Archive for the ‘finance’ category: Page 14

Jul 15, 2023

US to invest $20 billion in clean energy projects

Posted by in categories: energy, finance

The new projects will have a focus on disadvantaged communities.

The Biden administration announced Friday it will invest $20 billion from the federal “green bank” for clean energy projects in the region. This is according to a report by ABC News.

The money will come from two programs and will supply competitive grants to nonprofits, community development banks and other groups to invest in clean energy projects. Both funds will have a focus on disadvantaged communities.

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Jul 14, 2023

What Is The Most Advanced AI Right Now? (Here’s The Top 10 Ranked)

Posted by in categories: finance, robotics/AI

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Welcome to our latest video, “What Is The Most Advanced AI Right Now? (Here’s The Top 10 Ranked)”. This informative and engaging content explores the cutting-edge advancements in Artificial Intelligence (AI), offering an in-depth look at the top 10 most advanced AI systems that are shaping our world today. From machine learning, natural language processing, to predictive analytics, AI has become an integral part of our digital ecosystem. This video offers an exclusive journey into the core of these technologies, presenting an overview of their functionalities and how they’re innovating various industries like healthcare, finance, entertainment, and more. Throughout this video, we’ll examine the capabilities of renowned AI technologies such as OpenAI’s GPT-4, Google’s DeepMind, IBM’s Watson, and many others. We delve into what makes these systems uniquely powerful, their applications, their impact on our everyday lives, and why they are considered the most advanced in their field. If you’ve ever asked yourself, “What is the most advanced AI right now?”, this video is a must-watch. It’s perfect for AI enthusiasts, tech innovators, researchers, students, and anyone curious about the latest developments in AI technology.#artificialintelligence.
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Welcome to AI Uncovered, your ultimate destination for exploring the fascinating world of artificial intelligence! Our channel delves deep into the latest AI trends and technology, providing insights into cutting-edge AI tools, AI news, and breakthroughs in artificial general intelligence (AGI). We simplify complex concepts, making AI explained in a way that is accessible to everyone. At AI Uncovered, we’re passionate about uncovering the most captivating stories in AI, including the marvels of ChatGPT and advancements by organizations like OpenAI. Our content spans a wide range of topics, from science news and AI innovations to in-depth discussions on the ethical implications of artificial intelligence. Our mission is to enlighten, inspire, and inform our audience about the rapidly evolving technology landscape. Whether you’re a tech enthusiast, a professional seeking to stay ahead of AI trends, or someone curious about the future of artificial intelligence, AI Uncovered is the perfect place to expand your knowledge. Join us as we uncover the secrets behind AI tools and their potential to revolutionize our world. Subscribe to AI Uncovered and stay tuned for enlightening content that bridges the gap between AI novices and experts, covering AI news, AGI, ChatGPT, OpenAI, artificial intelligence, and more. Together, let’s explore the limitless possibilities of technology and AI.Disclaimer: Some links included in this description might be affiliate links. If you purchase a product or service through the links that we provide, we may receive a small commission. There is no additional charge for you. Thank you for supporting AI Uncovered so we can continue to provide you with free, high-quality content.

Jul 9, 2023

China wraps up fintech crackdown with big fines on Tencent, Alibaba

Posted by in categories: finance, governance

The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two digital payments giants.

Tencent, along with its payments subsidiary Tenpay, has been fined approximately 2.99 billion yuan ($410 million) by the People’s Bank of China for “its past regulatory breaches in relation to the provision of payment services in the mainland of China,” the company said in a filing on Friday.

On the same day, the central bank announced it will slap a 7.123 billion yuan (roughly $1 billion) fine on Ant Group, the fintech affiliate of Alibaba, for a range of illegal activities, including those concerning corporate governance, consumer protection, banking and insurance, payments and settlement, anti-money laundering practices and fund sales.

Jul 8, 2023

China’s metal export restrictions: Implications for chipmaker companies

Posted by in categories: business, energy, finance

Harsh Kumar, Piper Sandler managing director, joins CNBC’s ‘Power Lunch’ to discuss why he believes not all chipmakers take a direct hit from China’s curb on the rare metals used in semiconductors and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi.

