Category Archives: AI Development

AI offers financial firms a hand but isn’t ready for more complex tasks

June 28, 2024 AI offers financial firms a hand but isn’t ready for more complex tasks The spread of AI-based systems offers big opportunities for financial services firms, executives say, but asset managers also face higher stakes than other consumer-facing businesses because they manage sensitive information. BY Reuters The spread of artificial intelligence-based systems offers big … Continue reading AI offers financial firms a hand but isn’t ready for more complex tasks

Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says

  June 25, 2024 Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says The BIS cautioned that AI also introduces risks, such as new types of cyber attacks, and may amplify existing ones, such as herding, bank runs and financial asset fire sales. BY Reuters Central banks should embrace the benefits of artificial … Continue reading Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says

If Clearview AI scanned your face, you may get equity in the company

If Clearview AI scanned your face, you may get equity in the company The deal is designed to help the privacy-abusing company avoid bankruptcy. steve dent   Fri, Jun 14, 2024 Clearview AI Controversial facial recognition company Clearview AI has agreed to an unusual settlement to a class action lawsuit, The New York Times reports. … Continue reading If Clearview AI scanned your face, you may get equity in the company