Elon Musk at the Milken Institute’s Global Conference at the Beverly Hilton Hotel on May 6, 2024 in Beverly Hills, California.Photo: Apu Gomes (Getty Images) After announcing that supercluster training has started at his “gigafactory of compute,” Elon Musk is asking if his artificial intelligence startup should get an investment from one of this other
In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Financial crime remains a challenge for financial institutions (FIs) worldwide, evolving in complexity and scale with each passing day. This shifting threat landscape means that advances and innovations designed to give detecting, preventing and combating financial crime a shot in
San Diego-based Guild Mortgage is the latest mortgage lender to announce the use of artificial intelligence (AI) to improve its operations through the launch of an in-house system. The platform, dubbed GuildGPT, is integrated into Guild’s knowledge database and allows employees to deliver customized and instant information on company products and guidelines. Since its launch
Major computer chip manufacturers like Nvidia and TSMC continued to slump Thursday as warnings from both President Biden and Republican nominee Donald Trump fueled renewed geopolitical concerns among investors. The selloff occurred after the Biden administration threatened severe restrictions on exports by foreign chipmakers to China, while former President Donald Trump rattled the market by
Cryptocurrency miners are reportedly scrambling to boost their revenues by forging deals with AI developers. As the Financial Times (FT) reported Wednesday (July 17), these miners operate vast, powerful computing sites and have struggled to turn a profit due to high energy costs and reduced rewards for mining. Now, the report says, the miners seek
This month’s list of new buys by the best mutual funds was driven once again by artificial intelligence trends. Microsoft (MSFT) and Alphabet (GOOGL) led this screen, while Nvidia (NVDA) went AWOL. Although enterprise software peer Palantir Technologies (PLTR) also made this screen, top fund managers shoveled nine times more money into ServiceNow (NOW). And
What’s Going On With Nvidia Stock On Tuesday? Artificial intelligence chip stock Nvidia Corp (NASDAQ:NVDA) saw a continued rally in 2024 as the AI frenzy is in no mood to slow down. The stock surged 167% year-to-date. Tech investor James Anderson expects Nvidia to reach a market cap of $50 trillion within the next ten
Docyt has added an “AI bookkeeper” called GARY to its digital back-office solutions for small and medium-sized businesses (SMBs). GARY is built on the Docyt AI software-as-a-service (SaaS) financial management platform that integrates expense management, revenue accounting, industry vertical reporting and financial reporting of key performance indicators (KPIs), the company said in a Tuesday (July
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced
Fabio Lattanzi Antinori questions data dynamics in society Fabio Lattanzi Antinori’s Office Party exhibition in London invites us to question the production and consumption of data, exploring power dynamics, beliefs, and the way our perception of reality is collectively shaped and disseminated within society. The artworks are inspired by the term ‘keywords’, delving into