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Visa announced the launch of its new global AI advisory practice on Nov. 8. The consultation service will be part of Visa Consulting & Analytics (VCA) and, according to a press release, will focus on “providing actionable insights and recommendations to empower clients to unlock the potential of AI and
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"Whether in wholesale form – as a type of digital central bank reserve – or retail form – as a digital banknote – it is increasingly clear, at least to me, that these new forms of money will sit at the core of the future financial system," Carstens said in
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Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, director of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As Big Tech continues to innovate, small
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Cerebras Systems has announced the signing of a deal worth around $100 million with G42, a technology group based in the United Arab Emirates (UAE). The agreement entails providing the initial installment of an artificial intelligence (AI) supercomputer, with the possibility of delivering up to nine more units, the company
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The South Korean central bank (BOK) has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the report said, and it is getting ready for a future with central bank digital currency (CBDC) and is discussing stablecoin regulation broadly.The BOK-Wire+ fast payment system
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As tensions rise in the occupied territories and with Iran, the Israel Defense Forces are reportedly utilizing artificial intelligence (AI) to choose targets for air strikes and manage logistics during wartime.According to a Bloomberg report, officials in the Israeli military confirmed the use of an AI recommendation system by the
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The company behind the popular artificial intelligence (AI) chatbot ChatGPT says it will be forming a team to rein in and manage the risks of superintelligent AI systems. In a July 5 announcement on its blog, OpenAI said the new team will be created to “steer and control AI systems much smarter
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Nuance is on a mission to reduce administrative responsibilities for doctors so that they can spend less time on paperwork and more time with patients. Microsoft-owned computer software company Nuance Communications announced that its AI-powered clinical notes application is coming to Epic Systems. It is only a matter of time before
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SAP, the German software company, has embarked on cross-border payment testing by utilizing Circle’s USDC stablecoin, aiming to address the complexities associated with international money transfers. The company’s experimentation with the widely recognized stablecoin was disclosed in
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USDC stablecoin issuer Circle recently launched Euro Coin on the Avalanche protocol to exploit the network’s blazing transaction speed. Circle has launched a euro-based stablecoin on the Avalanche blockchain to deliver prompt and efficient payments and financial services. The Euro Coin (EUROC) launch is the first of a series of anticipated multi-chain launches to aid developers
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