“Fritz AI, a startup providing an AI and machine learning development platform for Android and iOS, today announced that it has raised $5 million. In a recent study conducted by IDC analysts, only 25% of organizations said they’d successfully adopted an enterprise-wide AI strategy The company has a rival in Polarr, which last year raised…
Tag: machine learning
Inspired By Legos, YAP Breaks Down Banking Into AI-Based API Modules
“YAP aims to power next-generation banking and payment products through its API engine It is backed by angel investors like Kunal Shah, Amrish Rau, among others With $2 Bn in transactions in 2019, it aims to touch 500 fintech companies in 2020” https://inc42.com/startups/inspired-by-legos-yap-breaks-down-banking-into-ai-based-api-modules/
Super Size: Digital Bank Market to Top $578 Billion by 2027
“The global neo and challenger bank market is projected to reach a valuation of approximately $578 billion by 2027, at a compounded annual growth rate (CAGR) of about 46.5% from 2019 to 2027. As mentioned in the report, the global neo and challenger bank market was worth only around $18.6 billion back in 2018 Neobanks…
A hybrid AI model lets it reason about the world’s physics like a child
“As children, we learn to observe the world around us, infer why things happened and make predictions about what will happen next. These predictions help us make better decisions, navigate our environments, and stay safe. Replicating that kind of causal understanding in machines will similarly equip them to interact with the world in a more…
Human ‘I’: The key to conversational AI in banking
“Think chatbots, intelligent virtual assistants, and digital employees. These and other related technologies enable computers to engage in dialogue with people in natural ways using conversational artificial intelligence (CAI). What level of CAI is right for my bank? Scripted bots – A scripted bot provides static responses to scripted, keyword-based questions or statements. Contextual bots…