Artificial Intelligence

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

March 28, 2024 @ 4:09 pm By Omar Faridi  |  

Tether Operations Limited, which claims to be the largest company in the cryptocurrency industry, announced a strategic expansion of its AI [artificial intelligence] focus, positioning itself at the forefront of innovation. This move underscores Tether’s dedication “to advancing AI accessibility and efficiency, further solidifying its… Read More

March 26, 2024 @ 4:18 pm By Omar Faridi  |  

ZestyAI, the provider of climate and property risk analytics solutions powered by artificial intelligence (AI), unveiled its newest solution “to address the driver of insurance losses – roof claims.” ZestyAI’s Roof Age is a new solution “that pinpoints the age of a roof using data… Read More

March 26, 2024 @ 8:52 am By Omar Faridi  |  

The world’s 1,229 unicorn companies, which are businesses valued at $1 billion or more, have been closely examined in an extensive update shared by CBInsights. CBInsights has looked at every billion-dollar startup around the globe and profiled the fastest-growing unicorn markets in the fast-evolving digital… Read More

March 24, 2024 @ 7:50 pm By Omar Faridi  |  

Coupa, the AI-driven platform that helps you operate smarter and grow faster, today announced the launch of its first data center in the Middle East, to be inaugurated in collaboration with the Amazon Web Services (AWS) team in Dubai. The new data center highlights Coupa’s… Read More

March 21, 2024 @ 4:22 am By Omar Faridi  |  

Amazon Web Services (AWS), Accenture (NYSE: ACN) and AI company Anthropic are coming together to help organizations—especially those in highly-regulated industries including healthcare, public sector, banking and insurance—responsibly adopt and scale customized generative artificial intelligence (AI) technology “within their organizations to speed innovation, improve customer… Read More

March 19, 2024 @ 7:07 am By Omar Faridi  |  

Generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the ethical data cooperative comprising synthetically generated financial transaction data. Transaction datasets provide analysts, hedge funds and other financial institutions with invaluable insights “into behaviors and trends which drive… Read More

March 19, 2024 @ 3:15 am By Omar Faridi  |  

The top AI crypto countries in 2024 are the US, which accounted for 18.9% share of global interest in the narrative, followed by the UK (9.1%) and Türkiye (6.5%), according to a report from CoinGecko. The US and UK also led the meme coin craze… Read More

March 19, 2024 @ 2:10 am By Omar Faridi  |  

The Big Tech AI “arms race” is ongoing and picking up its pace rapidly with well over 75 AI startups that are currently backed by tech giants such as Amazon, Google, Microsoft, and Nvidia. This, according to a new report from CBInsights. CBInsights has recently… Read More

March 18, 2024 @ 12:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against two firms claiming these entities made “misleading statements” in regard to the utilization of artificial intelligence (AI). Delphia (USA) Inc. and Global Predictions Inc. have both agreed to settle the SEC’s charges and pay $400,000… Read More

March 18, 2024 @ 7:57 am By Omar Faridi  |  

Generative AI (Gen AI) became popular or more widespread with consumers in 2022, when several user-friendly text-based AI systems were released to the public, according to a recent update shared by KPMG. Yet despite its infancy, respondents to a new KPMG UK poll have “expressed… Read More

March 18, 2024 @ 4:17 am By Omar Faridi  |  

TransUnion (NYSE: TRU) technology transformation is reportedly set to reache its next phase with the introduction of OneTru, a platform that is said to be built for AI-powered data collaboration. The OneTru solution enablement platform reportedly capitalizes on “the company’s authoritative data assets, cloud-enabled infrastructure… Read More

March 14, 2024 @ 6:53 pm By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment service provider, introduces its Card-as-a-Service (CaaS) for AI Analysis, a firm focused on AI, blockchain, and FinTech. This service empowers AI Analysis “to issue customized branded Mastercard AIA cards effortlessly, eliminating the need for managing card infrastructure intricacies. With these… Read More

March 13, 2024 @ 12:27 pm By Omar Faridi  |  

Quantexa, a global firm focused on decision intelligence solutions for the public and private sectors reveals its Decision Intelligence Platform roadmap, and provides an update on Q Assist, a generative artificial intelligence (AI) assistant that previewed in July last year. Quantexa also announced a partnership… Read More

March 12, 2024 @ 11:40 pm By Omar Faridi  |  

CQG, a global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, announced completion of internal testing and proof-of-concept using live data on what the firm believes to be a first-of-its kind artificial intelligence (AI) predictive model for traders. Following… Read More

March 12, 2024 @ 9:02 am By JD Alois  |  

Nanonets, an artificial intelligence (AI) firm providing workflow automation services, has raised $29 million, bringing its total to date to $42 million. Accel led the Series B funding round with participation from YCombinator, Elevation Capital, and others. Nanonets reports that it has experienced dramatic growth… Read More