AI

How Can Artificial Intelligence and Machine Learning Boost Cyber Security?

Machine learning is the use of data and algorithms to allow machines to imitate human behaviour. This technology is applied in many different ways. One of these is in the boosting of cyber security, an issue that has become quite

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Zurich Insurance Group to Acquire Estonia’s AI Firm AlphaChat

Zurich Insurance Group has agreed to acquire Estonia-based conversational AI company AlphaChat. AlphaChat’s customer service automation technology will help to enhance Zurich Insurance Group’s conversational AI capabilities, and support the development of Intelligent Virtual Assistants for both internal and external

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Unit8: Artificial Intelligence for Good Causes – And Not Just at Christmas

The leading Swiss AI start-up Unit8 gives something back to society – not just at Christmas, but throughout the year, too. Employees use 10% of their working time for projects dedicated to charitable purposes. Refugees, homeless people, children and young

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The Next Frontiers of AI and Machine Learning in Data

With data becoming a core business asset for financial companies, artificial intelligence and machine learning (AI/ML) continues to be a focal point in maximising the competitive advantage of this ‘new oil’. This is according to a new study by LSEG

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Databricks Secures US$1.6 Billion in Series H Fundraise at US$38 Billion Valuation

Databricks, a US-based enterprise software company, announced that it has raised US$1.6 billion during a Series H funding round at a US$38 billion valuation. This new round brings Databricks’ total funding to almost US$3.6 billion, and will be used to

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Legaltech: Experts Forecast Rising Adoption of AI, Analytics in 2021

COVID-19 has accelerated the use of digital tools and platforms in the legal industry, further increasing adoption of legal technology, or legaltech. For many attorneys and legal technologists, 2021 will see more companies embrace artificial intelligence (AI) and analytics, amid

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AI to Unlock US$1T of Additional Value Each Year for Banks: McKinsey

For global banking, artificial intelligence (AI) could potentially deliver up to US$1 trillion of additional value each year, boosting revenues through increased personalization of services, lowering costs through efficiencies, and uncovering new and previously unrealized opportunities through the use of

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3 Key AI Capabilities for Asset Management Applications

Artificial intelligence (AI) is rapidly being adopted across the financial landscape. In asset management, applications of AI are articulated around the technology’s key inherent capabilities: the ability to conduct repetitive tasks efficiently; the ability to extract information from unstructured data

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PXL Vision Secures CHF 4.6 Million Seed Financing Led by SIX Fintech Ventures

ETH spin-off PXL Vision has developed an AI-based software platform to deliver secure, automated identity verification. The company has now received CHF 4.6 million in a seed financing round to expand its technology and grow internationally. The financing round was

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Microsoft Announces $1.5 Billion Investment Plan to Accelerate Digital Transformation in Italy

Microsoft announced a $1.5 billion, five-year investment plan in Italy, marking a significant commitment to support local innovation and growth, including the intent to bring Microsoft’s first datacenter region to the country. The plan “Ambizione Italia #DigitalRestart” builds on the

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