Artificial Intelligence

August 22, 2024 @ 9:11 pm By Omar Faridi  |  

Experian released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights “into emerging fraud trends such as these, as… Read More

August 22, 2024 @ 9:09 pm By Omar Faridi  |  

Elite, a provider of financial management and business operations solutions to the world’s most successful law firms, and Brightflag, the AI-powered e-billing and matter management platform for in-house legal teams, have launched a new integration which seamlessly connects two of the legal industry’s legal invoicing… Read More

August 22, 2024 @ 4:15 pm By JD Alois  |  

Fintilect, a banking service provider serving both UK and US banks and other financial services firms, says it is now offering a new generation of “hyper-personalized banking solutions. The company claims that its platform will enable its clients to recognize and communicate with their individual… Read More

August 22, 2024 @ 4:02 pm By Omar Faridi  |  

Skyfire Systems, Incorporated announced the launch of the payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. Skyfire creates an essential operating layer, “delivering critical missing components for AI commerce, including secure wallet… Read More

August 20, 2024 @ 10:43 pm By Omar Faridi  |  

Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced a new bundle of features for Automated Clearing House (ACH) transactions. These features use Generative AI (GenAI) and machine learning (ML) to “help banks,… Read More

August 19, 2024 @ 8:16 am By Omar Faridi  |  

SCB 10X, the technology investment arm of SCBX Group, has announced their participation in the series A funding round for Ema, a San Francisco-based generative AI company creating Universal AI Employees of the future. The $36M Series A extension investment round, “co-led by Accel and… Read More

August 18, 2024 @ 4:49 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in MyShell through Labs Incubation Season 6. MyShell is a decentralized AI ecosystem converging “an AI model layer that allows everyone to build, share, and own AI Apps.” MyShell was launched in April… Read More

August 18, 2024 @ 4:46 pm By Michael Wong  |  

Artificial intelligence startup Rebellions has merged with Sapeon Korea, a subsidiary of SK Telecom in a move to challenge the dominance of Nvidia in the global AI chip market. Rebellions, a fabless chip designer, brings a valuation of approximately 900 billion won ($664 million) to… Read More

August 18, 2024 @ 7:11 am By Tony Zerucha  |  

Fears of a bursting AI bubble are overblown, deVere Group founder and CEO Nigel Green believes. Speculation grew following last week’s market turbulence, but Green feels that is premature. “Fear mongers are pointing to the sharp declines in the stock prices of leading AI companies… Read More

August 16, 2024 @ 6:14 am By Omar Faridi  |  

Carbon emissions from AI and crypto are surging and tax policy can help, according to an update shared by the International Monetary Fund (IMF). Crypto mining and data centers now account “for 2 percent of global electricity use and nearly 1 percent of global emissions,… Read More

August 15, 2024 @ 4:35 pm By Omar Faridi  |  

Binance Labs, the incubation arm of Binance, has invested in Sahara AI, a decentralized AI blockchain platform built for open and equitable AI. Sahara AI is building a collaborative AI economy “that prioritizes the sovereignty and provenance of AI, ensuring security, equity, and accessibility for… Read More

August 15, 2024 @ 9:22 am By Omar Faridi  |  

Paddle, the payments infrastructure provider, has opened applications for its third AI Launchpad, offering 75 ambitious AI founders the chance to participate in a 6-week program to help them build, launch and scale their AI-powered business ideas. The potential for AI startups is huge, “with… Read More

August 14, 2024 @ 2:04 pm By JD Alois  |  

Cerebras, an artificial intelligence enabler, sold securities using the StartEngine platform. Part of its private deal room, the offering was opened to accredited investors who are allowed to invest alongside well known VCs. According to StartEngine, Series Cerebras 1 and 2 sold out on the… Read More

August 13, 2024 @ 10:04 pm By Omar Faridi  |  

Cytora has partnered with AI-powered due diligence company Xapien. The integration will enable commercial insurance underwriters “to instantly gain access to Xapien’s AI due diligence tool via Cytora’s risk processing platform.” By integrating directly into Cytora, underwriters will “no longer need to manually check scores of… Read More

August 13, 2024 @ 1:28 pm By JD Alois  |  

Artificial intelligence (AI) firm Groq has raised $640 million in a funding round led by BlackRock Private Equity Partners. Other existing and new investors included Neuberger Berman, Type One Ventures, and strategic investors, including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung… Read More

August 12, 2024 @ 3:28 pm By Omar Faridi  |  

The US venture market continues a slow evolution by way of correcting expectations and valuations, “at least in some arenas of the market,” according to an update from PitchBook. Artificial intelligence and machine learning (AI & ML) is “driving interest across the strategy, with company… Read More

August 12, 2024 @ 11:53 am By JD Alois  |  

The Financial Technology Association (FTA) has posted a comment letter directed towards the US Department of Treasury in regard to a request for feedback on the use of Artificial Intelligence (AI) in financial services. The FTA advocates on behalf of the benefits of AI, urging… Read More

August 12, 2024 @ 10:19 am By Omar Faridi  |  

  Mitch Jacobs, founder & CEO, Plink AI, recently shared key insights with Crowdfund Insider. While commenting on transformative digital technology trends, Jacobs explained that automated commerce is inevitable. Long before Fintech became a transformative development, Jacobs, founder and former CEO of Ondeck and now… Read More

August 12, 2024 @ 7:50 am By Tony Zerucha  |  

A report from corporate card and accounts payable platform Ramp shows that companies are willing to invest in AI, especially when it addresses specific issues. While spending remained strong in Q2, some headwinds are forming. Small SMEs raised their spending by 9.4%, with large SMEs… Read More

August 11, 2024 @ 4:19 pm By Omar Faridi  |  

Automotive lending has been quickly transformed by artificial intelligence (AI) with the promise of faster, more accurate and more cost-effective credit decisions and approval processes. Auto dealers are not exactly ready to embrace the new technology. According to the J.D. Power 2024 U.S. Dealer Financing… Read More