Collaborates with Microsoft for AI Platform

  • “While providing both on-premises and private cloud deployments, utilizes Azure services to help secure its customer data, simplify the PPP process and differentiate the customer experience. Azure Cognitive Services and its Computer Vision OCR powers the solution’s ability to manage risk and regulatory compliance, and optimize financial crime prevention. With Microsoft as its technology collaborator, will begin rolling out its array of products.”

India will be one of world’s AI superpowers, says Microsoft’s Brad Smith

  • “Smith said Microsoft is focusing on six strategies to ensure responsible AI – to ensure AI is fair and unbiased; secure and safe; protects people’s privacy; inclusive; transparent; and accountable.
  • “These issues around facial recognition go to the heart of democratic freedoms, and it will be the world’s great democracies that need to lead the way…There should be safeguards put in place including in the law to ensure that government cannot use facial recognition in a way that would impinge on our most cherished democratic freedoms,” he added.”

China Tightens AI Export Restrictions

  • “Microsoft Corp., Walmart Inc. and Oracle Corp. have all expressed interest in the breakout app, the success of which rests on addictive video feeds powered by ByteDance’s AI-driven content-recommendation engine.
  • China announced new restrictions on artificial-intelligence technology exports that could further complicate the sale of TikTok’s U.S. operations, while intensifying the tech battle between the world’s two largest economies.”

Microsoft teamed up with OpenAI to build a massive AI supercomputer in Azure

  • “At its Build developer conference, Microsoft today announced that it has teamed up with OpenAI…to create one of the world’s fastest supercomputers
  • Microsoft says that the 285,000-core machine would have ranked in the top five of the TOP500 supercomputer rankings.
  • To be in the top five of supercomputers, a machine would currently have to reach more than 23,000 teraflops per second. It’s also worth noting that the No. 1 machine, the IBM Power System-based Summit, reaches over 148,000 teraflops”

Intelligent Automation: Getting More Bang from the Bots – CFO

  • “Survey respondents reported cost savings of roughly 20% on average over the past two years across processes in finance, human resources, supply chain and procurement, and service delivery and operations.
  • Microsoft finance has reduced by 20% the time spent compiling and validating data, which saves over 150,000 hours of work every quarter. In addition, chatbots reduce support costs by 30%.”

Intelligent Automation: Getting More Bang from the Bots