GenAI

AI Sector Takes Aim at California Safety Bill
AI Sector Takes Aim at California Safety Bill
August 08, 2024  |  Artificial Intelligence

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,...

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GenAI Tools Show Promise of Reducing Payments Fraud by 85%
GenAI Tools Show Promise of Reducing Payments Fraud by 85%
August 08, 2024  |  Artificial Intelligence

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...

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Zest AI Launches Fraud Detection Solution
Zest AI Launches Fraud Detection Solution
August 07, 2024  |  Artificial Intelligence

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...

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Wendy’s Purchasing Co-op to Deploy Palantir’s AI-Powered Supply Chain Solutions
Wendy’s Purchasing Co-op to Deploy Palantir’s AI-Powered Supply Chain Solutions
August 07, 2024  |  Artificial Intelligence

Wendy’s Quality Supply Chain Co-op (QSCC), a purchasing cooperative that services more than 6,400 Wendy’s restaurants in the United States and Canada, teamed with Palantir...

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Contextual AI Raises $80 Million to Scale Enterprise AI Platform
Contextual AI Raises $80 Million to Scale Enterprise AI Platform
August 05, 2024  |  artificial intelligence

Contextual AI has raised $80 million in a Series A funding round to scale operations and accelerate the go-to-market for its production-grade large language models...

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ThredUp CEO: It Will Be a While Before Shoppers Splurge Again
ThredUp CEO: It Will Be a While Before Shoppers Splurge Again
August 05, 2024  |  Earnings

Amid revenue declines, ThredUp is not anticipating the financial pressure that consumers are feeling let up any time soon. The online consignment and thrift store...

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Wix Becomes First Google Partner Offering Gemini for Workspace
Wix Becomes First Google Partner Offering Gemini for Workspace
August 05, 2024  |  Google

Software-as-a-Service platform Wix has begun offering its customers access to Google’s Gemini for Workspace artificial intelligence (AI) tool. “Over the last decade, Wix augmented their...

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ThredUp Adds AI Tools to Fashion Resale Platform
ThredUp Adds AI Tools to Fashion Resale Platform
August 05, 2024  |  Retail

Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search,...

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Report: OpenAI Backer Thrive Capital Raises $5 Billion
Report: OpenAI Backer Thrive Capital Raises $5 Billion
August 05, 2024  |  Investments

Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds. The fundraising is a sign that the artificial intelligence boom is...

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