Artificial Intelligence In Finance
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AI's Rise Could Threaten Financial Stability, Warns RBI Governor
The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday.
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OpenAI's Stunning $150 Billion Valuation Said to Hinge on Upending Corporate Structure
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors.
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Giottus Exchange Lists 43 New Cryptocurrencies in India, Pumps Total Token Count to 300
A total of 43 new cryptocurrencies have been listed on the Giottus crypto exchange. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed list. The exchange is said to have around 300 tokens currently listed for trading. It claims...
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Microsoft, OpenAI Plan $100 Billion Data Centre With 'Stargate' AI Supercomputer: Report
Microsoft and ChatGPT maker OpenAI are planning to build a data center worth over $100 billion, equipped with an AI supercomputer called "Stargate" that could arrive in 2028, according to a report. The Redmond company is likely to finance the project, which is expected to be more than 100 times more expensive than some of the biggest data centers i...
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Microsoft Introduces Copilot for Finance, an AI Tool to Streamline Enterprise Finance Tasks
Microsoft unveiled a new artificial intelligence (AI) tool called Copilot for Finance on Thursday, aiming to help financial professionals in easily navigating through everyday mundane tasks. The Copilot tool is not a new AI model, and instead builds on the existing Copilot for Microsoft 365 stack to bring new features specific to financial operatio...
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Google DeepMind Scientists Said to Be in Talks to Leave and Form AI Startup
Google DeepMind scientists are said to be in talks with investors about forming an AI startup in Paris. The scientists are said to have held discussions with potential investors about a financing round that may exceed EUR 200 million (roughly Rs. 1,800 crore). The purported venture may be focused on building a new AI model.
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Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was a...
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Use Of AI In Finance Could Trigger Rise In Fraud: UK Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday.
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Need New Strategy To Counter Cybercrime In AI Backdrop, Feels Parliamentary Panel: Sources
India needs a five-year strategy to counter cybercrime as new technological breakthroughs, including artificial intelligence, become part of everyday life.
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ChatGPT-Maker OpenAI CEO Sam Altman to Visit India This Week
ChatGPT-maker OpenAI Chief Executive Officer Sam Altman is set to visit India this week alongside Israel, Jordan, Qatar, the UAE, and South Korea. Given India's strong IT industry and a large set of data, AI-based utilities can leverage huge potential in the country. AI is expected to contribute an additional $957 billion (roughly Rs. 79,00,300 cro...
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OpenAI CEO to Testify Before US Senate Panel Next Week on Concerns Regarding AI Regulations
OpenAI CEO Sam Altman will make his first appearance before a Senate panel next week as the US Congress grapples with how best to regulate artificial intelligence as the technology becomes more powerful and widespread. Altman will testify before the Senate Judiciary Subcommittee on Privacy, Technology & the Law on Tuesday on what laws might be need...
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Budget: Big Push For Artificial Intelligence, New 5G App Labs
Three centres of excellence for artificial intelligence (AI) in top educational institutions and 100 labs in engineering institutions for developing applications using 5G services will be set up, Union Finance Minister Nirmala Sitharaman announced on Wednesday.
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Government to Finalise GST Rates on Online Gaming in August: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman mentioned that the GST rates on online gaming, horse racing and casinos will be finalised in the 48th GST Council Meeting which will be held in August in Madurai. She also added that the compensation can be continued at least for a few years.
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Robotaxi Race Opens Up As Top Contender Waymo In Low gear In Arizona
Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.
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Robotaxi Race Opens Up As Top Contender Waymo In Low gear In Arizona
Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.
-
AI's Rise Could Threaten Financial Stability, Warns RBI Governor
The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday.
-
OpenAI's Stunning $150 Billion Valuation Said to Hinge on Upending Corporate Structure
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors.
-
Giottus Exchange Lists 43 New Cryptocurrencies in India, Pumps Total Token Count to 300
A total of 43 new cryptocurrencies have been listed on the Giottus crypto exchange. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed list. The exchange is said to have around 300 tokens currently listed for trading. It claims...
-
Microsoft, OpenAI Plan $100 Billion Data Centre With 'Stargate' AI Supercomputer: Report
Microsoft and ChatGPT maker OpenAI are planning to build a data center worth over $100 billion, equipped with an AI supercomputer called "Stargate" that could arrive in 2028, according to a report. The Redmond company is likely to finance the project, which is expected to be more than 100 times more expensive than some of the biggest data centers i...
-
Microsoft Introduces Copilot for Finance, an AI Tool to Streamline Enterprise Finance Tasks
Microsoft unveiled a new artificial intelligence (AI) tool called Copilot for Finance on Thursday, aiming to help financial professionals in easily navigating through everyday mundane tasks. The Copilot tool is not a new AI model, and instead builds on the existing Copilot for Microsoft 365 stack to bring new features specific to financial operatio...
-
Google DeepMind Scientists Said to Be in Talks to Leave and Form AI Startup
Google DeepMind scientists are said to be in talks with investors about forming an AI startup in Paris. The scientists are said to have held discussions with potential investors about a financing round that may exceed EUR 200 million (roughly Rs. 1,800 crore). The purported venture may be focused on building a new AI model.
-
Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was a...
-
Use Of AI In Finance Could Trigger Rise In Fraud: UK Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday.
-
Need New Strategy To Counter Cybercrime In AI Backdrop, Feels Parliamentary Panel: Sources
India needs a five-year strategy to counter cybercrime as new technological breakthroughs, including artificial intelligence, become part of everyday life.
-
ChatGPT-Maker OpenAI CEO Sam Altman to Visit India This Week
ChatGPT-maker OpenAI Chief Executive Officer Sam Altman is set to visit India this week alongside Israel, Jordan, Qatar, the UAE, and South Korea. Given India's strong IT industry and a large set of data, AI-based utilities can leverage huge potential in the country. AI is expected to contribute an additional $957 billion (roughly Rs. 79,00,300 cro...
-
OpenAI CEO to Testify Before US Senate Panel Next Week on Concerns Regarding AI Regulations
OpenAI CEO Sam Altman will make his first appearance before a Senate panel next week as the US Congress grapples with how best to regulate artificial intelligence as the technology becomes more powerful and widespread. Altman will testify before the Senate Judiciary Subcommittee on Privacy, Technology & the Law on Tuesday on what laws might be need...
-
Budget: Big Push For Artificial Intelligence, New 5G App Labs
Three centres of excellence for artificial intelligence (AI) in top educational institutions and 100 labs in engineering institutions for developing applications using 5G services will be set up, Union Finance Minister Nirmala Sitharaman announced on Wednesday.
-
Government to Finalise GST Rates on Online Gaming in August: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman mentioned that the GST rates on online gaming, horse racing and casinos will be finalised in the 48th GST Council Meeting which will be held in August in Madurai. She also added that the compensation can be continued at least for a few years.
-
Robotaxi Race Opens Up As Top Contender Waymo In Low gear In Arizona
Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.
-
Robotaxi Race Opens Up As Top Contender Waymo In Low gear In Arizona
Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.
