Elon Musk is asking users of his social media platform if his car company should invest in his AI platform. The world’s richest man launched the non-binding, informal poll on X — formerly Twitter — late Tuesday (July 23), hours after saying during an earnings presentation that Tesla would...
In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Financial crime remains a challenge for financial institutions (FIs) worldwide, evolving in complexity and scale with each passing day. This shifting threat landscape means that advances and innovations designed to...
Visa’s investments in artificial intelligence (AI) and other technology reportedly enabled the payments processor to block 80 million fraudulent transactions worth $40 billion in 2023. Charles Lobo, regional risk officer for Visa in Central and Eastern Europe, Middle East and Africa, shared these figures with...
The financial services industry may serve as a proving ground for the regulation of artificial intelligence (AI), House Financial Services Committee Chairman Patrick McHenry, R-N.C., said Tuesday (July 23). McHenry said this in opening remarks delivered during the committee’s hearing on AI applications in financial...
After Amazon called for global alignment on responsible artificial intelligence (AI) measures, industry experts are weighing in on the potential implications for international commerce and tech regulation. The eCommerce giant’s statement, delivered by David Zapolsky, senior vice president of global public policy and general counsel,...
Meta has challenged the artificial intelligence status quo by releasing Llama 3.1, unveiling a 405 billion parameter open-source model that aims to rival closed-source AI leaders. In a Tuesday (July 23) news release, Meta founder and CEO Mark Zuckerberg emphasized the company’s commitment to open-source...
Travel companies are introducing a range of artificial intelligence (AI)-powered tools, signaling a change in how business trips are booked and managed. Altour, United Airlines, AMGiNE and Serko have all unveiled new AI technologies aimed at enhancing travel experiences, from personalized booking interfaces to real-time...
Mistral AI and Nvidia have introduced Mistral NeMo, an artificial intelligence (AI) model designed to bring advanced AI capabilities to standard desktop computers, widening access for large and small businesses. Mistral NeMo’s key feature is its ability to process up to 128,000 words simultaneously, handling...
A year after leading American Big Tech companies agreed to the Biden administration’s voluntary commitments to manage the risks posed by artificial intelligence (AI), Amazon said there is a need for global alignment on responsible AI measures. “It’s now very clear we can have rules...
