May 08, 2024
How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
A record-breaking number of new business applications were filed in the United States last year; 5.5 million, to be exact. While that’s a great sign for American entrepreneurship, the surge in new businesses may put traditional...
May 08, 2024
Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
European used car platform Auto1 is deepening its artificial intelligence (AI) focus amid record profits. The company on Wednesday (May 8) reported quarterly earnings showing $175 million in gross profits,...
May 08, 2024
Experts Say OpenAI and Amazon Are Keepin’ It Real for...
In a world increasingly flooded with artificial intelligence-generated content, tech behemoths are now locked in a high-stakes battle to develop cutting-edge tools that distinguish between what’s real and what’s not....
May 08, 2024
ServiceNow and Microsoft to Integrate GenAI-Powered Assistants
Enterprise AI platform ServiceNow and Microsoft have announced an expanded strategic alliance to combine their generative artificial intelligence (GenAI) capabilities and enhance employee choice and flexibility. The integration of ServiceNow’s Now Assist and Microsoft’s Copilot will allow employees...
May 08, 2024
This Week in Web3: Wells Notices, Crypto Payments and Usability
Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who, having once...
May 08, 2024
TranscendAP Launches as New AP Automation Company
TranscendAP, which has been a business unit of Optima Global Solutions since 2018, is now operating as a newly formed company. The firm was launched by Optima Global Solutions and TranscendAP co-founder...
May 08, 2024
Quantum Computing May Boost AI Capabilities
Quantum computing and artificial intelligence (AI) are converging, promising to push computing boundaries to transform industries and accelerate discoveries. Quantum computers harness quantum mechanics principles to perform complex calculations. They...
May 08, 2024
From Factories to the Fast Lane, Unpacking Autonomy’s Potential
As the electric vehicle (EV) landscape shows signs of short-circuiting, automakers are eyeing another innovation. One more futuristic, and more fitting, for our rising artificial intelligence (AI) era. That’s because,...
May 08, 2024
Report: Telefonica Deal Puts Amazon in Europe’s 5G Market
Telefonica Germany is reportedly moving 1 million 5G customers to the Amazon Web Services (AWS) cloud. The deal marks the first time in which an existing mobile operator is switching its main network to a public cloud, Reuters reported Wednesday...
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.
Although authorized party fraud accounts for only 37% of FIs’ fraud losses in dollars, these types of attacks are the most likely to impact customer satisfaction and retention — something FIs cannot overlook. PYMNTS Intelligence’s latest 29-page report, “Leveraging AI and ML to Thwart Scammers,” a collaboration with Hawk, contains 8 charts of proprietary data examining the role of ML and AI to help keep fraudsters from getting the upper hand