November 1, 2024
Key impact points: 96% of global CFOs are concerned about the reliability of business reporting data More than half of investors (57%) believe AI could assess the credibility and accuracy of data. Finance executives are concerned about AI costs and compliance, but recognize its potential. Finance executives around the world are grappling with concerns about
November 1, 2024
BOULDER — A Boulder-based AI technology company is "going for the fences," after raising $21 million to expand its product to more of the financial world. Brightwave Inc. began raising money in June with a $6 million seed round, and recently raised another $15 million to bring its platform to larger markets. The platform is
November 1, 2024
Lag in adoption of artificial intelligence (AI) leaves Asian financial institutions vulnerable to rising financial crime, new study finds SymphonyAI And Asian regulations revealed Tuesday. According to the study, existing systems, data quality, explanatory power of models, data privacy and regulatory uncertainty hinder the adoption of AI in financial crime compliance. Only 15% of Asian
November 1, 2024
Brightwave, a leading AI financial research platform, announced the closing of a $15 million Series A funding round, led by Decibel Partners and with participation from OMERS Ventures. This funding round brings Brightwave's total funding to $21 million following an oversubscribed funding round in June. Brightwave also achieved four times revenue growth in the four
October 31, 2024
Big tech profits are weighing on major indexes. Members of the Microsoft “Magnificent Seven” (MSFT) and metaplatforms (META) both reported better-than-expected quarterly profits, but the amount these companies are spending to develop their AI offerings is making some investors nervous. One stock that fell early in the session was Uber Technologies (UBER). Its third-quarter revenue
October 31, 2024
From left, John Beaman, CFO of Adventist Health, and Robert Broermann, CFO of Sentara. Photos: Courtesy of Adventist Health and Sentara, respectively. The CFOs of two of the nation's largest nonprofit health systems were asked about their financial strategies as generative AI becomes the next big thing with the launch of ChatGPT in 2022. Robert
October 31, 2024
Brightwave Inc.creator of an artificial intelligence-powered financial research platform for investment banks, hedge fund managers and other financial professionals, today announced that it has closed a seed funding round of 15 million dollars. Today's Series A round was led by Decibel Partners and saw participation from Omers Ventures, bringing the total amount raised to date
October 31, 2024
By Mr. Pawan Yadav The financial sector is experiencing significant disruption, taking advantage of new technologies such as artificial intelligence (AI). The integration of AI in finance is nothing short of a revolutionary approach as it changes the way financial institutions (FIs) and banks operate. Additionally, the implementation of AI in banking applications has propelled
October 31, 2024
ASIC has released its inaugural report into the use and adoption of AI by financial services and credit licensees. The report highlights the urgent need for strong governance frameworks to keep pace with the rapid integration of AI technologies. This need arises from findings showing that a majority of licensees plan to increase their use
October 30, 2024
Stay informed with free updates Simply register at Artificial intelligence myFT Digest – delivered straight to your inbox. Data center startup Crusoe Energy raises up to $500 million in equity capital from investors including Peter Thiel's Founders Fund to expand facilities that provide the infrastructure fueling the data center boom AI. The fundraising will value
October 30, 2024
The Hong Kong Special Administrative Region (HKSAR) government on Monday issued a policy statement outlining its position and guidelines for the responsible application of artificial intelligence (AI) in the financial market, aiming to promote the use of AI in finance, according to the official website of the Hong Kong government. Analysts said such efforts would
October 30, 2024
Photo: Courtesy of Geisinger Medical Center Geisinger partners on AI platform to better manage operating room time and staff. Partner Optmed.ai's AI platform analyzes billions of logistics data points to manage operating room workflow. This allows more clinical procedures to be performed, which increases revenue. It is used on all 10 Geisinger hospital campuses. WHY
