DeepSeek more than doubled its annualized revenue run rate over the past few months, bringing the rate to $1 billion, The Information reported Wednesday (Sept. 23), citing unnamed sources. The figure was shared with investors by DeepSeek CEO Liang Wenfeng, according to the report. Wenfeng...
OpenAI has hired the people who built the largest membership business in the creator economy. Patreon Co-Founder Sam Yam is joining to lead a new division called Creator Product, The Information reported. He is bringing Drew Rowny, Patreon’s former head of product, and Shannon Ma,...
Meta wants its artificial intelligence agent, Muse, with people all day. At Meta Connect Wednesday (Sept. 23) and in a blog post the same day, the company announced that it’s putting the AI agent with its glasses and shopping partners. Then Meta CEO Mark Zuckerberg...
A researcher uses generative artificial intelligence (AI) to process data, draft a grant application or assemble a literature review. If the work is later challenged, investigators may need to reconstruct what the tool produced, what the researcher checked and whether the underlying records still exist....
Artificial intelligence is opening new routes between banks’ legacy cores and the applications built on top of them, expanding what banks can build around systems they already have. The change reaches beyond chatbots and employee copilots. AI agents retrieve information from banking systems, invoke software...
Treasury departments have traditionally been centered on helping the treasurer, who is typically a human, make better decisions about corporate cash. The next generation of treasury technology, however, is proving capable of making those same decisions on its own. Artificial intelligence treasury agents today can...
One of the researchers behind AlphaGo is seeking tens of millions of dollars from a small initial group of backers for a new startup called Metis Reasoning, Bloomberg reported Thursday (Sept. 24). AlphaGo is the Google DeepMind program that beat a world champion at the...
Procurement platform Axya raised 17 million Canadian dollars (about $12 million) in new funding, according to a Thursday (Sept. 24) press release provided to PYMNTS. The Montreal-based company’s Series A financing will help enhance its platform and artificial intelligence capabilities as it enters new markets...
The CEOs of rival artificial intelligence labs Anthropic and OpenAI agreed Wednesday (Sept. 23) that there is a need for global standards to address potential risks around AI and that both governments and the industry should be involved in decisions about the technology, Bloomberg reported...