Technology

Technology is the sum of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation.

Source: en.wikipedia.org

Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
August 05, 2024  |  Personnel

British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI...

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Chinese AI Startup Moonshot Reaches $3 Billion Valuation
Chinese AI Startup Moonshot Reaches $3 Billion Valuation
August 05, 2024  |  Investments

Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to...

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They Said That: Notable Quotables for the Week of July 29
They Said That: Notable Quotables for the Week of July 29
August 02, 2024  |  Payments Innovation

It was the thick of earnings season this week, but that didn’t mean PYMNTS’ interviews with key executives took a break. Here are some of...

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Are Wearable Companions the Next Face of AI?
Are Wearable Companions the Next Face of AI?
August 02, 2024  |  artificial intelligence

As the tech industry pushes toward more AI interactions, a new entrant in the wearable market is raising eyebrows and questions about the future of...

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This Week in AI: From Meta’s Ads to Apple’s Mobile Makeover, Big Tech Bets Big on AI
This Week in AI: From Meta’s Ads to Apple’s Mobile Makeover, Big Tech Bets Big...
August 02, 2024  |  News

Industry giants are going all-in on artificial intelligence (AI), with Meta, Apple and Nvidia leading the charge. As the FTC ramps up oversight and ethical...

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Report: Nvidia Faces US Antitrust Probe, Says It ‘Wins on Merit’
Report: Nvidia Faces US Antitrust Probe, Says It ‘Wins on Merit’
August 02, 2024  |  ANTITRUST

Nvidia is reportedly the focus of a Justice Department antitrust investigation looking into whether the firm has abused its dominant position in the market for...

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Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
August 01, 2024  |  Payments Innovation

The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The...

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EBay Uses Pay by Bank to Reach New Gen Z Consumers
EBay Uses Pay by Bank to Reach New Gen Z Consumers
August 01, 2024  |  Earnings

As eBay looks to reach Generation Z and millennials, the online marketplace is turning to pay by bank to meet younger customers’ eCommerce expectations. On...

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Companies Assess Compliance as EU’s AI Act Takes Effect
Companies Assess Compliance as EU’s AI Act Takes Effect
August 01, 2024  |  Artificial Intelligence

The European Union’s AI Act came into force Thursday (Aug. 1), establishing the world’s first comprehensive regulatory framework for artificial intelligence and setting new compliance...

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