Artificial Intelligence

April 3, 2023 @ 12:27 pm By Omar Faridi  |  

Covéa, the car insurer in France with 10.7 million vehicles insured by its French brands MAAF, MMA and GMF, announces the use of Tractable‘s artificial intelligence technology “to accelerate claims processing nationwide in France.” Covéa has been working with Tractable since 2016 “to simplify claims… Read More

April 3, 2023 @ 11:27 am By Omar Faridi  |  

CSI, a provider of end-to-end fintech and regtech solutions, announced today it has partnered with Hawk AI, a global provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, “to deliver its latest products, WatchDOG Fraud and WatchDOG AML.” The products’… Read More

April 3, 2023 @ 4:17 am By Omar Faridi  |  

FedML announced $6 million in funding to spearhead a “collaborative AI” movement that empowers companies and developers to work together on machine learning tasks by sharing data, models and compute resources – “fueling waves of AI innovation beyond the largest technology companies.” To meet that… Read More

April 3, 2023 @ 12:39 am By Omar Faridi  |  

Confluent Co-Founder and Board Member Neha Narkhede and former Meta engineering executive Sachin Kulkarni announced the launch of their newest company, Oscilar, with the goal of “solving one of the biggest challenges facing businesses and consumers: how to protect online transactions from fraud and theft.”… Read More

March 29, 2023 @ 6:53 pm By Omar Faridi  |  

Mars Growth Capital and Liquidity Group, a technology firm that has become the industry’s “fastest-growing” lender to mid-market, late-stage companies globally by automating the entire debt lending cycle, announced a $30M funding deal with Fashinza, an AI-driven B2B marketplace for global fashion supply chains. The… Read More

March 27, 2023 @ 3:18 pm By Omar Faridi  |  

Nvidia’s (NASDAQ:NVDA) management has recently stated that cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) don’t bring anything “useful” for society. This, despite the firm’s powerful processors selling in massive quantities to the nascent crypto industry. Michael Kagan, Nvidia’s CTO, noted that other popular uses of… Read More

March 20, 2023 @ 9:54 pm By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting and business data and analysis, announces the release of Precise API V2, the update to its streamlined API solution that connects and aggregates accounting data. The Precise API V2 provides financial institutions, fintechs, and lenders “with access… Read More

March 20, 2023 @ 12:27 pm By Omar Faridi  |  

Ceres Imaging, the data analytics company that builds AI-driven solutions to protect yields and advance climate resiliency, has released its Risk Solutions product suite, “designed to power the next generation of risk models for insurers and lenders.” The new product “takes advantage of Ceres’ finely… Read More

March 16, 2023 @ 7:33 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced OpenAI has chosen Stripe to power payments as it “moves to commercialize its groundbreaking ChatGPT and DALL·E generative AI technologies.” Stripe is also “incorporating OpenAI’s new natural language technology, GPT-4, into its products and services.” Peter Welinder,… Read More

March 14, 2023 @ 8:14 am By Omar Faridi  |  

Alternative data specialist QuantCube Technology announced the availability of the QuantCube Industrial Production Indicator (IPI) nowcast – “providing a daily update on industrial production output in the U.S. market.” The indicator “measures year on year changes in outputs from the manufacturing, mining, electricity and gas… Read More

March 9, 2023 @ 8:29 am By Omar Faridi  |  

Brex announced it will be launching advanced AI-powered tools for CFOs and their teams, all built “using advanced machine learning and natural language processing technology from OpenAI, an AI research and deployment company.” The new features will “provide relevant insights on corporate spend and answer… Read More

March 6, 2023 @ 11:27 am By Omar Faridi  |  

CAPE Analytics, which claims to be the leader in AI-powered geospatial property intelligence, announced its integration with insurance carrier American National in order to enhance its risk management and underwriting processes “by leveraging CAPE property insights.” Working with CAPE geospatial property insights will “allow American… Read More

March 6, 2023 @ 11:17 am By Omar Faridi  |  

Devron, which claims to be the leader in AI and machine learning for distributed and private data, announces a partnership with Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech. By using Devron’s federated data science platform, Cover Whale will “develop… Read More

March 5, 2023 @ 7:34 pm By Omar Faridi  |  

Quantexa, a global player focused on Decision Intelligence (DI) solutions for the public and private sectors, announced that it has acquired Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI to empower its customers to collect, analyze, and understand unstructured text data…. Read More

February 28, 2023 @ 11:38 am By Omar Faridi  |  

The team at Robin Ai are pleased to announce that they have secured $10.5m in our Series A funding round. This capital from the investment round will be ‘used to accelerate and scale their mission to change the way the legal industry works by using… Read More

February 27, 2023 @ 10:47 pm By Omar Faridi  |  

Northern Ireland (NI) Office Minister of State Steve Baker has announced £18.9 million investment in NI’s cyber security industry at Queen’s University Belfast’s (QUB) Centre for Secure Information Technologies (CSIT). This includes £11 million funding from the New Deal for NI. The investment will “see… Read More

February 24, 2023 @ 8:54 am By Omar Faridi  |  

The role of AI in EU securities markets is becoming more significant. A widespread use of artificial intelligence (AI) comes with “risks,” according to an update from European Securities and Markets Authority (ESMA). In particular, increased uptake may “lead to the concentration of systems and… Read More

February 23, 2023 @ 7:56 am By Omar Faridi  |  

Spoke.ai, the AI-powered tool suite founded by early N26 employees, has secured a €2 million pre-seed round. The investment round was “led by byFounders, with participation from Possible Ventures and a syndicate of experienced operators.” The funds will be “used to start onboarding the 500+… Read More

February 21, 2023 @ 4:09 pm By Omar Faridi  |  

Bosch and Fetch.ai are announcing their new partnership “to form a new Web3 foundation – Fetch.ai Foundation, that aims to research, develop and harness Web3 technology for real-world use cases that will span across mobility, industrial, and consumer domains.” Fetch.ai Foundation will be “anchored in… Read More

February 13, 2023 @ 2:12 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment, and eKYC solutions, has partnered with international gaming operator Sisal “to streamline KYC for its players online.” Based in Italy, Sisal currently “operates in Italy, Morocco, and Turkey, with a range of offerings that includes… Read More