The artificial intelligence boom is reshaping the technology landscape as industry giants Broadcom, Oracle and Samsung make moves to capitalize on the demand for AI chips and cloud computing resources. From soaring stock prices to ambitious sales targets and chip technologies, these companies are positioning...
As the business landscape grows more digitally connected, real-time compliance is growing more important. Citi announced Wednesday (June 12) that Emirates NBD became the first bank to use its 24/7 USD Clearing service to make cross-border payments in U.S. dollars available to their corporate and...
An increasing number of artificial intelligence founders want to sell their firms. That’s according to Clément Delangue, co-founder and CEO of AI startup Hugging Face, which agreed to acquire a smaller company called Argilla for $10 million, Bloomberg reported Thursday (June 13). Hugging Face already...
OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight. The multibillion-dollar AI startup aims to have 50 members on its global affairs team by year’s end, up from three at the start of 2023 and 35 currently, the...
Trustly unveiled an artificial intelligence-powered recurring payments solution that is designed to streamline subscription payments. By automating these payments, the new Trustly Recurring Payments aims to minimize churn and reduce fraud and payment failures, the company said in a Thursday (June 13) press release emailed...
Mistral AI, a Paris-based artificial intelligence startup, raised $640 million in a Series B funding round led by General Catalyst, propelling its valuation to $6 billion. The funding injection positions Mistral AI as a serious contender to Silicon Valley’s AI powerhouses, signaling a shift in...
The ability of artificial intelligence to transcribe conversations and categorize them by topic can save financial advisers 10 to 15 hours per week, Morgan Stanley CEO Ted Pick said Monday (June 10). The global financial services firm has seen this savings when using an AI...
Artificial intelligence agents have reportedly caught the attention of tech investors, leading to a surge in funding for startups focused on building them. The interest from tech investors highlights the potential of AI agents to transform industries and create new opportunities, CNBC reported Friday (June...
WhatsApp introduced artificial intelligence tools designed to help businesses use the app to sell products and services. The tools on the Meta-owned messaging and Voice over Internet Protocol (VoIP) app enable businesses to use AI to answer questions commonly asked by shoppers, to create ads...