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Jul 7, 2023

The economic potential of generative AI: The next productivity frontier

Posted by in categories: economics, finance, robotics/AI

All of us are at the beginning of a journey to understand generative AI’s power, reach, and capabilities. This research is the latest in our efforts to assess the impact of this new era of AI. It suggests that generative AI is poised to transform roles and boost performance across functions such as sales and marketing, customer operations, and software development. In the process, it could unlock trillions of dollars in value across sectors from banking to life sciences. The following sections share our initial findings.

For the full version of this report, download the PDF.

Generative AI’s impact on productivity could add trillions of dollars in value to the global economy. Our latest research estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across the 63 use cases we analyzed—by comparison, the United Kingdom’s entire GDP in 2021 was $3.1 trillion. This would increase the impact of all artificial intelligence by 15 to 40 percent. This estimate would roughly double if we include the impact of embedding generative AI into software that is currently used for other tasks beyond those use cases.

Jul 6, 2023

AI tests into top 1% for original creative thinking

Posted by in categories: biotech/medical, business, finance, robotics/AI

New research from the University of Montana and its partners suggests artificial intelligence can match the top 1% of human thinkers on a standard test for creativity.

The study was directed by Dr. Erik Guzik, an assistant clinical professor in UM’s College of Business. He and his partners used the Torrance Tests of Creative Thinking, a well-known tool used for decades to assess human creativity.

The researchers submitted eight responses generated by ChatGPT, the application powered by the GPT-4 engine. They also submitted answers from a of 24 UM students taking Guzik’s entrepreneurship and personal finance classes. These scores were compared with 2,700 college students nationally who took the TTCT in 2016. All submissions were scored by Scholastic Testing Service, which didn’t know AI was involved.

Jul 4, 2023

Microsoft’s light-based computer marks ‘the unravelling of Moore’s Law’

Posted by in categories: computing, finance

Presenting its findings as “Unlocking the future of computing” Microsoft is edging ever closer to photon computing technology with the Analog Iterative Machine (AIM). Right now, the light-based machine is being licensed for use in financial institutions, to help navigate the endlessly complex data flowing through them.

According to the Microsoft Research Blog, “Microsoft researchers have been developing a new kind of analog optical computer that uses photons and electrons to process continuous value data, unlike today’s digital computers that use transistors to crunch through binary data” (via Hardware Info).

Jul 4, 2023

Artificial intelligence fueling a rise of sextortion cases

Posted by in categories: cybercrime/malcode, education, finance, robotics/AI

PORTSMOUTH, Va. (WAVY) – Artificial intelligence is already revolutionizing society – from healthcare and education to cybersecurity and even our courts. Despite all of its benefits, it has also given criminals an edge when it comes to deceiving us.

Financial sextortion is a crime in which a bad actor attempts to leverage personal material (think: naked pictures or videos) to force a victim into giving into their demands — usually money or other compromising material.

Jun 29, 2023

Elon Musk Announces 5 NEW Teslas For 2023

Posted by in categories: Elon Musk, finance, sustainability, transportation

Elon Musk Announces 5 NEW Teslas For 2023:- Tesla company has achieved remarkable growth in recent years with just four vehicles in its lineup: the Model S midsize sedan, Model X midsize crossover, Model 3 compact sedan and Model Y compact crossover.

Combined, those four nameplates now dominate the U.S. luxury car segment and top the EV charts. Tesla is the second-best-selling brand after Toyota in California, which often sets future-product trends for the nation. But Tesla fans are clamoring for more. And financial analysts watching Tesla stock warn of growing competition.

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Jun 27, 2023

Ramp’s Acquisition Of Cohere.io Signals The Rise Of Generative AI In Customer Support

Posted by in categories: business, finance, robotics/AI

The finance automation platform Ramp has acquired Cohere.io, an AI-powered customer support platform. The acquisition marks Ramp’s first foray into the world of generative AI, which is a sign of the growing importance of this technology in the finance industry. This is also a significant milestone for Ramp, as it is the company’s second acquisition since its inception in 2019 and the first since it purchased Buyer, a “negotiation-as-a-service” platform, in August of 2021.

Ramp is a technology business that specializes in corporate credit cards and cost management in the financial technology (fintech) sector. The company was founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh and is… More.

In addition to improving the quality of customer support, generative AI is also likely to lead to new innovations in customer support. For example, generative AI could be used to create chatbots that are capable of having natural conversations with customers. This could help businesses provide customer support 24/7 while reducing the cost of support.

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