Artificial Intelligence

April 17, 2024 @ 6:11 pm By Omar Faridi  |  

Bridgewise, the AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million. The investment round was reportedly “led by SIX Group with participation from Group11, L4 Venture Builder, and other global… Read More

April 17, 2024 @ 10:53 am By Omar Faridi  |  

Deloitte announced the expansion of its global Generative AI (GenAI) incubator network to include regional hubs in the US, Canada, India, Egypt, Malaysia, Poland, Portugal and Romania—allowing clients to experiment and innovate with GenAI technology, and to develop, deploy, and scale solutions in their local… Read More

April 16, 2024 @ 8:34 am By Omar Faridi  |  

PineGap.ai is reporting a $2.5 million seed funding round that is said to have been led by Silicon Valley Quad (SVQ) (BV Jagadeesh), Inventus Capital Partners (Manu Rekhi) with participation from DeVC (Aakash Kumar , Divyanshi Chowdhary). Notable Silicon Valley serial entrepreneurs and investors: Mohit… Read More

April 16, 2024 @ 7:37 am By JD Alois  |  

Online investment platform Seedrs has announced a new partnership with Microsoft (NASDAQ:MSFT) to launch “SERIES A,” an AI-focused accelerator. The accelerator is said to be open to all Seed and Series A firms. Seedrs described the partnership as “an industry first that will help supercharge… Read More

April 15, 2024 @ 7:58 pm By Omar Faridi  |  

CBInsights has explored an emerging set of technologies including cybersecurity and Fintech-focused solutions impacting automotive R&D, manufacturing, sales, vehicle use, and the aftermarket. As noted in the CBInsights report, advancements in AI are “changing the way automakers design, build, sell, and repair vehicles.” Large language… Read More

April 13, 2024 @ 8:14 pm By Omar Faridi  |  

The CMA has outlined 3 key risks to effective competition on AI Foundation Models and has set out plans for further action in the market. The move from the Competition and Markets Authority (CMA) follows its initial report on AI Foundation Models (FMs) last year…. Read More

April 11, 2024 @ 9:49 pm By Omar Faridi  |  

 NICE Actimize, a NICE business (Nasdaq: NICE), announced the availability of IFM 11 (Integrated Fraud Management), a new release of its AI-driven fraud management and detection platform. The new release leverages recent advancements in artificial intelligence “together with NICE Actimize’s unique collective intelligence capabilities to… Read More

April 11, 2024 @ 10:36 am By Omar Faridi  |  

The AI 100 has been released by CB Insights. It’s an annual list of some of the best / high-potential private AI companies in the world. From new AI architectures to precision manufacturing, this year’s AI firms are focused on tackling some of the hardest… Read More

April 9, 2024 @ 1:46 pm By Omar Faridi  |  

Canada is becoming an increasingly viable landscape for investment activity thanks to its favorable regulatory environment, a flourishing tech sector, and the country’s continued commitment to fostering entrepreneurship. As Apple (NASDAQ:AAPL) continues to ramp up its generative AI capabilities, the Silicon Valley giant has actively… Read More

April 8, 2024 @ 11:09 am By JD Alois  |  

Linedata (Euronext Paris: LIN), a France-based Fintech, has acquired DreamQuark – an artificial intelligence (AI) firm that provides services to financial firms like banks and wealth managers. The terms of the acquisition were not revealed. Nicolas Meric, CEO of DreamQuark, said they are thrilled to… Read More

April 8, 2024 @ 10:30 am By Aaron Rafferty  |  

Generative AI [artificial intelligence] has taken the world by storm, especially with the proliferation of OpenAI’s massively popular ChatGPT. However, these generative AI models can potentially make an even greater impact than one might imagine. In the commercial real estate sector, generative AI has inspired… Read More

April 7, 2024 @ 9:12 am By Omar Faridi  |  

As the financial industry grapples with serving an increasingly mobile and digital-first customer base, neobanks are stepping up to fill the gaps left by legacy institutions. Raman Korneu, CEO and Co-founder of myTU, shares his insights on how cloud-native technology and AI can drive a… Read More

April 6, 2024 @ 12:08 pm By Omar Faridi  |  

ValidMind, the AI and model risk management platform for financial services, today announced it has raised $8.1 million in a seed funding round led by Point72 Ventures, with participation from Third Prime, New York Life Ventures, AI Fund, Notion Capital, FJ Labs, Angel Invest, and… Read More

April 5, 2024 @ 2:15 pm By Omar Faridi  |  

OKX has released a report titled ‘Unlocking the Infinite Potential of Crypto and AI.’ The research report from OKX explores “the convergence of AI and crypto, a major trend in the current market cycle that is giving rise to new applications and innovations encompassing areas… Read More

April 3, 2024 @ 10:33 pm By Omar Faridi  |  

Keeper Security, the provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, passkeys, privileged access, secrets and remote connections,  releases its 2024 Keeper Security Insight Report, The Future of Defense: IT Leaders Brace for Unprecedented Cyber Threats. The survey of more than 800 IT and… Read More

April 3, 2024 @ 8:41 am By Omar Faridi  |  

HighRadius announces the launch of Accounts Payable Automation, the GenAI native solution, to automate the entire payer-supplier payment process. AP teams have been working “with traditional, one-way applications intended to reduce manual processes and save costs.” However, these haven’t helped suppliers, “who get limited payment… Read More

April 2, 2024 @ 1:27 pm By JD Alois  |  

Hailo, an edge artificial intelligence (AI) focused chipmaker, has raised $120 million in Series C funding. The funding was led by current and new investors, including the Zisapel family, Gil Agmon, Delek Motors, Alfred Akirov, DCLBA, Vasuki, OurCrowd, Talcar, Comasco, Automotive Equipment (AEV), and Poalim… Read More

April 2, 2024 @ 7:10 am By Omar Faridi  |  

A recent report released by the US Treasury has called on banking institutions to enhance their risk management controls/frameworks so that they can avoid being overwhelmed by AI-powered fraudsters and malicious cybercriminals. The research report, which is reportedly the end result of an executive order… Read More

April 2, 2024 @ 7:03 am By Omar Faridi  |  

CaixaBank will be part of two European consortia to prevent cyberthreats and provide a faster and more secure response in the face of potential incidents. Via two projects financed by the European Commission under the scope of the Digital Europe programme, the bank will implement… Read More

March 30, 2024 @ 8:07 am By Michael Wong  |  

Singapore-based AI cybersecurity firm StealthMole has announced raising $7 million in Series A funding, a round spearheaded by Korea Investment Partners (KIP). This investment round also saw contributions from Hibiscus Fund, a multinational venture between RHL Ventures, Penjana Kapital, and KB Investment, alongside Smilegate Investment…. Read More