthcare workers a way to query patient information without manually assembling the medical history themselves. Healthcare organizations can now connect their Epic environments...
Ads inside ChatGPT are now bringing in money at a pace equal to $1 billion a year, OpenAI said in a Monday announcement, a milestone the company reached less than 200 days after launching the ad product. OpenAI is guiding toward $2.5 billion in booked...
In July, Apple sued OpenAI, accusing its one-time partner of stealing trade secrets. The legal battle continued this week, with Apple now alleging that an OpenAI employee has destroyed evidence in the case, and OpenAI saying Apple has no one to blame for the suit...
The European Union is bringing OpenAI’s ChatGPT under its strictest online platform rules, signaling that Brussels increasingly views widely used artificial intelligence services not only as AI models but also as mass-market information platforms capable of creating systemic risks. The European Commission on Monday (Aug....
Congress may need to decide whether the public should receive a direct financial stake in the wealth generated by artificial intelligence, according to a Friday (Aug. 28) report from the Congressional Research Service. The report outlined possible equity-sharing structures while warning of difficult trade-offs involving...
Angelo Palivos built Petwealth after losing his own pet to an illness that a diagnostic lab couldn’t catch in time. That loss became the company’s founding premise. Veterinary care moves too slowly and too reactively, and pet owners are often waiting on lab results when...
Scalable Capital became the first bank in Europe to open its investment platform directly to outside artificial intelligence assistants on Aug. 25, letting customers connect ChatGPT, Claude or Grok to a real brokerage account holding actual money, Scalable Capital said in its announcement. The German...