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Archive for the ‘finance’ category: Page 19

Jul 4, 2023

Microsoft’s light-based computer marks ‘the unravelling of Moore’s Law’

Posted by in categories: computing, finance

Presenting its findings as “Unlocking the future of computing” Microsoft is edging ever closer to photon computing technology with the Analog Iterative Machine (AIM). Right now, the light-based machine is being licensed for use in financial institutions, to help navigate the endlessly complex data flowing through them.

According to the Microsoft Research Blog, “Microsoft researchers have been developing a new kind of analog optical computer that uses photons and electrons to process continuous value data, unlike today’s digital computers that use transistors to crunch through binary data” (via Hardware Info).

Jul 4, 2023

Artificial intelligence fueling a rise of sextortion cases

Posted by in categories: cybercrime/malcode, education, finance, robotics/AI

PORTSMOUTH, Va. (WAVY) – Artificial intelligence is already revolutionizing society – from healthcare and education to cybersecurity and even our courts. Despite all of its benefits, it has also given criminals an edge when it comes to deceiving us.

Financial sextortion is a crime in which a bad actor attempts to leverage personal material (think: naked pictures or videos) to force a victim into giving into their demands — usually money or other compromising material.

Jun 29, 2023

Elon Musk Announces 5 NEW Teslas For 2023

Posted by in categories: Elon Musk, finance, sustainability, transportation

Elon Musk Announces 5 NEW Teslas For 2023:- Tesla company has achieved remarkable growth in recent years with just four vehicles in its lineup: the Model S midsize sedan, Model X midsize crossover, Model 3 compact sedan and Model Y compact crossover.

Combined, those four nameplates now dominate the U.S. luxury car segment and top the EV charts. Tesla is the second-best-selling brand after Toyota in California, which often sets future-product trends for the nation. But Tesla fans are clamoring for more. And financial analysts watching Tesla stock warn of growing competition.

Continue reading “Elon Musk Announces 5 NEW Teslas For 2023” »

Jun 27, 2023

Ramp’s Acquisition Of Cohere.io Signals The Rise Of Generative AI In Customer Support

Posted by in categories: business, finance, robotics/AI

The finance automation platform Ramp has acquired Cohere.io, an AI-powered customer support platform. The acquisition marks Ramp’s first foray into the world of generative AI, which is a sign of the growing importance of this technology in the finance industry. This is also a significant milestone for Ramp, as it is the company’s second acquisition since its inception in 2019 and the first since it purchased Buyer, a “negotiation-as-a-service” platform, in August of 2021.

Ramp is a technology business that specializes in corporate credit cards and cost management in the financial technology (fintech) sector. The company was founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh and is… More.


In addition to improving the quality of customer support, generative AI is also likely to lead to new innovations in customer support. For example, generative AI could be used to create chatbots that are capable of having natural conversations with customers. This could help businesses provide customer support 24/7 while reducing the cost of support.

Continue reading “Ramp’s Acquisition Of Cohere.io Signals The Rise Of Generative AI In Customer Support” »

Jun 24, 2023

Money Expert Jaspreet Singh Says You Can Use ChatGPT To Become a Millionaire — Here’s How

Posted by in categories: economics, finance

Using ChatGPT can put you on the path to becoming a millionaire, according to a YouTube video from personal finance expert Jaspreet Singh.

Jun 24, 2023

Natural Language Programming AIs are taking the drudgery out of coding

Posted by in categories: computing, finance, internet, space

“Learn to code.” That three-word pejorative is perpetually on the lips and at the fingertips of internet trolls and tech bros whenever media layoffs are announced. A useless sentiment in its own right, but with the recent advent of code generating AIs, knowing the ins and outs of a programming language like Python could soon be about as useful as knowing how to fluently speak a dead language like Sanskrit. In fact, these genAIs are already helping professional software developers code faster and more effectively by handling much of the programming grunt work.

