With their customers worn down by pricing shifts, software/cloud companies including Amazon, Microsoft and Figma are reportedly offering artificial intelligence (AI) discounts. That’s according to a report Tuesday (Sept. 22) by The Information, which said these markdowns are happening as customers are growing more selective...
Heidi raised $340 million in new funding to expand the capabilities of its AI Care Partner for clinicians and to support its growth, the company said in a Tuesday (Sept. 22) press release. The new funding includes a $100 million Series C funding round led...
A group of six banks is calling for artificial intelligence shopping transactions to carry an auditable record of what a customer asked an agent to do, what authority the customer granted, and what happened before and after payment. The proposal addresses the issue of whether...
Artificial intelligence hyperscalers could spend $1 trillion next year, JPMorganChase Chairman and CEO Jamie Dimon told CNBC in an interview posted Monday (Sept. 21). That figure would be up from the $700 billion the hyperscaler ecosystem is spending this year and the $300 billion it...
A group of global banks has issued a warning about safety risks tied to agentic commerce. That warning came as part of a set of principles published Tuesday (Sept. 22) by six banks — ASB Bank, Bank of America, Capital One, Commonwealth Bank of Australia, ING and NatWest — and designed to create a framework...
Enterprises have spent millions of dollars acquiring artificial intelligence models, copilots and capabilities. The next dollar thrown at a smarter model may be worth less than the next dollar spent fixing the data, permissions, workflows and organizational plumbing preventing existing AI from doing real work....
A growing number of software companies are turning to open-weight artificial intelligence models, including Chinese ones, due to the cost of proprietary models from U.S. AI developers, Bloomberg reported Monday (Sept. 21). Open-weight models are typically cheaper and enable firms to create their own models...
Payments firms need a way to identify where artificial intelligence is being used and who’s responsible for it, as well as to monitor how those systems are managed over time. ISO/IEC 42001 puts a management framework around those systems, including AI a company buys rather...
Employees at insurance broker MRH Trowe wanted artificial intelligence to help with their daily work. Teams started trying AI tools on their own. That created a risk for the company. Sensitive client and insurance data could end up in software nobody at the firm controlled....