Tagged: ML

Akur8 Research: Insurers Can Benefit from Reduction in Data Preparation, Data-driven Underwriting

Akur8 released a new research paper for the actuarial community entitled “Derivative Lasso: Credibility-Based Signal Fitting for GLMs.” Developed by a team of actuarial scientists at Akur8, including Mattia Casotto, Head of Product for the U.S. and Principal Scientist, and Thomas Holmes, Chief Actuary for… Read More

Afterpay and Rokt to Offer Consumers Relevant Ecommerce Experiences

Rokt, the ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in “Buy Now, Pay Later” payment. The partnership enables Afterpay to offer its ecommerce shoppers “highly relevant… Read More

HiddenLayer, a Security Provider for AI Models and Assets, Raises $50M Series A

HiddenLayer, the security provider for artificial intelligence (AI) models and assets, has raised $50 million in Series A funding to expand its talent base, increase go-to-market efforts, and further invest in its Machine Learning Security (MLSec) Platform. The investment round marks the largest Series A… Read More

deepset Secures $30M from Balderton Capital to Help Firms Leverage Large Language Models (LLMs)

deepset.ai – the enterprise platform for building applications with LLMs – has raised $30 million in funding led by Balderton Capital. The investment round also included participation from existing investors GV (Google Ventures), and Harpoon Ventures. deepset claims that it “solves one of the biggest… Read More

AI-Focused VC Activity Surged During Q1 based on OpenAI’s Unconventional Corporate Investment from Microsoft: Pitchbook Report

VC activity ticked up in Q1 based on OpenAI’s unconventional corporate investment from Microsoft, according to an update from Pitchbook. Pitchbook has reportedly tracked $22.7 billion in investment during the quarter, “including $12.7 billion from generative AI investments including OpenAI.” If OpenAI’s deal is excluded,… Read More

Resistant AI Extends Series A to $27.6 M with Funding from Notion Capital to Combat Financial Crime

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

Digital Asset Platform Bybit Integrates ChatGPT Into Its Trading Tools

Bybit, which claims to be the world’s “third-most visited” cryptocurrency exchange, is pleased to announce the release of its latest tool, ToolsGPT. This innovative platform “combines ChatGPT’s machine learning technology with Bybit’s robust market data, [enhancing] the way traders make informed and profitable decisions.” ToolsGPT… Read More

AI-Enhanced E-Commerce Compliance Firm Eurora Appoints James Doyle to Lead Entry to Latin America

Eurora Solutions, a provider of AI/ML-backed cross-border e-commerce compliance platform, announces the appointment of James Doyle as CEO of its Latin American (LATAM) operations, marking Eurora’s strategic entry to the world’s fastest-growing retail e-commerce region. As noted in the update shared with CI, LATAM saw… Read More

Chargebacks: Justt Introduces AI Capabilities, Provides Clarity for Chargeback Management, Mitigation

Justt, a chargeback mitigation innovator, announced the launch of a new suite of machine learning powered capabilities designed to revolutionize the way merchants navigate the complex landscape of chargeback management. These innovative features “focus on augmenting merchants’ visibility into and control over the process of… Read More

Digital Transformation Firm Fimatix Acquires Semantic Evolution to Leverage Unstructured Data with AI, Machine Learning

Fimatix, a provider of digital transformation solutions, announced today the acquisition of Semantic Evolution, a specialist in the provision of AI and machine learning powered solutions to the Financial Services sector. Semantic Evolution will continue “to operate under its own name as part of the… Read More

Digital Asset Hedge Fund ARK36 Launches Algorithmic Machine Learning Trading Software

ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a proprietary machine learning-based trading software system, “to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading.” The new software will “leverage advanced algorithms… Read More

Regtech ComplyAdvantage Addresses Payment Fraud with AI-powered Solution

Criminals have never had more avenues through which to defraud people, according to an update from ComplyAdvantage. This has been “fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments.” That’s why ComplyAdvantage, a key… Read More

Regtech, Artificial Intelligence: Bank of Valletta Adopts Resistant AI’s AML Product to Tackle Financial Crime

Resistant AI, the AI and machine learning financial crime prevention specialists, today announces that Bank of Valletta, the largest bank in Malta, is to adopt its Transaction Forensics product for anti-money laundering (AML). It will “enable the bank to prevent and detect transactions that are… Read More

Research, Web3 Development: ADIA Lab Market Prediction Competition Launched in Partnership with CrunchDAO

ADIA Lab, the Abu Dhabi-based institute dedicated to basic and applied research in data and computational sciences, has partnered with CrunchDAO, a research team of data scientists leveraging Web3 and machine learning to produce next-generation financial insights, “to launch the ADIA Lab Market Prediction competition… Read More

Experian Introduces AI Fraud Solution to Combat Fraudulent Activities, Boost Revenue

Experian – which claims to be one of the world’s leading global information services companies – has launched Aidrian, a new cloud-based fraud solution “powered by adaptive Machine Learning, which enables businesses to prevent fraud without impacting the customer experience.” Experian’s latest research “shows fraud… Read More

Artificial Intelligence: GitLab, Oracle Expand Collab with AI and Machine Learning Offering

GitLab Inc., which claims to be the most comprehensive DevSecOps platform for software innovation, and Oracle Corporation, a global technology firm, announced the general availability of a new offering “that expands shared artificial intelligence (AI) and machine learning (ML) functionalities.” Customers can now “run AI… Read More

Intelligent Processing Platform Hyperscience to Surpass 1 Billion Processed Documents for US Government in 2023

Hyperscience, the most “accurate” Intelligent Document Processing Platform, recently announced that it is “on track to surpass one billion processed documents for the U.S. Government in 2023.” This milestone demonstrates Hyperscience’s ability “to unlock valuable data with unrivaled accuracy for Federal clients, including The Social… Read More

FedML Secures $6M for “Collaborative AI” for Large-Scale Artificial Intelligence Training, Deployment, Customization

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

ADGM-based Israeli Fintech Liquidity Group Introduces Global Initiative in Abu Dhabi

Liquidity Group, a pioneering financial technology firm and asset manager that uses patented machine learning and decision science to provide capital to high-growth technology companies, has announced the launch of its global ‘Twenty Chairs’ series. The series will bring together leading industry players “to network… Read More

Financial Crime Prevention Fintech Feedzai Joins Global Anti-Scam Alliance

Feedzai, a key player focused on fighting financial crime with AI, has joined the Global Anti Scam Alliance (GASA) – a not-for-profit organisation whose goal is “to protect consumers across the world from scams – as a corporate member.” GASA brings together governments, law enforcement,… Read More

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