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....
The most important benchmark for the next phase of enterprise artificial intelligence isn’t arising around the model’s intelligence. Instead, the most important benchmark is around a model’s data retention policies. That is, if the news last week that companies as varied as Nvidia, Palantir, Booz...
The United States should lead an international effort to develop global technical standards for frontier artificial intelligence, including recursive self-improvement (RSI), OpenAI said in a Monday (Sept. 21) article. RSI could result in humans losing control over AI development if this fully autonomous development of AI outpaces humans’...
The Commodity Futures Trading Commission (CFTC) is hosting a series of roundtables devoted to new technologies in U.S. financial markets. The Frontier Forum series, hosted by the CFTC’s Innovation Task Force, will kick off next month with a discussion of artificial intelligence and agentic finance,...
A DoorDash employee who wants to know why orders dipped in California last week can put the question to an artificial intelligence agent called Vera. Questions like that have previously been the data team’s job. DoorDash built the agent for its own staff. It answers...
Meta’s Muse reached No. 1 spot on Apple’s App store ranking 10 days after launch. It passed ChatGPT to get there. The debut was quite an auspicious one, and one PYMNTS took for a test drive. First, it’s important to understand a key difference. A...
Bank of America is ramping up investments in artificial intelligence ventures after initially being skeptical of the industry’s prospects, Bloomberg reported Monday (Sept. 21). Until last year, Bank of America had been wary of AI companies’ ability to sustain their money-losing enterprises amid all their...