Goldman Sachs aims to ensure that new artificial intelligence tools don’t lead to a loss of knowledge within the institution, Chris Churchman, head of the company’s digital platform for institutional clients, Marquee, said, CNBC reported Monday (Aug. 24). Speaking during an episode of Goldman Sachs’...
Loyalty benefits used to show up at checkout: a card swiped, a code entered, a discount applied after the decision was already made. That moment is moving earlier, into the conversation where an artificial intelligence agent is still deciding where to buy. Synchrony announced an...
U.S. business investment is reportedly on pace to increase three times faster than in Europe. That’s according to a report Monday (Aug. 24) by the Financial Times (FT), citing a forecast from Oxford Economics showing an artificial intelligence (AI)-fueled gap widening between the two regions....
Nvidia is considering taking part in a new funding round for artificial intelligence startup Perplexity, The Information reported Sunday (Aug. 23). The new funding would be worth billions of dollars and value Perplexity at more than $30 billion, more than doubling the company’s valuation from...
Hugging Face has reportedly been considering a sale that could value it at $13 billion. The startup, which offers a platform that lets developers find, share and create artificial intelligence (AI) models, has been working with a bank to test buyers’ interest, Business Insider reported Sunday (Aug. 23),...
Every financial API was built for a human developer, a human analyst, or a human customer. A person queries the endpoint. A person reviews the response. A person decides what to do next. That assumption is no longer reliable. AI agents are now the fastest-growing...
Private equity firms have reportedly begun placing artificial intelligence experts within their portfolio companies to grow those businesses. That’s according to a report Friday (Aug. 21) from The Wall Street Journal (WSJ), which cites the example of Wall Street firms like Blackstone and Hellman &...
One of OpenAI’s leading executives says people should prepare themselves for routine artificial intelligence-related cyberattacks. Chris Lehane, the AI startup’s chief global affairs officer, gave this warning to The Guardian on Sunday (Aug. 23), days after his company paused development on its latest model following...
Artificial intelligence is affecting the labor market, though not in the way people might think. That’s according to Torsten Slok, Apollo Global Management’s chief economist, who told Bloomberg News on Saturday (Aug. 22) that the impact of AI can be seen on weaker wage growth...