Tagged: artificial intelligence

Corridor Platforms and Google Cloud to Solve GenAI Governance for Banks

Corridor Platforms collaborates with Google Cloud in order to solve GenAI governance for banks. The partnership enables banks to deploy GenAI apps, leveraging Corridor’s GenGuardX platform for governance, compliance, and risk management Corridor Platforms, the enabler of AI governance solutions, announces a partnership with Google… Read More

Microsoft and PwC to Transform Industries with AI Agents

PwC and Microsoft (NASDAQ:MSFT) announced a collaboration aimed at transforming industries with the power of AI agents. This collab seeks to harness AI’s potential to drive business value, “enhance customer engagement and streamline operations across various sectors.” This initiative between PwC and Microsoft focuses on… Read More

NatWest Group Announces Investment in AI Platform Serene

NatWest Group has made a minority investment in Serene, an early-stage AI platform focused on addressing financial vulnerability. Through real-time customer insights driven by AI and behavioral science, the platform “detects early signs of financial distress and predicts risks to help financial institutions deliver personalized,… Read More

Lloyds Banking Group Strengthens AI Capabilities

Lloyds Banking Group has announced important updates that focus on enhancing its artificial intelligence (AI) related capabilities. Lloyds Banking Group appointed Magdalena Lis as Head of Responsible Artificial Intelligence (AI), starting on 3 February 2025. This follows the appointment of Dr Rohit Dhawan as Director… Read More

Private AI Firms Raised a Record $100.4B in 2024 – Report

A recent report from CBInsights highlights the significant growth and transformation in the artificial intelligence (AI) landscape in 2024. Key trends and findings from the research reports include: Record funding: Private AI companies raised a record $100.4B in 2024, with mega-rounds accounting for 69% of… Read More

Divide Between Open-Source and Closed-Source AI Models Is Reshaping Tech Industry Dynamics – Report

With industry professionals divided in their approaches, CBInsights look at the winners and losers in the open-source vs. closed-source landscape and what enterprises “need to think about next for adoption.” As part of their series on the generative AI divide, CBInsights has examined many of… Read More

AI May Widen Inequality in Asia But Policymakers Could Counteract with Regulations to Promote Ethical Use of Tech – Report

The IMF has shared an update / analysis on how artificial intelligence will affect Asia’s economies. According to the blog post from the IMF, AI may widen inequality, but policymakers can “counteract this with more effective social safety nets, reskilling programs, and regulations to promote… Read More

Tech Giants Meta, Google, Amazon, Microsoft Aggressively Competing on AI Model Development – Report

PitchBook has shared key insights focused on the artificial intelligence (AI) and machine learning (ML) ecosystem. PitchBook noted in the latest report that investors bid up Elon Musk in AI horse race—xAI’s value has been surging in secondary trading. According to Caplight estimates, xAI’s secondary… Read More

New Era of AI and Digitalization to Bring Greater Autonomy to Global Businesses – Report

Research from Accenture (NYSE: ACN) finds a new era of digitization is unfolding—one in which AI continuously learns and drives new levels of autonomy across organizations, positioning trust in its performance “as the most important measure organizations will need for AI to achieve its promise.”… Read More

AI Represented 37% of Venture Capital Funding and 17% of Deals – Report

From AI’s banner year to an 8-year low in global dealmaking, CBInsights examines and breaks down key changes in the venture landscape using their data. CBInsights noted that AI has reshaped the venture landscape, capturing a record “share of funding (37%) and deals (17%) in… Read More

Quantum Computing: Italian VC Operator CDP Venture Capital Invests in Multiverse Computing

Multiverse Computing, a firm focused on value-based quantum and quantum-inspired AI software solutions, announced an investment from the Italian investor in venture capital CDP Venture Capital Sgr, as part of the firm’s Series A round. The investment was carried out via compartments of the Corporate… Read More

KPMG in Germany and Merantix to Capitalize on AI Adoption Across European Markets

KPMG in Germany and Merantix have entered a strategic partnership to accelerate innovation and capitalize on the growing adoption of artificial intelligence across the German and European market. The collab is anchored by KPMG’s investment in Merantix Capital’s AI Fund, which invests in and builds… Read More

GAIB AI Finalizes $5M Round to Innovate AI Computing in the Financial Ecosystem

GAIB reports that it has raised a $5 million pre-seed round in order to build the economic layer for AI compute. GAIB has confirmed the completion of their pre-seed funding round. The investment round was co-led by Hack VC, Faction, and Hashed, alongside investments from… Read More

Nearly 1 in 2 New Unicorns Is an AI Company – Research Report

Nearly 1 in 2 new unicorns is an AI company, according to an extensive update from CBInsights. CBInsights has reportedly examined every billion-dollar startup around the globe and breaks down what they think are emerging “areas of opportunity.” As noted in the research report from… Read More

Socure’s First-Party Fraud Consortium Achieves Scale, Uniting Industry Participants to Combat $100B Problem

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More

Industry Professionals Claim We’ve Only Scratched Surface of What AI Can Do in Fintech

We have just scratched the surface of what AI can do in Fintech, and 2025 will bring “new trends into play,” according an industry outlook from Giuseppe Sette of Reflexivity and Raakhee Miller of Siebert. CI received insightful comments on the fintech industry’s outlook for… Read More

Investors Expect Firms to Deliver Profitability Gains from Generative AI within the Next Year – Report

The pressure is on for companies to turn AI investment into impact, according to PwC’s 2024 Global Investor Survey. The majority or 73% of investors say companies should “deploy AI solutions at scale, as overwhelmingly 66% expect the companies they invest in to deliver productivity… Read More

Australian Firms Increasingly Leveraging AI to Enhance Finance Functions, Improve Financial Reporting

Australian companies’ use of AI in their finance functions is growing steadily – and the Return on Investment (ROI) on AI is exceeding, or at least meeting, expectations, a KPMG International study has found. And a quarter or 25% of Australian and overseas organizations are… Read More

PwC and Amazon Web Services (AWS) to Support GenAI-Powered Apps for Financial Services and Energy Sector

PwC announced a collaboration agreement with Amazon Web Services (AWS) to help drive innovation using the advancements in cloud and generative AI (GenAI) services. The collaboration will now aim to bring together PwC’s industry insights with AWS’ GenAI services, including Amazon Bedrock, which offers a… Read More

Australia’s Commonwealth Bank Leverages Generative AI to Enhance UX

Commonwealth Bank of Australia (CBA) has outlined how artificial intelligence is helping to transform the experiences it delivers to its 10 million-plus customers. At a key update in Sydney, the CBA reportedly showcased the role technology and AI are playing in delivering a number of… Read More

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