Aston Martin’s Formula One team now listens to 40 race radio channels at once, with artificial intelligence transcribing and sorting each message within five seconds, CoreWeave said. The system lets a race engineer ask how rival drivers are finding a tire compound and get an...
Artificial intelligence has been valuable to Bending Spoons, a company that buys digital businesses and then increases their revenue per customer, CEO Luca Ferrari told Bloomberg in a report published Friday (Oct. 9). Bending Spoons’ portfolio includes AOL, Vimeo, WeTransfer and Evernote. When the firm...
A fund manager in Hong Kong emails BNY at 2 a.m. New York time about a transfer that hasn’t settled. A software agent can read it, pull the records and draft a reply. A human manager reviews the draft before it goes out, Microsoft reported...
Cross-border payments are proving to be the strongest use case for stablecoins, Mastercard CEO Michael Miebach said Friday (Oct. 9), Bloomberg reported. During an interview with Bloomberg TV, Miebach said stablecoins provide an alternative to traditional methods of cross-border payments that take days and have unclear fees. “From a working...
Much of payment processing already happens without an employee touching the transaction. The “hands-on” interactions come when payments fail to clear, or transactions trigger fraud reviews. In other cases requiring manual oversight, payments don’t match the invoices, ledgers or bank records surrounding them. The August...
Moving money across borders may be one of the last steps in an international payment. Getting the money ready to move can take considerably longer. Before a multinational company pays an overseas supplier, its finance team often needs to verify the counterparty, reconcile an invoice...
OpenAI expects its annualized revenue to reach at least $70 billion by the end of the year, up from $50 billion at the end of September, Bloomberg reported Friday (Oct. 9), citing unnamed sources. The expected gains are being driven by growth in OpenAI’s enterprise...
Watch more: Need to Know With Splitit’s Nandan Sheth Artificial intelligence could turn pay later from an offer at checkout into advice about whether financing the purchase makes sense in the first place. Doing that requires more than finding the lowest monthly payment. An agent...
Businesses that combine several artificial intelligence tools to fight payments fraud are nearly twice as likely to stop at least 90% of attempted attacks before losing money, according to new PYMNTS Intelligence research. “Prevention First: Building a Smarter Defense Against Payments Fraud” is a PYMNTS...