Larger financial institutions have an edge over smaller ones in AI-related fraud prevention. That’s according to a new report from the U.S. Treasury on dealing with artificial intelligence (AI)-centered risks in the financial sector. “As more firms deploy AI, a gap exists in the data available to financial institutions for...
Settle has added an Automatic 3-Way Matching for Purchase Orders feature to its cash-flow management platform. Designed for eCommerce and consumer packaged goods (CPG) brands, this feature dynamically validates purchase orders (POs), goods received notes (GRNs) and bills by automatically flagging inconsistencies, ensuring users are not overbilled, the...
Gather AI has raised $17 million to scale its computer vision and AI-powered warehouse inventory monitoring offerings. The Series A-1 round, announced Wednesday (March 27), will be used to scale operations as Gather AI tries to grow its customer base by solving supply chain issues with richer data...
Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in September and completes the commitment the company promised at that time to invest up...
OpenAI’s remarkable success with ChatGPT has sent shockwaves through the tech world, sparking a fierce race to build the next generation of large language models (LLMs). Rivals are multiplying, aiming to challenge OpenAI’s early dominance. Securing a lead in the artificial intelligence (AI) race could allow a...
InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures. The Series C round, announced Wednesday (March 27), will let the Malaysia-based Qoala expand its embedded insurance business across Southeast Asia. “The investment will also empower Qoala to intensify its tech-driven initiatives, seamlessly integrate artificial...
The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. False advertising of that sort can violate federal law, the agency said in a Wednesday (March 27) press...
Three entities in the field of artificial intelligence (AI) plan to combine to create the Artificial Superintelligence Alliance. Fetch.ai, Ocean Protocol and SingularityNET aim to create “a decentralized alternative to existing AI projects controlled by Big Tech,” the companies said in a Wednesday (March 27) press release. The proposed alliance...
As specialty retailers are challenged to find ways to hold their own against retail giants such as Amazon, Buybuy Baby is leaning on its specialty selection to keep customers coming back to its digital and physical stores. Raina Khumush, director of marketing and digital, explained in an interview...