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Artificial intelligence (AI) model training and inference are two terms that are thrown about when talking about the technology. But they are two distinct stages of AI development — a differentiation that would benefit businesses to understand.
AI training is the process of teaching a machine learning model to recognize patterns by feeding it large amounts of data. Think of it as the learning...
JPMorgan Chase CEO Jamie Dimon said Monday (May 19) that the bank now offers its clients access to bitcoin.
Dimon announced this at the bank’s annual investor day, while reiterating his own skepticism about digital currency, CNBC reported Monday.
“We are going to allow you to buy it,” Dimon said, per the report. “We’re not going to custody it. We’re going to put it in statements for clients.”...
Crypto exchanges are rapidly evolving into digital-age banks, amassing vast troves of customer data and assets — but without the regulatory muscle or hardened security infrastructure of traditional finance.
A recent breach at Coinbase, exposing sensitive user information through a social engineering attack, underscores the growing risk posed by centralized crypto platforms as they scale into...
JPMorgan Chase...
Uber reportedly plans to launch a B2B logistics service in India.
The company will do so “soon” in partnership with an Indian government-backed nonprofit, the Open Network for Digital Commerce (ONDC), TechCrunch reported Monday (May 19). Uber did not disclose a timeline, according to the report.
Uber did not immediately reply to PYMNTS’ request for comment.
The ONDC aims to expand digital...
The Bank of England is reportedly looking to ease its “ringfencing” rules for British lenders.
As the Financial Times (FT) reported Monday (May 19), this effort is happening as the central bank (BoE) is facing calls to abandon those regulations altogether.
The ringfencing rules require British banks to keep their retail operations separate from other, potentially riskier, activities.
Sam Woods,...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...