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Category: finance – Page 42

ChatGPT has been a topic of great discussion in academia, particularly about how to prevent its unauthorized use in classes. However, students can benefit from understanding how to use generative artificial intelligence (AI) as a tool to save time and improve performance on writing assignments.

Craig Hurwitz, an Executive in Residence in the Pratt School of Engineering, asked the graduate in his “Emerging Trends in Financial Technology (Fintech)” course to generate a first draft of an essay with ChatGPT’s help. His working assumption was that when students enter the workforce they will have access to, and the ability to use, generative AI for productivity purposes. He wanted to experiment with ChatGPT in his course to give students a first-hand look at how to use generative AI.

For the assignment, the class was instructed to read a and each chose a Fintech approach to help solve a particular challenge mentioned in the case. Their written assignment was a 750-word Executive Summary convincing the instructor (playing the role of Venture Capitalist) why he should consider meeting to discuss a potential investment.

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Founded in 2020, Moonfire Ventures has raised a $115 million second round of investment to invest in European technology and AI startups.

As reported by Reuters, a large investment fund called Moonfire Ventures has just raised $115 million to help invest in European technology and artificial intelligence (AI) startups. Founded by Atomico (a venture capital firm) co-founder Mattias Ljungman in 2020, this news will undoubtedly be welcomed by the tech industry across the continent.

“Europe has been a leader in AI, and we find our best fit is to support the next generation of founders solving some of our greatest challenges within health, work, finance, and gaming,” said Ljungman.

Continue reading “5 million raised by Moonfire Ventures for European AI startups” | >

The Forever Healthy Foundation is pleased to announce the second edition of the Rejuvenation Startup Summit, following the inaugural Rejuvenation Startup Summit in 2022 with more than 400 participants from over 30 countries. It will take place on 10–11 May 2024 in Berlin. The Rejuvenation Startup Summit is the world’s largest in-person gathering of longevity startups. It brings together startups, members of the longevity venture capital / investor ecosystem, and researchers interested in starting or joining a startup – all with the goal of accelerating the development of the rejuvenation biotech industry.

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That is, if you’re paying attention.

So Apple has restricted the use of OpenAI’s ChatGPT and Microsoft’s Copilot, The Wall Street Journal.

It’s not just Apple, but also Samsung and Verizon in the tech world and a who’s who of banks (Bank of America, Citi, Deutsche Bank, Goldman, Wells Fargo, and JPMorgan). This is because of the possibility of confidential data escaping; in any event, ChatGPT’s privacy policy explicitly says your prompts can be used to train its models unless you opt out. The fear of leaks isn’t unfounded: in March, a bug in ChatGPT revealed data from other users.

Apple’s banned the use of OpenAI — as has Samsung, Verizon, and a who’s who of banks. Should the rest of us be concerned about how our data’s getting used?

Continue reading “Big Tech is already warning us about AI privacy problems” | >

Stability AI, the AI startup behind the text-to-image model Stable Diffusion, this week announced the release of StableStudio, an open source version of DreamStudio, Stability AI’s commercial AI-powered design suite.

In a blog post, Stability AI writes that it hopes to “foster a project [that] can outpace anything developed by a single company,” alluding to recent investments in the generative AI space from tech giants like Microsoft, Google and Amazon.

“We believe the best way to expand upon that impressive reach is through open, community-driven development rather than a private iteration of a closed-source product,” Stability AI said. “Our goal is to work with the broader community to create a world-class user interface for generative AI [that] users fully control.”

DreamStudio was first imagined as an animation studio for the open source generative AI art model Disco Diffusion. Focus shifted last year toward image generation with the arrival of Stable Diffusion, which brought DreamStudio more in line with rival generative image platforms like MidJourney and Nightcafe.

The differences between StableStudio and DreamStudio are relatively minor. StableStudio doesn’t have DreamStudio branding or Stability-specific account features, like billing and API management, and API calls on the backend have been replaced by a plugin system.

Continue reading “Stability AI Releases StableStudio, the Open-Source Future of DreamStudio” | >

ChatGPT’s capabilities in comparison are miniscule even when using GPT-4.

Claude AI, the ChatGPT-rival from Anthropic, can now comprehend a book containing about 75,000 words in a matter of seconds. This is a huge leap forward for chatbots as businesses seek technology that can churn out large pieces of information quickly.

Since the launch of ChatGPT, we have also seen companies such as Bloomberg and JP Morgan Chase look to leverage the power of AI to make better sense of the finance world. While this process has taken them at least a few months, Anthropic, with its Claude AI, can reduce the time taken to just a few seconds.

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We’re currently working with companies that develop software and tools that make surgery smarter and safer while they empower surgeons and providers to improve patient outcomes, enhance operational efficiency and increase profitability with data-driven surgery using AI, automation and operating room analytics. This is where analytic components such as data lakes and warehouses are already making a difference in healthcare. We’ve seen them capable of powering millions of facts and patient records at a time. Tied to expertise, these tools allow data-informed decisions for measurable improvements in clinical, financial and operational aspects.

For instance, we’ve helped design and develop surgical applications to improve operating room efficiency, tele-surgery, data lake construction and surgical analytics. Clients come back with feedback on our skills and technical experience, feeling supported by the flexibility and technical boost we give their teams.

Collaboration between technology outsourcing companies and healthcare providers can result in considerable optimization, including improved patient care and maximized processes. Tech providers can strive for the perfect collaborative balance with the above key conversations while boosting robust ecosystems, shared platforms and data.

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