Tag: AI
Companies aren’t spending big on AI. Here’s why that cautious approach makes sense
“’What we are seeing is actually quite an uptake,’ says White, who says interest in AI is at the research rather than the production stage. Around half of companies (49%) are piloting or conducting a small-scale implementation of AI, and a third are exploring generative AI. ‘And that’s exactly what we saw when cloud started…
The future of banking is AI
“AI algorithms can identify correlations between different types of data and discover insights that would otherwise go unnoticed. ‘This makes it possible to uncover valuable trends and new opportunities more quickly than ever before,’ he adds. Think about it like this: ‘Using AI and machine learning, these organizations can monitor for specific activities, like marriage,…
Elon Musk does not want people to have a bank account, says X will take care of all financial needs
“As per The Verge report, X will be able to take care of anything financial by the end of 2024. According to an audio of the meeting obtained by the company, Musk told his employees, ‘When I say payments, I actually mean someone’s entire financial life. If it involves money. It’ll be on our platform….
A White House executive order is rumored to shake up the AI industry — 3 things to expect
“Details about the order are yet to be finalized and made public, but according to The Washington Post, the White House sent out invitations to an event next week about the administration’s approach to AI. The order is expected build on “voluntary commitments” from leading AI companies to ensure the technology is built safely, responsibly,…