How AI Can Be Used in Mortgage Lending
Artificial intelligence and machine learning are revolutionizing the mortgage lending industry, paving the way for a faster, more efficient lending process.
Science & Technology - page 86
AI Firm Cohere Raises $270 Million
The startup Cohere, which is engaged in developments in the field of artificial intelligence, has raised investment funds in the amount of $270 million from venture capital and strategic investors, including Oracle Corp. and Nvidia Corp.
EU Approves €8 Billion State Subsidies for Chip Research
In the European Union, it was decided to provide state subsidies in the amount of $8 billion to support research projects in the field of semiconductors.
Intuit Introduces LLMs for Fintech
The new operating system for generative artificial intelligence will feature AI large language models (LLMs) trained on Intuit’s financial data
WhatsApp Launches Channels Feature for Broadcast Messages
Meta announced the introduction of a broadcast-based messaging feature in WhatsApp, which is called Channels.
Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data
The Dutch privacy regulator has sent a letter to the creators of ChatGPT OpenAI, which contains a request to clarify the algorithm for processing confidential user information.
Lucinity Incorporates Generative AI Into Financial Crime Compliance Tool
Lucinity has launched a generative AI-powered tool for financial crime compliance teams
Apple Uses Innovative Iris Biometrics for New VR Headset, Acquires AR Startup Mira
Apple aims to expand a range of virtual reality products, such as its new Vision Pro VR headset that supports Optic ID, with the acquisition of AR startup Mira, which provides hands-free, smartphone-powered headsets purpose-built for industrial applications
OpenAI Launches Cybersecurity Grant Program
The goal of the new OpenAI program is to facilitate the development of AI-powered cybersecurity capabilities for defenders through grants and other support
Telecoms and Amazon Dismiss Notion of Joint Wireless Effort
American telecommunications giants have refuted plans to establish partnerships with Amazon in order to provide cheap wireless communications to Prime users.
Total Funding Into Environment Tech Falls 5% in 2022, Keeps Declining
Having recorded its highest-ever funding of $31.6 billion in 2021, the environment tech sector saw investments fall by 5% year-on-year to $29.9 billion in 2022
Open AI Receives Warning From Japanese Privacy Watchdog
The Japanese privacy protection service on Friday, June 2, announced that it had sent a warning to the OpenAI startup, which received investments from Microsoft and developed a popular chatbot based on artificial intelligence ChatGPT, about the inadmissibility of using the practice of collecting personal information without obtaining prior permission to perform these actions from […]
Goldman Analysts Say AI Stock Winners Outperform in Credit Too
Strategists at Goldman Sachs Group said that companies that specialize in the development and extension of technologies based on artificial intelligence, in terms of the value of shares and the dynamics of their growth, outperformed competitors working in the field of lending, although in this case there is no catastrophic gap between the indicators of […]
Experts Say ChatGPT to Fuel $1.3 Trillion AI Market by 2032
The release of generative artificial intelligence systems that are focused on solving problems, and satisfying various groups of consumer needs, for example, ChatGPT from OpenAI and Bard from Google will ensure a high level of development of the generative AI market over the next decade and will bring its financial volume to $1.3 trillion by […]
Kasisto Introduces Banking-Specific LLM KAI-GPT
The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization
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