AI
Aisot Technologies Raises CHF 1.8 Million Seed Funding
Aisot Technologies, a spin-off from ETH Zurich developing AI-powered portfolio insights for equity and crypto markets, announced that it received CHF 1.8 million in a seed funding round. The round was led by Swiss investment firm Haute Capital Partners and
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Finance Companies Ramp Up AI Deployment
In the financial services industry, banks, insurers, asset managers and fintech companies are increasing the speed at which they deploy artificial intelligence (AI)-enabled applications, confident that AI will help them assess risk more accurately, enable operational efficiencies, and reduce costs,
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Tech Giants Ramp up AI Development Amid ChatGPT Frenzy
Since its release in November 2022, artificial intelligence (AI)-powered chatbot ChatGPT has sent the tech world abuzz. The viral application, which allows users to ask questions and then answer these questions with human-like responses, has triggered a heated race among
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IBM’s 2023 Banking and Financial Market Report is Bullish on Cloud and AI
Stress to the world economy in 2022, arising from factors including geopolitical conflicts, supply chain disruptions and rising inflation, will impact the financial services landscape in 2023, forcing industry players to embrace digital business models and architectures, a new report
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GPT-3 Use Cases in Banking, Finance and Fintech
Since its release in November 2022, artificial intelligence (AI)-powered chatbot ChatGPT has garnered much excitement in the technology industry, praised by industry observers and experts for its ability to accurately answer questions, mimic human language and complete a wide range
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The Implications of ChatGPT and AI Models on Fintech and Banking
A new text-based artificial intelligence (AI) tool called ChatGPT is making waves in the technology industry for its ability to accurately answer questions and complete a wide range of tasks, from creating software to formulating business ideas. Launched on November
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Dataiku Now Valued at US$3.7 Billion With US$200 Million Fundraise
Dataiku, an AI and analytics platform, announced that it has raised US$200 million in Series F funding round led by new investor Wellington Management. This brings Dataiku’s total funds raised since its inception to approximately US$600 million with a valuation
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Cloud Infrastructure Deal: LSEG and Microsoft Launch 10-Year Strategic Partnership
London Stock Exchange Group (LSEG) and Microsoft have entered into a new long-term strategic partnership to architect LSEG’s data infrastructure using the Microsoft Cloud, and to jointly develop new products and services for data and analytics. The partnership will build
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UBS and Microsoft Expand Partnership Beyond Cloud Services
UBS and Microsoft announced an expansion of their partnership that will see more than 50% of UBS’ applications, including critical workloads, running on the Microsoft Azure cloud. The expanded partnership will also help advance UBS’ sustainability initiatives and see the
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Europe’s Forthcoming AI Act Will Have a Wide Reach and Broad Implications
Like the European Union (EU)’s General Data Protection Regulation (GDPR) that entered into force in 2016, the upcoming Artificial Intelligence (AI) Act will have extraterritorial scope and global impact. Considering the AI Act’s broad scope and the financial risks relating
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