Two of today’s most widely distributed and written coding languages are Java and Python. The former almost single handedly revolutionized cross-platform operation when it was released in the mid-’90s and now drives “everything from smartcards to space vehicles,” as Java Magazine put it in 2020 — not to mention Wikipedia’s search function and all of Minecraft. The latter actually predates Java by a few years and serves as the code basis for many modern apps like Dropbox, Spotify and Instagram.

They differ significantly in their operation in that Java needs to be compiled (having its human-readable code translated into computer-executable machine code) before it can run. Python, meanwhile, is an interpreted language, which means that its human code is converted into machine code line-by-line as the program executes, enabling it to run without first being compiled. The interpretation method allows code to be more easily written for multiple platforms while compiled code tends to be focused to a specific processor type. Regardless of how they run, the actual code-writing process is nearly identical between the two: Somebody has to sit down, crack open a text editor or Integrated Development Environment (IDE) and actually write out all those lines of instruction. And until recently, that somebody typically was a human.

Jun 22, 2023

The World’s Financial Architecture Is Failing Africa

Posted by in categories: finance, sustainability

The United Nations Secretary General, António Guterres, recently sounded an ominous alarm bell. The Sustainable Development Goals, which aim to significantly reduce poverty around the world and create a better quality of life for all, are off track, he warned.

And so French President Emmanuel Macron called a global conference in Paris this month to address getting the 2030 SDG targets back on course. As world leaders from Barbados to Kenya to Germany gather, there are seven things they must focus on. This blueprint for prosperity is too important to let slide.

Jun 18, 2023

Tesla discounts Model S/X $8,000, plus 3 years of free Supercharging in end-of-quarter push

Posted by in categories: finance, sustainability, transportation

Tesla has added a discount to the new inventory of Model S and Model X vehicles and three years of free Supercharging for deliveries by the end of the quarter.

With the end of the quarter approaching, Tesla is looking to deliver better-looking financial results by not ending it with many vehicles in inventory.

To achieve this, Tesla has regularly applied special discounts or incentives to take delivery of new inventory vehicles by the end of the quarter.

Jun 18, 2023

Is the AI stock boom a dot-com-style bubble? David Rosenberg, Jeremy Siegel, and 5 other experts weigh in

Posted by in categories: finance, robotics/AI

Experts including David Rosenberg and analysts from Wall Street banks including Bank of America have compared the AI stock boom to the dot-com bubble that burst in 2000.

Jun 11, 2023

Technology For Technology’s Sake Is The Downfall Of The CIO

Posted by in categories: business, finance, robotics/AI

A unique use case for AI is around enhanced transaction monitoring to help combat financial fraud. Traditional rule-based approaches to anti-money laundering (AML) use static thresholds that only capture one element of a transaction, meaning they deliver a high rate of false positives. Not only is this hugely inefficient, but it can also be very demotivating for staff. With AI, multiple factors can be reviewed simultaneously to extract a risk score and develop an intelligent understanding of what risky behavior looks like. A feedback loop based on advanced analytics means that the more data is collected, the more intelligent the solution becomes. Pinpointing financial crime becomes more efficient and employees also benefit from more free time to focus efforts on other areas of importance like strategy and business development.

Thanks to its ever-increasing applications to evolving business challenges, regulators and financial institutions can no longer turn a blind eye to the potential of AI, with the power to revolutionize the financial system. It presents unique opportunities to reduce the capacity for human error, costing highly regulated industries billions each year.

What’s clear is that some technologies will, over time, become too difficult to ignore. As we saw with the adoption of the cloud, failure to embrace innovative technologies means organizations will get left behind. The cloud was once a pipedream, but now it’s a crucial part of all business operations today. Businesses implemented (or are in the process of implementing) huge digital transformation projects to migrate business processes to the cloud. Similarly, new organizations will kickstart their businesses in the cloud. This is a lesson that technologists must remain alert and continue to keep their finger on the pulse when it comes to incorporating fresh solutions.

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