September 26, 2024
By Jody Godoy WASHINGTON (Reuters) - The U.S. Federal Trade Commission on Wednesday announced actions against five companies it says are using artificial intelligence in deceptive and unfair ways. Three of the cases resulted in the suspension of operations of companies that claimed to help consumers generate passive income by opening e-commerce stores. The FTC
September 25, 2024
AI-powered financial data platform Bud Financial has launched an AI agent that can perform tasks on behalf of customers, such as transferring money between accounts to avoid unnecessary overdrafts. Unlike AI agents that simply respond to prompts, an agentic model can perform many tasks and learn from its experiences. In this case, it will take
September 25, 2024
Artificial intelligence can help auto lenders streamline compliance while making operations more efficient. Here are two ways lenders are using AI to improve their operations: 1. Combat human error Subprime auto lender based in Santa Ana, California Veros Credit studies how to use AI-based programs to improve compliance across the organization and reduce human error,
September 25, 2024
(Bloomberg) - An Israeli regulator has cleared an artificial intelligence startup to launch a chatbot that offers stock-picking advice in partnership with a major bank, even as other governments have sounded alarms that AI could destabilize financial markets if it were widely used in investing. Tel Aviv-based Bridgewise got the green light from the Israel
September 25, 2024
Vultr has just released the latest iteration of its AI Maturity Report, “Unleashing the power of AI in financial services," which covers the impacts of AI implementation in the financial services industry and how organizations can overcome industry challenges to get the most out of their AI deployment. The latest Derivatives Report reveals that financial
September 25, 2024
Microsoft's AI lead narrows: Analyst downgrades stock as Amazon, Google close gap DA Davidson Analyst Gil Luria downgraded the rating on Microsoft Corp (NASDAQ:MSFT) from Neutral to Buy while maintaining a $475 price target. Luria noted that the competition has essentially caught up to Microsoft on the AI front, reducing the justification for the current
September 25, 2024
Unlock the US Election Countdown Newsletter for Free The stories that matter about money and politics in the race for the White House The UAE leader met with US President Joe Biden in Washington on Monday to advance cooperation on artificial intelligence as the Gulf nation seeks easier access to US-made technology. The meeting comes
September 24, 2024
Healthcare Financing NewsEmployee Trust Needed to Support Clinical AIAt the enterprise level, there is no shortage of AI opportunities around the economic value of the application, says Dr. Peter Bonis,….10 hours ago
September 24, 2024
Nicole Inui, head of U.S. and Latin American equity strategy at HSBC, joins BNN Bloomberg to discuss which sectors can withstand the volatility brought on by the recession. (Bloomberg) - HSBC Holdings Plc wants to join the rush to finance the infrastructure needed to deploy artificial intelligence, according to one of the bank's most senior
September 24, 2024
Businesses can derive great value from leveraging AI across a variety of use cases in finance and risk. A discussion with Varrlyn experts Stephan van der Windt and Brian Mudhara on the value that can be extracted and what is needed to get there. Artificial intelligence (AI) is rapidly transforming the financial services and risk
September 24, 2024
We recently compiled a list of The 10 Worst Artificial Intelligence (AI) Stocks to Buy According to Financial Media. In this article, we'll look at how Arm Holdings (NASDAQ:ARM) stacks up against other AI stocks. Is a 0.5% rate cut aggressive? Analysts have long been predicting interest rate cuts, and the Fed just cut rates
September 24, 2024
Photo: SDI Productions/Getty Images According to a study by Bain & Company and KLAS Research, three-quarters of U.S. healthcare providers and payers increased their IT spending last year, with artificial intelligence (AI), cybersecurity and IT infrastructure among the top areas of investment. AI adoption is gaining momentum, with 15% of providers and 25% of payers
