March 14, 2024
EU Presses Big Tech Companies on AI Threats
European regulators want to question Big Tech firms about potential threats of generative artificial intelligence (AI). To that end, the European Commission (EC) has sent requests under the Digital Services...
March 14, 2024
Report: Softbank Considers Investing in Mistral AI
Japan’s SoftBank is reportedly weighing an investment in French artificial intelligence (AI) startup Mistral AI. The tech giant has shown interest in backing Mistral the next time it does fundraising, Bloomberg News reported...
March 14, 2024
Chime Expands Availability of In-App Tax Filing Pilot Program
Chime has expanded the availability of free access to its in-app tax filing pilot program. Following a successful pilot launch, the new tax feature is now available to millions more...
March 14, 2024
Microsoft Flags Google’s AI Dominance Amid EU Antitrust Probe
In a recent submission to EU antitrust regulators, Microsoft has underscored Google’s significant lead in generative artificial intelligence (AI) fueled by its extensive data reservoir and AI-optimized chips. The tech...
March 14, 2024
Earnings Season Shows Some Momentum for Online Car Platforms
Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant. Loans themselves — where...
March 14, 2024
Cisco’s $28 Billion Splunk Acquisition Receives Unconditional EU Approval
Cisco Systems has secured unconditional approval from European Union antitrust regulators for its acquisition of cybersecurity firm Splunk. The $28 billion deal, announced last year, marks Cisco’s largest-ever acquisition and...
March 14, 2024
Oracle Unveils New AI Capabilities for Finance and Supply Chain
Oracle has added new generative artificial intelligence (AI) capabilities to its Fusion Cloud Applications Suite. “The latest AI additions include new generative AI capabilities embedded in existing business workflows across finance, supply chain,...
March 14, 2024
Walmart Aims to Sell AI Truck Routing Tools to Other...
Walmart hopes to sell its AI-powered truck routing software to other companies. Walmart has been using its Route Optimization tool — which uses artificial intelligence (AI) to plot more efficient routes for its...
March 14, 2024
Voice AI Takes the Wheel Transforming Connected Car Experiences
The relationship between mankind and machine is undergoing a fundamental transformation. For the first time in history — at least outside of TV shows like “Knight Rider” and movies like...
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.