Artificial Intelligence

October 19, 2023 @ 2:35 pm By Omar Faridi  |  

AirPak, which claims to be a leader in remittance services across Central America, is proud to announce its partnership with ThetaRay, a key player focused on AI-powered transaction monitoring solutions. ThetaRay is an OurCrowd portfolio company that has raised over $23 million on the investment… Read More

October 12, 2023 @ 9:08 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch. Shopping lens, the flagship new feature, “allows shoppers to take a picture of things and styles in their surroundings, instantly find… Read More

October 11, 2023 @ 10:18 pm By Michael Wong  |  

Greylock, a global venture capital investor well known for backing major tech firms such as Airbnb, Coinbase, and Meta, has announced the launch of its 17th fund, with $1 billion in total corpus. The fund, Greylock 17, will focus on Pre-Seed, Seed, and Series A… Read More

October 10, 2023 @ 5:44 pm By Omar Faridi  |  

Point Predictive, the firm focused on AI-powered fraud solutions for the auto lending industry, has joined forces with Metro Jobber’s, Inc., a wholesale automotive distributor, to tackle the growing issue of auto loan fraud in the Detroit Metropolitan area. This strategic partnership is set “to… Read More

October 8, 2023 @ 6:26 pm By Omar Faridi  |  

Digital identity verification is a term that is rapidly evolving and often is given different definitions. Juniper Research considers digital identity to be: ‘A digital representation of an entity; this can be one or more individual pieces of identifying data, an event, or a signal… Read More

October 5, 2023 @ 10:26 pm By Omar Faridi  |  

Vyzer, a digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data “into potent wealth-building strategies and grants… Read More

October 5, 2023 @ 6:58 am By Omar Faridi  |  

Building upon its passwordless authentication expertise, HYPR announced the unified solution for securing the modern identity lifecycle, providing organizations with complete confidence that an individual is who they claim to be at all times. The new solution reportedly “combines the strongest modern authentication capabilities with… Read More

October 4, 2023 @ 11:11 am By Omar Faridi  |  

Intesa Sanpaolo, Italy’s bank and reportedly among the “largest” in Europe, has chosen iGenius – a company that applies its generative AI technology to business intelligence (BI) – to implement its BI solutions. iGenius is a platform that “simplifies access to data using natural language,… Read More

October 3, 2023 @ 8:17 am By Omar Faridi  |  

Visa (NYSE: V), a global firm focused on payments, announced a new $100 million generative AI ventures initiative in order “to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.”… Read More

October 1, 2023 @ 11:58 pm By Omar Faridi  |  

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More

September 28, 2023 @ 10:59 am By Michael Wong  |  

OpenAI, the company behind ChatGPT, is considering selling existing shares at a much higher valuation to investors, according to a report by the Wall Street Journal. The report said the deal could value OpenAI, which is backed by Microsoft, at between $80 billion and $90… Read More

September 27, 2023 @ 1:07 am By Omar Faridi  |  

Ocrolus, a firm focused on AI-driven financial document automation, announced the launch of an enhanced dashboard for mortgage lenders featuring the ability to automate income calculations for both traditional and self-employed borrowers. The solution combines three trusted Ocrolus capabilities – Classify, Capture and Analyze –… Read More

September 23, 2023 @ 11:15 am By Omar Faridi  |  

Exabeam, a global cybersecurity firm that created New-Scale SIEM for advancing security operations, and a 2023 Google Cloud Technology Partner of the Year for Security – Analytics, announced it is expanding its partnership with Google Cloud in “the development of generative artificial intelligence (AI) models… Read More

September 22, 2023 @ 12:38 pm By Michael Wong  |  

Cisco has confirmed its plans to acquire Nasdaq-listed cybersecurity and observability major Splunk for $157 per share in cash, totaling a whopping $28 billion equity value. Gary Steele, Splunk’s current President and CEO, will soon be integrated into Cisco’s Executive Leadership Team, directly under Chair… Read More

September 22, 2023 @ 11:36 am By Omar Faridi  |  

HouseStars, the UK’s AI-powered, all-inclusive app, connecting tradespeople to property owners, has secured 97% (£121,369) of its £125,001 target from 67 investors with 26 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in the United Kingdom, the firm operates in the… Read More

September 22, 2023 @ 6:20 am By Omar Faridi  |  

Tether, the company behind the leading stablecoin USDT, is pleased to announce its strategic investment into Northern Data Group through Damoon, a Tether group company. With an $83 billion market capitalization, Tether is expanding its reach “beyond fintech, following recent investments in energy production, bitcoin… Read More

September 20, 2023 @ 10:11 pm By Omar Faridi  |  

Brex, the unified global spend platform, announced the launch of Brex Assistant, a proactive assistant that simplifies expense management for employees and improves their productivity. Brex Assistant is the flagship product of Brex AI, “a suite of capabilities that transform spend management to enable unprecedented… Read More

September 20, 2023 @ 1:22 pm By Omar Faridi  |  

HiddenLayer, the security provider for artificial intelligence (AI) models and assets, has raised $50 million in Series A funding to expand its talent base, increase go-to-market efforts, and further invest in its Machine Learning Security (MLSec) Platform. The investment round marks the largest Series A… Read More

September 19, 2023 @ 7:55 pm By Omar Faridi  |  

Pagaya Technologies LTD. (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, and Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced the closing of PAID 2023-S2, “continuing a partnership to provide funding and growth… Read More

September 18, 2023 @ 11:37 am By Omar Faridi  |  

HighRadius, the provider of Autonomous Finance Software for Order to Cash, Treasury, and Record to Report, launched FreedaGPT – Generative AI for the Office of the CFO. FreedaGPT is the next generation of Freeda – HighRadius’ AI-enabled digital assistant “for Order to Cash, Treasury, and… Read More