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Latest Results from /ai

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FundOnion launches business finance comparison site

An AI-backed finance comparison site, called FundOnion, has launched to help small businesses in the UK find funding.

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73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.

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Ousted OpenAI boss to work for Microsoft

Sam Altman, the former CEO of OpenAI, the developer of generative AI platform ChatGPT, has resurfaced at Microsoft just days after he was pushed out by the board of directors.

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EC makes supercomputers widely accessible to foster AI development

The European Commission has opened access to EU supercomputers to bolster AI development and push AI initiatives.

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Alibaba backtracks on cloud division split amid global uncertainties

Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.

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JPMorgan Chase tops bank AI index

JPMorgan Chase is the world's top bank for artificial intelligence maturity, with Capital One and Royal Bank of Canada hot on its heels but European lenders lagging behind, according to the annual Evident AI Index.

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Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

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Lynx raises $18m for AI-powered fraud fighting tech

Lynx, a Madrid-based firm using AI to detect and prevent fraud and financial crimes, has raised $!8 million in Seres A funding.

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CBA to release AI source code for countering abusive transaction messages

Commonwealth Bank of Australia is to make its artificial intelligence and machine learning techniques for countering abusive transaction messages available for free, to any bank in the world.

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IBM on how banks are starting to embrace generative AI

Earlier this week, NatWest announced its collaboration with IBM to add generative AI to their chatbot Cora, making it Cora+.

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Stripe vets launch AI-powered wealth management platform

Technology veterans with stints at Stripe and Square on their CVs have raised $3.1 million for a new AI-powered wealth management platform.

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Visa launches AI advisory practice

Visa has launched an advisory practice to help clients unlock the potential of artificial intelligence.