Tagged: generative ai

November 7, 2023 @ 9:53 pm By Omar Faridi  |  

NatWest and IBM (NYSE: IBM) announced enhancements to the bank’s virtual assistant, Cora, that will use generative AI to provide customers with access to a wider range of information through conversational interactions. The bank will be among the first in the UK to deploy generative… Read More

November 5, 2023 @ 3:42 pm By Omar Faridi  |  

Guidde, the video documentation platform harnessing generative AI, today announced a $11.6 million Series A funding round led by Norwest Venture Partners, joined by existing investors Entrée Capital, Honeystone Ventures, Crescendo Ventures, and new investor Tiferes Ventures. The Series A investment round comes “within a… Read More

November 3, 2023 @ 10:40 am By Omar Faridi  |  

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way. Justin DiPietro, Co-Founder and Chief Strategy Officer of… Read More

October 19, 2023 @ 9:59 pm By Omar Faridi  |  

Nubank (NYSE:NU) is starting to test this week a new solution that applies generative artificial intelligence as a virtual assistant to further enhance customer service. In this initial stage, the AI solution will “focus on presenting personalized possibilities related to credit granting within the Nubank… Read More

October 4, 2023 @ 11:11 am By Omar Faridi  |  

Intesa Sanpaolo, Italy’s bank and reportedly among the “largest” in Europe, has chosen iGenius – a company that applies its generative AI technology to business intelligence (BI) – to implement its BI solutions. iGenius is a platform that “simplifies access to data using natural language,… Read More

October 3, 2023 @ 8:17 am By Omar Faridi  |  

Visa (NYSE: V), a global firm focused on payments, announced a new $100 million generative AI ventures initiative in order “to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.”… Read More

October 1, 2023 @ 11:58 pm By Omar Faridi  |  

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More

September 28, 2023 @ 10:59 am By Michael Wong  |  

OpenAI, the company behind ChatGPT, is considering selling existing shares at a much higher valuation to investors, according to a report by the Wall Street Journal. The report said the deal could value OpenAI, which is backed by Microsoft, at between $80 billion and $90… Read More

September 23, 2023 @ 11:15 am By Omar Faridi  |  

Exabeam, a global cybersecurity firm that created New-Scale SIEM for advancing security operations, and a 2023 Google Cloud Technology Partner of the Year for Security – Analytics, announced it is expanding its partnership with Google Cloud in “the development of generative artificial intelligence (AI) models… Read More

September 18, 2023 @ 11:37 am By Omar Faridi  |  

HighRadius, the provider of Autonomous Finance Software for Order to Cash, Treasury, and Record to Report, launched FreedaGPT – Generative AI for the Office of the CFO. FreedaGPT is the next generation of Freeda – HighRadius’ AI-enabled digital assistant “for Order to Cash, Treasury, and… Read More

September 16, 2023 @ 4:59 pm By Tony Zerucha  |  

Lingering recessionary fears are causing consumers to still cut spending, according to the Q3 2023 Consumer Pulse Report released this week by Marqeta, a global card issuing platform. Marqeta’s report surveyed 3,000 consumers in the United States and the United Kingdom in partnership with Propeller… Read More

September 16, 2023 @ 4:55 pm By Michael Wong  |  

Learn.xyz, a startup focusing on generative AI in education, has unveiled its innovative, AI-driven social learning app for iOS and Android platforms. This launch coincides with the company’s successful $3 million Seed funding. The new app, catering to a worldwide audience, offers the unique ability… Read More

September 8, 2023 @ 12:55 pm By Tony Zerucha  |  

Temenos this week launched what it claims is an industry-first secure solution for banks using generative artificial intelligence to classify customers’ banking transactions automatically. Transactions classification helps banks provide personalized insights and recommendations, offer more engaging and intuitive digital banking experiences, and enhance customer loyalty through more… Read More

September 6, 2023 @ 9:34 am By Michael Wong  |  

Artificial intelligence (AI) technology provider Elemental Cognition (EC.ai), has announced raising $60 million in its Series B funding round, with notable participation from Bridgewater Associates, Breyer Capital, AME Cloud Ventures, Staged Ventures, and other individual investors. The investment will be utilized to accelerate the commercial… Read More

August 31, 2023 @ 6:41 pm By Michael Wong  |  

Artificial Intelligence (AI) and large language models (LLMs) company AI21 Labs has announced raising $155 million in Series C funding to fast-track the expansion of its “highly precised” text-based generative AI services for businesses. The Tel Aviv, Israel-based company said the funding round was backed… Read More

August 28, 2023 @ 8:30 am By Omar Faridi  |  

Research from Xero, the global small business platform, has revealed that 80% of small business owners are concerned AI development and adoption is “outpacing regulation, as generative AI tools permeate various industries and the workforce.” Xero’s Future Focus AI research “surveyed over 3,000 small business… Read More

August 15, 2023 @ 10:02 am By Omar Faridi  |  

Credit scoring is a statistical method employed by lenders to predict the probability an existing and/or prospective borrower or counterparty “will default on loans/credit products, or incur additional charges for repayment, also known as measuring creditworthiness,” the team at Juniper Research explains. Juniper Research also… Read More

August 2, 2023 @ 10:28 pm By Omar Faridi  |  

Already a key player in the Data & AI market, Capgemini says it is well positioned to support clients through their next era of digital transformation thanks “to the breadth of its generative AI services, deep industry expertise, and its industrialized delivery assets.” As a… Read More

July 11, 2023 @ 10:22 am By Omar Faridi  |  

Emirates NBD, a banking group in the MENA region and Turkey, has announced a transformation focused on harnessing the power of generative AI to change Emirates NBD’s operations and enhance productivity across various business functions supported by Microsoft. This collaboration aims “to unlock new opportunities… Read More

July 8, 2023 @ 9:02 am By Omar Faridi  |  

Singlife recently signed a Memorandum of Understanding with Microsoft (NASDAQ: MSFT) to support high-growth insurance startups to adopt generative artificial intelligence (AI). Singlife is the first financial services partner “to collaborate with Microsoft for the Startups Programme in ASEAN for budding insurtech startups to scale… Read More