April 26, 2024
EU Antitrust Chief Margrethe Vestager Says AI Needs ‘Vibrant Competition’
In a meeting that underscores the European Union’s ongoing scrutiny of the tech industry, Margrethe Vestager, the EU’s antitrust chief, held discussions with representatives from the French artificial intelligence (AI) firm Mistral...
April 26, 2024
Advanced Tech Adds Miles of Progress to Smart City Vision
The global smart cities landscape is evolving, driven by the fusion of urbanization and technological advancements. This transformative shift is underscored by the recent release of the “2024 Smart City...
April 26, 2024
The State of Main Street Heading Into Small Business Week
Despite the moniker attached to their segment, small businesses loom large in the American economy. And with the U.S. Small Business Administration (SBA) celebrating National Small Business Week starting Sunday (April...
April 26, 2024
Meta’s $35 Billion Bet on AI Fuels the Tech Arms...
Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. This colossal investment raises pivotal questions about...
April 26, 2024
This Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation,...
April 26, 2024
Will You Take This Algorithm to Court?
By: Anna Artyushina (Center for International Governance Innovation) What occurs when artificial intelligence (AI) becomes even more ingrained in our daily lives than it already is? The ArriveCAN incident serves...
April 26, 2024
Making Sense of: How America’s CHIPS Act Fuels Domestic Innovation
American companies are outpacing European ones on innovation and technology. That’s what the head of Norway’s $1.6 trillion oil fund told the Financial Times Wednesday (April 24), and his comments...
April 26, 2024
Elon Musk’s xAI Close to Raising $6 Billion
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26)....
April 26, 2024
FTC and State Attorneys General Poised for Strengthened Action on...
While the U.S. historically has had certain protections for biometric data through privacy laws, most notably the Illinois Biometric Information Privacy Act, swift developments in the U.S. privacy framework have...
Generative AI’s use in the telecommunications industry is increasing, with 87% of telecom executives seeing its potential to enhance customer relations and experience, but 68% of telecoms also admit they are insufficiently addressing the risks associated with the technology. The latest edition of the “Generative AI Tracker®,” a collaboration with AI-ID, examines why three-quarters of telecoms see a need to do more to combat AI fraudsters, underscoring the tension between innovation and robust security.
Forty-six percent of FIs say the fraud risks of providing open banking outweigh the benefits, but the share of skeptics rises to 57% among FIs that experienced increased fraud. PYMNTS Intelligence’s latest study of 200 FI execs, “How Fraud Fears Impact FIs’ Adoption of Faster Payment Solutions,” a collaboration with Hawk AI, details why FIs are cooling toward open banking but staying the course on real-time payments.