Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and limited adaptability. Predictive artificial intelligence (AI) improves on this by reducing false positives and adapting to new schemes using machine...
What’s the most precious resource for a small business? Arguably, there are three: capital, customers and time. Artificial intelligence is emerging as a technology that can act as a triple threat, addressing all three of these resources and making a small business look bigger in...
OpenAI and Time announced a multi-year content partnership. The tie-up will give OpenAI access to Time’s current and past content from its 101-year-old archive, allowing the tech firm to cite the publication as a source of information in response to user queries on ChatGPT, according...
The key ingredient to success is often collaboration among businesses. With news that Verituity raised $18.8 million to support the growth of its verified payout platform, knowing and validating who they are doing business with is top of mind for B2B firms. B2B onboarding and...
The artificial intelligence boom is reshaping the technology landscape as industry giants Broadcom, Oracle and Samsung make moves to capitalize on the demand for AI chips and cloud computing resources. From soaring stock prices to ambitious sales targets and chip technologies, these companies are positioning...
As the business landscape grows more digitally connected, real-time compliance is growing more important. Citi announced Wednesday (June 12) that Emirates NBD became the first bank to use its 24/7 USD Clearing service to make cross-border payments in U.S. dollars available to their corporate and...
An increasing number of artificial intelligence founders want to sell their firms. That’s according to Clément Delangue, co-founder and CEO of AI startup Hugging Face, which agreed to acquire a smaller company called Argilla for $10 million, Bloomberg reported Thursday (June 13). Hugging Face already...
OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight. The multibillion-dollar AI startup aims to have 50 members on its global affairs team by year’s end, up from three at the start of 2023 and 35 currently, the...
Trustly unveiled an artificial intelligence-powered recurring payments solution that is designed to streamline subscription payments. By automating these payments, the new Trustly Recurring Payments aims to minimize churn and reduce fraud and payment failures, the company said in a Thursday (June 13) press release emailed...
