Finance

28 Posts

AI & Banking Progress Report: New report on the AI capabilities of major banks
Finance

AI & Banking Progress Report: New report on the AI capabilities of major banks

One bank towers above the competition when it comes to AI, a recent study suggests. A report from market research firm Evident Insights measures use of AI by the banking industry.
Crystal Ball for Interest Rates: JPMorgan trained AI to interpret the Federal Reserve.
Finance

Crystal Ball for Interest Rates: JPMorgan trained AI to interpret the Federal Reserve.

One of the world’s largest investment banks built a large language model to map cryptic government statements to future government actions. JPMorgan Chase trained a model based on ChatGPT to score statements by a United States financial regulator according to...
DoNotPay's system that autonomously navigates phone menus and converses with customer service representatives working
Finance

Your Personal Deepfaked Agent: This GPT-powered voice tool will talk to customer service for you.

Hate talking to customer service? An AI-powered tool may soon do it for you. Joshua Browder, chief executive of the consumer advocacy organization DoNotPay, demonstrated a system that autonomously navigates phone menus and converses...
FTX logo drowning in a sea full of dollars
Finance

Cryptocurrency Unsafe for AI: How FTX's collapse impacts AI.

The demise of cryptocurrency exchange FTX threatens funding for some teams devoted to AI safety. FTX, the $32 billion exchange that plunged into bankruptcy last month amid allegations of fraud, had given or promised more than $530 million to over 70 AI-related organizations.
Some results from a study performed by the market analyst Forrester
Finance

What Businesses Want from AI: What Business Managers Want from AI

In a new report, business leaders share their machine-learning successes and struggles. Many businesses plan to increase their use of machine learning, but their efforts so far don’t always yield the results they seek.
CB Insights list of 100 notable AI startups
Finance

Standout Startups: The Top 100 AI Startups off 2022

AI startups are creating high value across a wide variety of industries. CB Insights, which tracks tech startups, published the latest edition of the AI 100, its annual list of 100 notable AI startups.
Excerpts from a true-or-false questionnaire related to AI
Finance

U.S. Adults Fail AI 101

Most Americans don’t understand AI, according to a new survey. Only 16 percent of adults in the United States got a passing grade on a true-or-false questionnaire of AI’s capabilities and uses.
Matt Zeiler
Finance

Matt Zeiler: Advance AI for good

There’s a reason why artificial intelligence is sometimes referred to as “software 2.0”: It represents the most significant technological advance in decades. Like any groundbreaking invention, it raises concerns about the future, and much of the media focus is on the threats it brings.
Series of videos showing AI-powered surveillance inside a bank
Finance

Banking on Computer Vision: How banks are using AI to boost security and productivity.

AI-powered surveillance is becoming a staple in U.S. banks. Several banks are using cameras equipped with computer vision to bolster security and boost employee productivity, according to Reuters.
Graph showing key AI characteristics
Finance

On Her Majesty’s Secret Algorithm: How the UKs GCHQ will use AI to augment intelligence ops.

The UK’s electronic surveillance agency published its plan to use AI. Government Communications Headquarters (GCHQ) outlined its intention to use machine learning to combat security threats, human trafficking, and disinformation — and to do so ethically — in a new report.
Some findings from a study by the U.S. nonprofit National Bureau of Economic Research.
Finance

Annual Report, Robot Edition: The rise of machine readable financial reports

Corporations are tailoring their financial reports to be read by machines. Automated systems download far more company financial reports than humans, according to a study by the U.S. nonprofit National Bureau of Economic Research.
Results of Algorithmia's survey of 750 business leaders
Finance

Enterprise AI on the Rise: A 2021 survey of how business leaders are using AI.

A survey of AI in large companies sees boom times ahead — if AI teams can get past issues that surround implementation. Businesses of all sizes are using more machine learning, spending more on it, and hiring more engineers to wrangle it.
Graphs with data related to AI use cases
Finance

Washington Wrestles with AI: U.S. federal agencies lag at AI uptake

The U.S. government’s effort to take advantage of AI has not lived up to its promise, according to a new report. Implementations of machine learning systems by federal agencies are “uneven at best, and problematic and perhaps dangerous at worst".
Illustration of a neighborhood haunted by an evil pumpkin and a black cat
Finance

Giant Models Bankrupt Research: Will training AI become too expensive for most companies?

What if AI requires so much computation that it becomes unaffordable?The fear: Training ever more capable models will become too pricey for all but the richest corporations and government agencies. Rising costs will
Woman with plenty of shopping bags
Finance

Credit Where It’s Due: How Visa powers real-time credit card approval with AI

A neural network is helping credit card users continue to shop even when the lender’s credit-approval network goes down. Visa developed a deep learning system that analyzes individual cardholders’ behavior in real time to predict whether credit card transactions should be approved or denied.
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