HSBC exec says there’s a lot of AI ‘success theater’ happening in finance

Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K.

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Will AI help with electrification and load growth? Most utilities seem to think so

Photo by John Schnobrich on Unsplash ) Nearly 90% of utilities view AI and machine learning as crucial for overcoming operational hurdles during the energy transition, according to a new report, with safety, cybersecurity, and predictive maintenance as the top use cases. Itron has released its 2024 Resourcefulness Insight Report…

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GI Docs Will Need to Forge a ‘Human-Computer Cooperative’

Several artificial intelligence (AI) technologies are emerging that will change the management of gastrointestinal (GI) diseases sooner rather than later. One of the leading researchers working toward that AI-driven future is Ryan W. Stidham, MD, MS, associate professor of gastroenterology and computational medicine and bioinformatics at the University of Michigan in Ann Arbor. Stidham’s work

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Anthropic challenges OpenAI with affordable batch processing

October 8, 2024 4:19 PM Credit: VentureBeat made with Midjourney Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Anthropic, a leading artificial intelligence company, launched its new Message Batches API on Tuesday, allowing businesses to process large volumes of data at half the cost

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Hailuo gets feature competitive launching image-to-video AI generation capability

October 8, 2024 2:19 PM Credit: Hailuo AI Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Hailuo AI, a product of Chinese startup MiniMax, has officially launched its Image-to-Video (img2video) feature on the web, providing a new tool for creators looking to turn static

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Bill Gates-Backed AI Mining Company Raises Nearly $500 Million

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Many Brands Risk Being Left Behind By Overlooking These Critical Advertising Steps

Opinions expressed by Entrepreneur contributors are their own. The landscape of ad spending has changed significantly in recent years. We have seen a major shift in marketing campaigns from before the pandemic to now. Everything from graphic styles to personalization has evolved, and so has spending. With more brands in the mix, advertising spending is

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Fei-Fei Li picks Google Cloud, where she led AI, as World Labs’ main compute provider

Cloud providers are chasing after AI unicorns, and the latest is Fei-Fei Li’s World Labs. The startup just tapped Google Cloud as its primary compute provider to train AI models, a deal that could be worth hundreds of millions of dollars. But Li’s tenure as chief scientist of AI at Google Cloud wasn’t a factor…

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AIs can work together in much larger groups than humans ever could

Technology It is thought that humans can only maintain relationships with around 150 people, a figure known as Dunbar’s number, but it seems that AI models can outstrip this and reach consensus in far bigger groups By Matthew Sparkes Facebook / Meta Twitter / X icon Linkedin Reddit Email Copies of the same artificial intelligence

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‘Godfather of AI’ wins Nobel Prize for work he fears threatens humanity

‘We have no experience with what it’s like to have things smarter than us.’ Credit: Johnny Guatto/University of Toronto Geoffrey Hinton, one of the so-called ‘Godfathers of AI’ has won a Nobel Prize for pioneering the very same technology he fears could result in the “end of people.” Hinton and fellow AI researcher John J.

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Study finds AI is not ready to run emergency rooms

AI isn’t ready to run a hospital’s emergency room just yet, a new study concludes. Photo by Adobe Stock/HealthDay News AI isn’t ready to run a hospital’s emergency room just yet, a new study concludes. ChatGPT likely would ask for unnecessary x-rays and antibiotics for some patients, and admit others who don’t really need hospital

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Industry Visionary Skip Kimpel Launches Magicgate, a Consultancy to Help Hospitality Harness the Power of XR, AI and Next-Gen Tech

Skip Kimpel Ft Lauderdale, FL ( RestaurantNews.com ) Hospitality industry veteran Skip Kimpel is tapping his passion for XR (extended reality), AI and next-gen tech to power up Magicgate , an exciting new consultancy laser-focused on bringing the art of the possible to restaurants, hotels and hospitality venues worldwide. Focused on personalized experiences and digital

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Exciting Updates from Plus Wallet, Bitget Wallet AI Features & Latest from Coinbase

Earning with Every Swap: Plus Wallet Rolls Out Rewards, AI Advancements at Bitget, & Expanded Payments at Coinbase As the demand for inventive features in digital finance rises, prominent crypto wallet apps are advancing beyond mere storage. Bitget Wallet, for instance, now uses AI integration, facilitating passive earnings for its users. Coinbase is broadening its

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How to use generative AI in copywriting for an A/B testing program

AI fans like to rhapsodize about all the great things they can do with ChatGPT and other AI assistants. Here’s a glimpse into how my agency uses an advanced form of ChatGPT to help us with copywriting for an email A/B test. Although I can’t reveal everything — I need to protect my client’s privacy and

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This AI-Powered Invention Machine Automates Eureka Moments

Just outside Lausanne, Switzerland, in a meeting room wallpapered with patent drawings, Ioannis Ierides faced a classic sales challenge: demonstrating his product’s advantages within the short span of his customer’s attention. Ierides is a business-development manager at Iprova, a company that sells ideas for invention with an element of artificial intelligence (AI). When Ierides gets

