March 21, 2024
Chinese President Xi Jinping to Meet CEOs, Seek Foreign Investment
Chinese President Xi Jinping is reportedly set to meet with a group of U.S. business leaders next week in Beijing, seeking to attract American firms amidst a decline in foreign...
March 21, 2024
Microsoft Launches AI-Optimized Devices for Business Users
Microsoft has announced the launch of two new devices designed exclusively for business users: the Surface Pro 10 for Business and the Surface Laptop 6 for Business. These devices are...
March 21, 2024
Florida-Based Liberty Savings Bank Taps Upstart to Provide Personal Loans
Florida-based Liberty Savings Bank has partnered with artificial intelligence (AI) lending marketplace Upstart to provide personal loans. The bank, which serves Florida’s Sarasota-Manatee County and has over $1.2 billion in assets,...
March 21, 2024
RapidCanvas Aims to Democratize AI Adoption
In a world where artificial intelligence (AI) is rapidly transforming industries, one startup is on a mission to make AI accessible to businesses of all sizes. RapidCanvas, a new AI...
March 21, 2024
New AI Training Method Boosts Reasoning Skills by Encouraging ‘Inner...
To improve artificial intelligence (AI), it might pay to mimic the human brain. Researchers have developed a novel training method called “Quiet-STaR” that improves the reasoning abilities of AI systems....
March 21, 2024
Meet the Titans: Major Players Funding the Future of AI
Saudi Arabia aims to carve out a leadership role in the burgeoning artificial intelligence (AI) field with a proposed $40 billion investment fund, as The New York Times reported. The...
March 21, 2024
United Nations’ First AI Safety Resolution Unanimously Approved
On Thursday, the UN General Assembly endorsed the first United Nations resolution on artificial intelligence, signaling worldwide backing for an international initiative aimed at ensuring that this powerful new technology...
March 21, 2024
Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below the latest to pull back...
March 21, 2024
Nvidia Unveils AI-Powered Humanoid Robot Project
Nvidia is entering the humanoid robotics field with its new foundation model, Project GR00T. The company announced the artificial intelligence (AI) system at its developer conference this week, saying that it is versatile...
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