Latest Artificial Intelligence News: Finextra Research

EBAday 2023: EU and UK as global leaders in AI regulation

Earlier this week, the European Union and the United States announced they expect to draft a voluntary code of conduct on artificial intelligence in the coming weeks, with the hope that other democratic nations would sign on to the code.

02 June 2023

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Kasisto launches KAI-GPT banking-specific LLM

Conversational AI chatbot developer Kasisto has launched KAI-GPT, the world’s first banking-specific large language model (LLM).

01 June 2023

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BIS explores use of data, tech and collaboration to combat money laundering

Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.

31 May 2023

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MAS and Google Cloud collaborate on generative AI

The Monetary Authority of Singapore is to work with Google Cloud to explore potential use cases for generative AI.

31 May 2023

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Financial wellness fintech Elifinty launches

UK startup Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.

30 May 2023

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BNY Mellon to create AI R&D hub in Ireland

BNY Mellon is to invest €8 million in the creation of a digital R&D hub in Dublin that will drive innovation in AI and data analytics for the US bank's global client base.

30 May 2023

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Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

26 May 2023

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AI regulation draws attention of G7 officials

G7 national officials will meet in Japan on the 30th May to discuss challenges posed by generative AI tools like ChatGPT.

26 May 2023

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Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri

Nordic Capital has announced the appointment of technology and payments veteran Mohit Agnihotri as a new partner for the European private equity firm that recently raised its EUR 9 billion Fund XI.

26 May 2023

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Bitpanda to invest $10 million in AI

Austrian cryptocurrency outfit Bitpanda is to invest $10 million to create a dedicated AI division.

16 May 2023

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EU Parliament in favour of tougher rules for AI Act

The European Parliament lawmakers reached agreement on a strict set of rules on AI use in the EU to rein in AI systems and ensure transparency and security.

12 May 2023

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Biden and Harris address AI regulation with BigTech CEOs

US President Joe Biden met with CEOs of several leading tech firms to discuss the dangers of rapid artificial intelligence (AI) adoption.

05 May 2023

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