digital transformation

Anthropic Raises $450 Million for ‘Honest’ AI Systems
Anthropic Raises $450 Million for ‘Honest’ AI Systems
May 24, 2023  |  artificial intelligence

Artificial intelligence (AI) firm Anthropic has raised $450 million to develop its AI assistant. The Series C round, announced Tuesday (May 23), comes amid a...

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How Could Generative AI Change Payments Processing?
How Could Generative AI Change Payments Processing?
May 24, 2023  |  artificial intelligence

While generative artificial intelligence (AI) makes headlines, the technology has for years been driving efficiencies. Particularly within the payments space. Already, automated machine learning (ML) and predictive...

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Shutterstock to Acquire Giphy From Meta for $53 Million
Shutterstock to Acquire Giphy From Meta for $53 Million
May 23, 2023  |  Acquisitions

Shutterstock plans to acquire Giphy from Meta Platforms for $53 million. The announcement comes seven months after Meta said it would sell Giphy, which it bought for $315 million in 2020 following an order...

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Builder.ai Raises $250 Million Amid Surge in AI Investments
Builder.ai Raises $250 Million Amid Surge in AI Investments
May 23, 2023  |  Investments

London’s Builder.ai has raised $250 million to expand its artificial intelligence (AI)-powered software platform. The Series D funding round was led by the Qatar Investment Authority and will allow the company...

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Generative AI Fabrications Are Already Spreading Misinformation
Generative AI Fabrications Are Already Spreading Misinformation
May 23, 2023  |  Artificial Intelligence

As buzz around generative artificial intelligence (AI) grows, critics have called for more guardrails. Observers are particularly worried about the potentially harmful effects of the landmark technology’s ability...

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Google Turns Product Images Into Merchant Sales Using Generative AI
Google Turns Product Images Into Merchant Sales Using Generative AI
May 23, 2023  |  artificial intelligence

Shopping has evolved into an activity that can take place anytime and anywhere. As a result, businesses face a perpetual challenge in distinguishing themselves and...

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AI Fuels Farfetch’s Return to Growth
AI Fuels Farfetch’s Return to Growth
May 23, 2023  |  Retail

After experiencing two consecutive quarters of sales decline, Farfetch has experienced a remarkable turnaround, as indicated by its first-quarter 2023 earnings report. The online luxury retailer...

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OpenAI Seeks International Governance of Most Powerful AI Systems
OpenAI Seeks International Governance of Most Powerful AI Systems
May 22, 2023  |  artificial intelligence

OpenAI wants the development of artificial intelligence (AI) to include widespread input and regulation. Greg Brockman, the president of the ChatGPT creator, said Monday (May 22)...

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JPMorgan On Track to Deliver $1 Billion in Value Through AI
JPMorgan On Track to Deliver $1 Billion in Value Through AI
May 22, 2023  |  Banking

For J.P. Morgan, and as evidenced at its investor day on Monday (May 22), a few things remain the same. CEO Jamie Dimon will remain at the...

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