Embattled artificial intelligence startup Perplexity is reportedly ready to run advertisements on its search app. The AI company is circulating a pitch deck, touting the reach and use of its app, which has been downloaded more than 2 million times and has 230 million monthly...
OpenAI launched fine-tuning for GPT-4o, saying this capability allows developers to increase performance and accuracy for their applications. The feature launched Tuesday (April 20) and is available to all developers on all paid usage tiers, the company said in a Tuesday blog post. “Developers can...
Kobalt Labs, which offers an artificial intelligence-powered copilot for risk and compliance teams, joined the Treasury Prime Partner Marketplace. Banks using Treasury Prime’s embedded banking software can now use the Kobalt Labs solution to better manage their third-party diligence with AI, the companies said in...
Leaders of the House Financial Services Committee (HFSC) called on the Treasury Department to focus on the potential benefits of artificial intelligence as the department considers how to regulate the use of the technology. HFSC Chairman Patrick McHenry of North Carolina and all six subcommittee...
From MIT’s artificial intelligence risk database to Google’s enhanced AI assistants, the tech world is abuzz with AI developments promising progress and potential pitfalls. As companies like Anthropic and Google roll out efficiency-boosting features, regulatory bodies from the Federal Communications Commission to the Consumer Financial...
GE HealthCare’s July partnership with Amazon Web Services to develop artificial intelligence tools for medical data analysis signals a growing push to harness AI in decoding healthcare’s vast, underused information. In clinical settings, AI is making inroads through advanced notetaking systems. These tools use natural...
A bill in California would require artificial intelligence companies to conduct tests to prevent “catastrophic harm.” However, AI firms are trying to curtail the legislation, saying it would damage their industry, The Wall Street Journal (WSJ) reported Wednesday (Aug. 7). The bill, SB 1047, requires...
The landscape of payments fraud is undergoing a shift as traditional detection methods become increasingly inadequate against sophisticated fraud schemes. Conventional rules-based systems, relying on static rules and predefined patterns, are falling short in adapting to the dynamic tactics of modern fraudsters. Enter generative artificial...
Zest AI unveiled a tool to identify fraudulent activity during the loan decisioning process. Zest Project is designed to use artificial intelligence to respond to the 69% increase in fraud cases — per the Federal Trade Commission — witnessed by community banks and credit unions...
