A group of six banks is calling for artificial intelligence shopping transactions to carry an auditable record of what a customer asked an agent to do, what authority the customer granted, and what happened before and after payment. The proposal addresses the issue of whether...
Artificial intelligence hyperscalers could spend $1 trillion next year, JPMorganChase Chairman and CEO Jamie Dimon told CNBC in an interview posted Monday (Sept. 21). That figure would be up from the $700 billion the hyperscaler ecosystem is spending this year and the $300 billion it...
A group of global banks has issued a warning about safety risks tied to agentic commerce. That warning came as part of a set of principles published Tuesday (Sept. 22) by six banks — ASB Bank, Bank of America, Capital One, Commonwealth Bank of Australia, ING and NatWest — and designed to create a framework...
Enterprises have spent millions of dollars acquiring artificial intelligence models, copilots and capabilities. The next dollar thrown at a smarter model may be worth less than the next dollar spent fixing the data, permissions, workflows and organizational plumbing preventing existing AI from doing real work....
A growing number of software companies are turning to open-weight artificial intelligence models, including Chinese ones, due to the cost of proprietary models from U.S. AI developers, Bloomberg reported Monday (Sept. 21). Open-weight models are typically cheaper and enable firms to create their own models...
Payments firms need a way to identify where artificial intelligence is being used and who’s responsible for it, as well as to monitor how those systems are managed over time. ISO/IEC 42001 puts a management framework around those systems, including AI a company buys rather...
Employees at insurance broker MRH Trowe wanted artificial intelligence to help with their daily work. Teams started trying AI tools on their own. That created a risk for the company. Sensitive client and insurance data could end up in software nobody at the firm controlled....
The most important benchmark for the next phase of enterprise artificial intelligence isn’t arising around the model’s intelligence. Instead, the most important benchmark is around a model’s data retention policies. That is, if the news last week that companies as varied as Nvidia, Palantir, Booz...
The United States should lead an international effort to develop global technical standards for frontier artificial intelligence, including recursive self-improvement (RSI), OpenAI said in a Monday (Sept. 21) article. RSI could result in humans losing control over AI development if this fully autonomous development of AI outpaces humans’...