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Adobe wants to make it easier for artists to blacklist their work from AI scraping

Its new web app is designed to help signal that work shouldn’t be included in models’ training databases. Stephanie Arnett/MIT Technology Review | Firefly Adobe has announced a new tool to help creators watermark their artwork and opt out of having it used to train generative AI models. The web app, called Adobe Content Authenticity

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Two artificial intelligence leaders win physics Nobel Prize

Professor Anders Irback speaks at a press conference at the Royal Swedish Academy of Sciences after announcing the winners of the 2024 Nobel Prize in Physics, in Stockholm, Sweden, on Tuesday to John J. Hopfield and Geoffrey E. Hinton. Photo by Christine Olsson/EPA-EFE Oct. 8 (UPI) — The Nobel Prize in physics was awarded on

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Geoffrey Hinton, AI pioneer and figurehead of doomerism, wins Nobel Prize

Hinton shares the award with fellow computer scientist John Hopfield, who invented a type of pattern-matching neural network that could store and reconstruct data. Hinton built on this technology, known as a Hopfield network, to develop backpropagation, an algorithm that lets neural networks learn. Hopfield and Hinton borrowed methods from physics, especially statistical techniques, to

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Why AI Isn’t Enough To Beat The Competition

October 08, 2024 Many companies are investing heavily in artificial intelligence right now, hoping to improve both efficiency and innovation. But, as with any technology that sees widespread adoption, AI itself won’t be enough to build a long-term advantage over competitors, says Jay Barney, professor at the University of Utah’s Eccles School of Business. Yes

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Top 9 Ways to Earn Passive Income Through Cryptocurrency in 2024

You are here: Home / Press Release / Top 9 Ways to Earn Passive Income Through Cryptocurrency in 2024 Cryptocurrency offers various avenues for earning passive income, but none stand out more than crypto staking. As the blockchain world continues to develop, staking platforms like STAKING AI allow investors to grow their assets seamlessly. In this

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Why artificial intelligence and clean energy need each other

We are in the early stages of a geopolitical competition for the future of artificial intelligence. The winners will dominate the global economy in the 21st century. But what’s been too often left out of the conversation is that AI’s huge demand for concentrated and consistent amounts of power represents a chance to scale the

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Forget chat. AI that can hear, see, and click is already here.

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here . Chatting with an AI chatbot is so 2022. The latest hot AI toys take advantage of multimodal models, which can handle several things at the same time, such as images, audio

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Healthcare CIOs Must Fix Two Areas Now Before AI Adoption

Doctor John Dunning in Laboratory Bettmann Archive Hospitals and health systems are grappling with shrinking margins, workforce shortages, and rising patient expectations, which makes the balance between quality care and value-based models increasingly challenging. While AI is often seen as a quick fix, healthcare CIOs must urgently address foundational gaps in cybersecurity, operations, and the

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How AI is permeating enterprise IT

The industry is ramping up efforts to help enterprise IT deliver artificial intelligence-based business applications By Cliff Saran, Managing Editor Published: 08 Oct 2024 13:30 Numerous IT service providers and consulting businesses have ramped up their artificial intelligence (AI) practices in recent weeks in a bid to drive demand for enterprise AI. The latest announcement

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Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve

Chairman of Foxconn Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of

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Nebius is tripling Nvidia GPU capacity at its AI data centre in Finland

“Welcome on board. I have been tasked with taking you to Mäntsälä — in the middle of nowhere,” the minivan driver greets us in the characteristic clear and unhurried intonations of a Finnish native speaker. Mäntsälä is, indeed, in the middle of nowhere. But this kind of location is often where you find collections of

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$TAO Leads AI Token Surge, Poised For Supply Shock And Price Rally

AI tokens are experiencing a strong performance today, with $TAO leading the charge, posting a 14.46% gain. Other notable tokens such as $NEAR and $FET have also seen significant increases. Currently, $TAO commands around 50% of all crypto AI mindshare. Once accounting for only 2.92% of Grayscale’s AI fund, it now makes up a staggering

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Omnicom Media Group looks for more clarity on the role of AI in the auction process

By Michael Bürgi • October 8, 2024 • Keep up to date with Digiday’s annual coverage of Advertising Week in New York. More from the series → With another Advertising Week well underway, Omnicom Media Group continues to work behind the scenes to address systemic issues around the more opaque processes in digital investment. The

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Samsung posts disappointing third-quarter profit guidance as it grapples with AI chips

The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. In guidance released Tuesday, the world’s

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Hugging Face’s new tool lets devs build AI-powered web apps with OpenAI in just minutes

October 7, 2024 4:52 PM Credit: VentureBeat made with Midjourney Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Hugging Face has released an innovative new Python package that allows developers to create AI-powered web apps with just a few lines of code. The tool

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