digital transformation

FTC Chair: Immediate AI Regulation Needed to Safely Develop Industry
FTC Chair: Immediate AI Regulation Needed to Safely Develop Industry
May 03, 2023  |  artificial intelligence

Today’s ongoing digital revolution is continually transferring frontier technologies into commercial applications. If a task or process feels routine today, it will likely be the...

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Lemonade Expects Generative AI to Improve Business Processes and Profits
Lemonade Expects Generative AI to Improve Business Processes and Profits
May 03, 2023  |  artificial intelligence

Insurance company Lemonade expects generative AI to automate and improve 100 of its business processes. Lemonade — which says artificial intelligence (AI) is the foundation...

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‘Godfather’ of Neural Networks Changes His Mind About AI’s Potential
‘Godfather’ of Neural Networks Changes His Mind About AI’s Potential
May 03, 2023  |  artificial intelligence

Generative artificial intelligence (AI) captured the public imagination by trying to model and recreate it.  Now, academic and business interests are clashing around the future...

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Fraud Detection Firm BioCatch Adds Permira to Investors List
Fraud Detection Firm BioCatch Adds Permira to Investors List
May 03, 2023  |  Security & Fraud

BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel...

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Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
May 03, 2023  |  artificial intelligence

Microsoft’s chief economist says illegal artificial intelligence use is a matter of “when,” not “if.” “I am confident AI will be used by bad actors,...

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OpenEnvoy Raises $15 Million to Grow AP Automation Solution
OpenEnvoy Raises $15 Million to Grow AP Automation Solution
May 03, 2023  |  Investments

OpenEnvoy has raised $15 million in Series A financing to grow its accounts payable (AP) automation solution. The company’s platform uses artificial intelligence (AI) to...

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Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
May 03, 2023  |  Security & Fraud

Fraud is growing faster, which means organizations’ defenses need to constantly be evolving. Today’s digitized payments landscape has given bad actors an increasingly sophisticated array...

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Digital Shortens the Distance Between Accident and Auto Claims Payouts
Digital Shortens the Distance Between Accident and Auto Claims Payouts
May 03, 2023  |  Disbursements

The auto claims payment process is ripe for a technology-led overhaul. “There are inefficiencies and manual processes, and the processes are not yet fully connected,” Kelli...

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Uber One Members Drive 27% of Mobility Platform’s Gross Bookings
Uber One Members Drive 27% of Mobility Platform’s Gross Bookings
May 02, 2023  |  Ridesharing

Uber’s latest quarterly earnings results showed a continued rebound in ride-hailing, and the company’s membership program, Uber One, continued to show evidence that the “cross-selling”...

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