April 24, 2024
ComplyAdvantage Buys Golden to Bolster Financial Crime Fighting Tool
Financial crime intelligence provider ComplyAdvantage has acquired tech company Golden. As ComplyAdvantage noted in a Wednesday (April 23) news release sent to PYMNTS, Golden is “automating the construction of one of the world’s...
April 24, 2024
Mastercard Takes AI-Driven Fraud Defense to Next Level
Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers. The company announced on Wednesday (April 24)...
April 23, 2024
Tesla Calls Itself an AI, Robotics Company as Profits Plunge...
There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits...
April 23, 2024
AI to Boost Weather Forecasts, Businesses Hope for Profits
Advancements in artificial intelligence (AI) may drastically improve the accuracy of weather predictions, potentially increasing profits for businesses that rely on forecasting. Google has introduced a new AI model capable of...
April 23, 2024
Bite-Sized AI: Why Smaller Models Like Microsoft’s Phi-3 Are Big for Business
Smaller artificial intelligence (AI) models, like Microsoft’s recently unveiled Phi-3-mini, are proving that bigger isn’t always better for business applications. These lightweight, efficient models can tackle content creation and data analysis without the hefty computational requirements...
April 23, 2024
Report: Apple Expected to Launch New iPad Models May 7
Apple will reportedly launch new products in a May 7 online event. The company sent invitations to the media Tuesday (April 23), and those files feature a graphic that includes...
April 23, 2024
Robots Redefine Surgical Landscape for Enhanced Patient Outcomes
The integration of robotics is reshaping surgical procedures, promising enhanced precision, efficiency, and improved patient outcomes. Recent earnings reports from industry giants like Intuitive Surgical and Johnson & Johnson (J&J) shed light on...
April 23, 2024
Figure Names Brex Veteran Michael Tannenbaum as CEO
Figure Technology Solutions has named Michael Tannenbaum as CEO and a member of the board of directors, effectively immediately. The company’s previous CEO, co-founder Mike Cagney, has assumed the role of executive chairman, Figure...
April 23, 2024
X to Launch TV App ‘Soon,’ CEO Linda Yaccarino Says
X (formerly Twitter) will soon launch an X TV App that will bring real-time content to smart TVs. “This will be your go-to companion for a high-quality, immersive entertainment experience...
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.