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.
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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.
Liquid AI Closes $250 Million Early-Stage Funding Round
Liquid AI, a startup operating in the area of generative artificial intelligence, announced on Friday, December 13, that it closed a $250 million early-stage funding round led by chip manufacturer Advanced Micro Devices (AMD).
Meta Releases New AI Model
Meta last Thursday, December 12, announced that it was releasing a new artificial intelligence model called Motivo, which can control the movements of a human-like digital agent and potentially enhance the Metaverse experience.
AI Startup Vapi Raises $20 Million
Vapi startup, which is based in San Francisco and helps businesses to deploy voice agents powered by artificial intelligence, on Thursday announced that it had raised investments worth $20 million.
Adobe to Boost Firefly AI Platform With Video Generation
Adobe plans to leverage new AI video generation technology to create new pricing tiers in its Creative Cloud offerings.
Can AI Help People Improve Their Lifestyles and Boost Motivation?
As the new year approaches, many of us are already coming up with 2025 resolutions. However, statistically, more than 90% will fail to fulfil them either entirely or partially. Almost half have already quit by the end of January. Lack of motivation and challenges faced on the way to one’s dreams are often insurmountable obstacles. […]
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