OpenAI to Launch More Advanced Reasoning Model
OpenAI is currently preparing to launch a new model of artificial intelligence, which, according to this startup, is capable of more advanced reasoning, similar to the human paradigm of thinking.
AI
Southeast Asia Seeks to AI Boom
Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.
Justt Raises $30 Million
Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.
Visa Acquires Featurespace to Boost Transaction Monitoring With AI
Visa has officially completed its acquisition of Featurespace, a company specialising in real-time artificial intelligence (AI) technology for payment protection, announced in September.
Accenture Beats Quarterly Revenue
Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.
China’s GenAI Sector Sees More Funding
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
Hong Kong Picks Several Banks and Tech Firms to Test GenAI in Financial Sector
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
Nvidia Presents New GenAI Tools
NVIDIA has introduced the Jetson Orin Nano Super Developer Kit along with NeMo Retriever suite of microservices – tools designed to enhance generative AI (GenAI) capabilities.
AWS to Invest $10B in AI Infrastructure in Ohio
AWS plans to strengthen its commitment to Ohio with a $10 billion investment supporting the surging demand for cloud computing and AI.
AI Startup Basis Raises $34 Million
The startup Basis, which operates in the space of the artificial intelligence industry, on Tuesday, December 17, announced that it managed to raise investments for $34 million as part of the Series A funding round.
China Seeks to Dominate in AI
China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.
Generative AI in Payments: Unlocking New Possibilities in Fintech
Generative AI is fundamentally transforming the landscape of the payments industry, offering unprecedented opportunities for businesses to expand their reach and capabilities. Through sophisticated algorithms and machine learning models, companies can now provide personalized financial services, streamline customer acquisition processes, and enhance their payment processing systems with intelligent automation features like smart invoicing and predictive […]
Fintech Market Breakthroughs 2024: A Year in Review
2024 was a challenging year for many fintech companies but it also brought a lot of encouraging results for the industry. Today, we’ll talk about the most notable fintech innovations of this year that are ushering in new opportunities for customers and businesses alike.
OpenAI Launches ChatGPT Search Features to All Users
On Monday, December 16th, OpenAI rolled out the search product for all users of its chatbot ChatGPT.
Goldman Sachs Says About Practice of Using AI by American Companies
New research from Goldman Sachs indicates that among American companies, the practice of using artificial intelligence technologies is being implemented on a limited scale and is not yet what can be described as a massive process.
Australia Develops Plan to Boost AI Investment
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
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