The utility of artificial intelligence (AI) is often forgotten amid the hysteria swirling around it. But in a world where technology is advancing at an unprecedented pace, that utility can be transformative. “When you think about financial services, the [immediate use case] is obviously fraud protection,” Jeremiah Lotz,...
The heads of Meta and OpenAI have shown support for government artificial intelligence (AI) regulations. Meta CEO Mark Zuckerberg and Sam Altman, chief executive of OpenAI, voiced their support for state-sponsored AI guidance following discussions with European Commissioner Thierry Breton, Bloomberg News reported Friday (June 23). Breton said he and...
J.P. Morgan reportedly expects cybersecurity spending to remain stronger than that of other IT sectors. While interest rates and macro uncertainty are limiting the multiples of stocks in the security sector, those multiples have improved more than those of other parts of the software sector,...
Despite acknowledging the potential dangers of rapidly progressing AI technology, Sam Altman, the head of ChatGPT parent OpenAI, has argued that the benefits outweigh the costs. In an interview Thursday (June 22) at the Bloomberg Technology Summit in San Francisco, Altman addressed growing concern about the rapid progress of artificial...
Dropbox has announced on Wednesday (June 21) the launch of its new AI-powered products, Dropbox Dash and Dropbox AI, to help customers search, organize and gain insights from their cloud content. “We’re excited to roll out Dropbox Dash, AI-powered universal search, and Dropbox AI for...
JPMorgan Chase has appointed Teresa Heitsenrether as the head of a new data and analytics unit, according to a Reuters report on Wednesday (June 21). This move is part of the bank’s larger push towards artificial intelligence (AI), which CEO Jamie Dimon has deemed critical...
China is likely to try to steal intellectual property about artificial intelligence (AI), a U.S. ambassador said Wednesday (June 21). Nathaniel Fick, ambassador at large for cyberspace and digital policy, said at a Hudson Institute forum that China built wireless networks and become globally competitive by way...
Some states are making laws regarding deepfakes even as the federal government remains deadlocked. Nine states have enacted laws regulating deepfakes — audio and visual forgeries created with artificial intelligence (AI) — and at least four are considering bills that would do so, Bloomberg reported Tuesday...
Providing artificial intelligence (AI) tools to independent investors is the current project of former FTX US President Brett Harrison. Harrison’s new company, Architect Financial Technologies, aims to equip “sophisticated individual investors” with institutional-grade trading software and with ChatGPT integrations that will help them execute complex trading strategies,...
