Category: News

US authorities disrupt Russian AI-powered disinformation campaign

In a groundbreaking move, US authorities have dismantled “Meliorator,” a sophisticated Russian disinformation campaign leveraging AI technology. This malicious initiative created fake social media personas to spread misleading information both domestically and abroad. The disruption of this operation highlights the significant role AI plays in modern cyber warfare and the urgent need for robust cybersecurity […]

AI startup investments surge to $24 billion

Artificial Intelligence (AI) startups have recently witnessed a significant surge in investments. Data from the first quarter of this year indicate that financial commitments to AI startups have reached an impressive $24 billion, pushing overall startup funding to $79 billion. This 16% sequential growth underscores the crucial role AI plays in driving innovation and economic […]

AI conference spotlights Chinese GPU advances

In the rapidly changing realm of global business, innovations in technology stand out as critical elements of competitiveness and sustainability. One notable instance is the surprising strides made by Chinese companies in GPU development. Recently showcased at an AI conference, these advancements underline a significant effort by China to break dependency on Western technology and […]

Driverless taxis gain traction in Wuhan amid controversy and competition

Driverless taxis are gaining traction in Wuhan, marking a significant shift in the urban transportation landscape. These autonomous vehicles promise efficiency, reduced emissions, and round-the-clock availability, appealing to tech-savvy citizens and businesses alike. However, this innovation is not without its controversies. Safety concerns are paramount, with skeptics questioning the reliability of AI-driven systems in complex […]

AI driving transformation in financial services

In today’s dynamic market, artificial intelligence (AI) is reshaping financial services, creating a paradigm shift towards more personalized and efficient operations. Ankur Pal from Aplazo underscores the vital role AI plays in these transformations. AI’s capacity for data analysis allows financial institutions to craft tailored products for individual clients. Personalized offerings not only enhance customer […]

Basel Committee of banking regulators proposes principles to reduce risk from third-party tech firms

Navigating the complex landscape of modern banking requires a keen focus on operational resilience. The Basel Committee on Banking Supervision has recently unveiled a new set of principles aimed at reducing risks from third-party tech firms. These guidelines come in response to rising cyberattacks that pose significant threats to financial institutions globally. The principles stress […]

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