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How an artificial intelligence (AI) model performs is critically important to the enterprises investing in and deploying the technology. But there’s debate whether advancements in large language models are slowing.
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This debate centers around AI scaling laws.
Popularized by OpenAI, the concept behind AI scaling laws is simply this: Larger models trained on more compute...
JPMorgan Chase reportedly found that most of the application programming interface (API) calls from middlemen received by its systems in June came from FinTech companies.
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Only 13% of the data requests were initiated by customers for transactions, CNBC reported Monday (July 28), citing a JPMorgan Chase memo.
The FinTech companies’ API calls were done to help them improve...
Microsoft has launched an experimental mode that adds new artificial intelligence (AI) features to its Edge browser.
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When users opt-in, the new Copilot Mode provides a page with a single input box that combines chat, search and web navigation, the company said in a Monday (July 28) blog post.
“Copilot Mode also sees the full picture across your open tabs, and you can...
EssilorLuxottica, which partners with Meta on artificial intelligence (AI) glasses, reported Monday (July 28) that the sales of those Ray-Ban Meta glasses were up more than 200% in the first half of the year.
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The designer, manufacturer and distributor of vision care products, eyewear and MedTech solutions also highlighted new and upcoming smart glasses and MedTech...
London-based DynaRisk has raised $4.7 million in a funding round to accelerate product innovation and fuel the international expansion of its cyber risk management solutions for the insurance sector.
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The company plans to use the new funding to help expand its operations across the Europe, Middle East and Africa (EMEA), North America and Asia-Pacific regions, it said in...
Singapore’s banking association has debuted an ePayments tool to help businesses transition from paper checks.
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EDP and EDP+, announced by The Association of Banks in Singapore (ABS) on Monday (July 28), follows an effort by the country’s financial regulator to phase out corporate checks.
“The EDP solutions address the use cases of deferred payments in place of cheques...
Canada-based insurance and wealth management group iA Financial plans to acquire RF Capital Group, a Canada-based wealth management company that operates under the Richardson Wealth brand, to expand its reach.
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The deal will provide both companies with cost synergies and revenue synergies, according to a Monday (July 28) press release.
The cost synergies will include a...
Financial operating system Flex has introduced its version of the Visa Infinite Business Credit Card.
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The launch, announced in a news release Monday (July 28), makes Flex the first U.S. FinTech in its category to roll out a Visa Infinite Business-branded credit card.
“Visa Infinite Business is Visa’s highest small business card product and is typically reserved for...
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...