Latest Artificial intelligence News: Finextra Research

ChatGPT investment fund smashes the UK's ten most popular funds

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value over the same time period.

02 May 2023

Company update/crypto

Crypto.com pilots AI crypto companion for investors

Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, is furthering its innovation pipeline by introducing its first-ever Artificial Intelligence (AI) powered-initiative, Amy. Crypto.com is initially piloting Amy to gather learnings before expanding this and future AI-powered capabilities more broadly.

02 May 2023

News/regulation

Generative AI governance targeted in proposed EU rules

The EU’s AI Act has been pushed through to the trilogue stage after nearly two years of drafting. The draft includes requirements for generative AI tools, like ChatGPT, to disclose the copyrighted material used in developing their programmes.

28 April 2023

News/markets

Amazon stock plummets amid cloud slowdown

Amazon reported that its cloud growth has slowed, as business customers reduce spending amid market uncertainty.

28 April 2023

Company update/crypto

Binance launches AI-driven Web3 education tool

Binance Academy, a leading Web3 education platform by Binance, the world’s largest crypto exchange, has launched Binance Sensei, a new innovative AI-driven learning tool for free education on Web3, blockchain, and crypto. To elevate the user learning experience, Binance Sensei aims to transform how users explore and interact with educational content, ensuring a more engaging process.

28 April 2023

Company update/retail

Techcombank and Personetics partner for AI-driven money management

Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) has announced a new partnership with Personetics, the global leader in financial data-driven personalization and customer engagement for financial services, to introduce artificial intelligence (AI)-powered money management capabilities.

28 April 2023

News/markets

JPMorgan uses ChatGPT to analyse Fed speeches - Bloomberg.

JPMorgan has built a ChatGPT-based language model to analyse Federal Reserve statements and speeches in an effort to sniff out potential trading signals.

27 April 2023

Company update/sustainable

ZestyAI launches risk analytics tech for severe convective storms

Today, ZestyAI, the leading provider of climate and property risk analytics solutions powered by Artificial Intelligence (AI), announced that severe convective storms have joined the growing list of perils addressed by the company’s risk analytics platform.

26 April 2023

News/retail

Klarna unveils AI-powered personalised shopping feed

Klarna continues to broaden its scope beyond BNPL, unveiling an AI-powered shopping feed, a "personal shopper" and new selling tools for retailers and creators.

25 April 2023

Company update/retail

PaymentsComponents unveils AI assistant for bankers

PaymentComponents, a leading provider of payment software solutions, today announced the launch of FINaplo.AI, an innovative platform that uses Artificial Intelligence to assist bankers in managing their everyday activities in a completely new way.

25 April 2023

News/devops

Jeremy Hunt dismisses AI warnings and insists UK leads the AI race

Chancellor Jeremy Hunt waved away concerns on rapid AI development at a Politico event in London on Wednesday, and insisted that the UK needs to step up in the global AI race.

21 April 2023

News/devops

AI race in full gear as Alphabet forms new AI-focused division

Alphabet Inc., Google’s parent company, is merging two AI-focused research divisions, Google Brain and DeepMind, to keep up the pace with competing AI developments.

21 April 2023

Research/Artificial intelligence

Embracing Technology to shape the Future of Digital Banking

20 April 2023 603 downloads

News/startups

Triver raises £7 million to provide SMEs with instant capital

Triver, a London-based startup that uses open banking data and AI to provide short-term working capital to SMEs, has raised £7 million in seed funding.

19 April 2023

News/startups

AI-powered SMB credit advisor raises $3.5m

AI-powered SMB credit advisor startup Charm Solutions has raised $3.5 million in a seed round led by BootstrapLabs.

19 April 2023

Company update/markets

GitLab runners for AI/ML available for oracle users

GitLab Inc., the most comprehensive DevSecOps platform for software innovation, and Oracle Corporation, a global technology leader, today announced the general availability of a new offering that expands shared artificial intelligence (AI) and machine learning (ML) functionalities.

18 April 2023

Company update/retail

Personetics inks deal with Vietnam's Techcombank

Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) today announced a new partnership with Personetics, the global leader in financial data-driven personalization and customer engagement for financial services, to introduce artificial intelligence (AI)-powered money management capabilities.

18 April 2023

Finextra TV/cloud

Unlocking the Value of Generative AI & Large Language Models

Speaking to FinextraTV, Jerry Haywood, CEO, boost.ai, discusses harnessing the power of Generative AI and how financial services can leverage large language models and Conversational AI to innovate within the industry.

18 April 2023

News/devops

IFGS 2023: Andrew Griffith MP announces AI and open finance ambitions for UK

Economic secretary to the Treasury, Andrew Griffith MP, spoke in a keynote speech outlining the government’s ambitions for the fintech industry during day one of the Innovate Finance Global Summit 2023.

18 April 2023

News/regulation

ChatGPT's AI privacy concerns the subject of new EU taskforce

The European Data Protection Board (EDPB), a body of Europe’s national privacy watchdog, has formed a ChatGPT taskforce to establish privacy guidelines on the AI platform.

14 April 2023